why that would be wrong? you are confusing country of residency with country where you earn your income. if a millionaire lives in Belize, earns his money by

why that would be wrong? you are confusing country of residency with country where you earn your income. if a millionaire lives in Belize, earns his money by having his money invested in Belize and pay whatever taxes Belize require, that law will give zero tax to the usa. it will just force that millionaire to give up citizenship. now if he makes his money in the usa, then your point is invalid as you clearly don't understand the issue. also this is exactly what corporations do already and this law won't change a thing.