According to Senator Elizabeth Warren 's proposal , there would be no tax increase for households with less than $ 50 million in wealth .
For example , a proposal by Senator Elizabeth Warren would raise hundreds of billions in revenue per year without inceasing taxes on 99.9 % of households ( i.e. , no tax on households with less than $ 50 million in wealth ) , and likely would not reduce consumption by those that were taxed .
Wealth tax