Elizabeth Warren Instagram – Here’s how it works. Consider two people: – An heir with $500 million worth of yachts and jewelry and art – A public school teacher with no savings in the bank They both bring home $50,000/year. And they both pay the same amount in federal taxes. That’s a system that is rigged for the top. My plan: Just a two-cent #WealthTax for every dollar over $50 million in assets and a few more cents for every dollar of wealth over $1 billion. With that, with the wealthy starting to pay their fair share, we can help working families recover and help improve their lives.