The headline is incomplete. The proposal also includes a 2% tax on wealth over $50 million. The article estimates about 100,000 Americans would be affected, gi

The headline is incomplete. The proposal also includes a 2% tax on wealth over $50 million. The article estimates about 100,000 Americans would be affected, giving a minimum of $100 billion in increased taxes. The article then goes on to estimate a revenue of $300 billion/year ($3T/decade). An increase of 7.5% in the total annual tax revenue is not a drop in the bucket. Full details are at https://www.warren.senate.gov/imo/media/doc/Wealth%20Tax%20Revenue%20Estimates%20by%20Saez%20and%20Zucman%20-%20Feb%2024%2020211.pdf https://www.warren.senate.gov/imo/media/doc/Wealth%20Tax%20R... , which was linked-to from the article.