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"The citizen's ultimate recourse if they no longer agree to the terms of living in a country is to leave" They are not prevented from doing so. Given these amounts, the immensely wealthy will remain immensely wealthy even after this "penalty"
Threatening to take half of someone's assets if they do x will definitely disincentivize them. And if you're not trying to disincentivize anything, why not do it to everyone? Poof, half of what you have is now ours. You're still plenty rich.
It's a penalty in principle but in real terms it's minor discomfort for the sake of the improvement of social services. The discomfort being "I can't spend those 10s of millions, oh well, I still have more 10s of millions"
Anyway, I see how this is principle for you, I'll show myself out.
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