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Here is what a tax like this does: 1) It excites people with zero agency and infinite envy. Beware of these people. 2) It will keep middle class people firmly in the middle class with no real chance of getting wealthy if they stay in Washington State. It should be clear that this IS the strategy. Learned helplessness of the electorate will keep Washington State’s current elected officials in office. 3) It will never allow the upwardly mobile of building any assets or real wealth unless they move. Capping the American Dream is a dystopian and malevolent scheme. It cannot be a valid strategy. But unless droves of middle and upper middle class people leave Washington State, this strategy will win.