Though it sounds like a bold move, it will not be a Richs to Rags story, most of undeclared wealth is already invested in Gold and Property (in proxy names). A

Though it sounds like a bold move, it will not be a Richs to Rags story, most of undeclared wealth is already invested in Gold and Property (in proxy names). A lot of people having undeclared wealth are going to lose 1% to 5% their wealth (which had held as cash for liquidity), no big deal.