I dont buy that this tax will meaningfully reduce investment. With interest rates on bank accounts and and bonds so low, there really is no way to keep up with

I dont buy that this tax will meaningfully reduce investment. With interest rates on bank accounts and and bonds so low, there really is no way to keep up with even relatively low levels of inflation without investing in stocks. People aren't stupid, they aren't going to make investments with a 0.5% rate of return just to spite the state.