It'll be tried again no doubt and it will fail hard again. Watch NYC for the next three years, pay close attention. The failure will be blamed on those who flee to greener pastures, aka capital flight, those who move their wealth outside the corrupted system of high taxation and forced re-distribution thievery. They'll blame those who refused to be robbed blind. They'll demand their failed thieving system of wealth re-distribution be imposed everywhere else so no one can flee from their failed third world policies. Next all the wealth will simply flee the nation entirely when the idiots get full control. That means any and all job opportunities completely go away. Tax revenues start to dry up. Businesses and shops shut down. Supply chains break. Infrastructure no longer maintained, not enough funding or tax revenue because you scared everyone with wealth into fleeing the country. Few more years you wind up living in a third world country. People fight over resources, food, shelter, whatever. Some just die. The government becomes tyrannical to maintain in control at the expense of everyone else. The rich laugh at your bad karma living high on the hog overseas as you get everything you voted for. Your country is no longer a superpower. You are stuck, impoverished, never to live with the luxuries you once took for granted.

Don't believe this can happen?
Look at the state of the UK today.
Most Brits are totally impoverished and cannot even speak out against their oppression without risking a jail sentence anymore.
What is terrifying is some people really want that to happen here.