Where are the rich going to move their monies?
Wherever they get taxed less, maybe to other countries out of the reach of greedy liberals. Just like the yacht tax decimated the American yacht industry because the rich simply bought foreign built yachts, the wealthy will not sit still and let you or anyone take their wealth.
Liberals never seem to realize that human nature always makes tax schemes generate less than they're projected to, because people protect what they've earned.
Where are the rich going to move their monies?
Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.
A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.
So anywhere else, is going to be preferable to here, under AOC's system.