This experiment has already been done, and it didn't work out the way the orchestrators planned. I don't remember the date, but I recall from my college economics class that around the turn of the century in England there was a move to dramatically raise taxes on the elite. The result was a mass exodus of the people whose investment in industry fueled the economy. After the brain drain, the economy suffered because the ones who were left were the ones who depended on others to provide opportunities, but now there were fewer people left to provide such opportunities.

Remember the Little Red Hen story? It tells the tale particularly well in this modern adaptation:

http://www.bgolden.com/oso/little-red-hen.htm

https://www.dropbox.com/sh/ey71h8ep047758h/AAC12jNM0Hz9Q8zsh5iDeqNHa?dl=0