Probably, but you might have to think twice
This will be a huge new strategy in standard, and it looks like Selesnya archetype will gain the most benefit from Tyrranax Rex and other similar cards with the mechanic
Regardless, this is a wildly powerful interaction in Standard, particularly if the Books static is able to be taken advantage of
TCGplayer shows a market price of around $400, though the asking price on the only listing for an unopened copy is more than twice that
If you need to counter a planeswalker or another non-creature spell, it's clearly better than Izzet Charm since it only costs one mana, but if your opponent is drawing cards with a Dark Confidant or has so much mana they can easily pay two extra for their spell, it's stuck rotting in your hand
Steal from the Rich represents its card name wellI love the simplicity here