The tax isn't the point. The point is to crash the economy so that the rich can buy up as much as possible as cheaply as possible, once more consolidating more wealth into their hands and robbing it from the rest of us. They don't care if the price of eggs, or iPhones, or any other goods are going to increase, they have the funds to wait that out, but when the cost of ownership of land, property or corporations goes down, they can buy them up and control that wealth once it recovers.
They don't care that you suffer. They just want to own all the stuff.
Edit: wow, 8 hours later and I'm already proven right: https://lemmy.nz/post/21369385
Nah, he'll be put in charge of women's health and reproductive rights.