dac
It would be much less the second year and into the future as the top 2% simply quit earning and live off what they have squirreled away against the day an actual communist would be President.
...but once they have taxed "those" rich people into poverty, they can just slip down to the next level of folks they can declare to be rich and feed off them for awhile. Once everybody is broke and starving, we will have achieved that progressive utopia of total equality for all.

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!