CNBC: Elizabeth Warren proposes ‘wealth tax’ on Americans with more than $50 million in assets

While the 1 percent of Americans with the highest incomes receive about 20 percent of the total income in the United States, the top 1 percent of wealth holders collectively own more than 40 percent of the nation’s total wealth, according to a report published Wednesday by the Institute on Taxation and Economic Policy arguing for a wealth tax. Read more