Depends on what kind of ultra wealthy. If they are selling wealth tied to the locale, like property, that they were charging rent for before, that seems fine, m

Depends on what kind of ultra wealthy. If they are selling wealth tied to the locale, like property, that they were charging rent for before, that seems fine, maybe even beneficial for current renters. If they are moving businesses away then that could cause the job loss and other bad effects. So maybe tax the first kind of wealth more?