US senator proposes new tax that would cost Bezos $4bn in first year
US Senator Elizabeth Warren has proposed a new wealth tax which would cost the world's richest person Jeff Bezos $4.1 billion in the first year. Warren proposed a wealth tax of 2% on Americans with assets above $50 million and 3% on all fortunes above $1 billion. Almost all of Bezos' $137.1 billion wealth is tied up in Amazon stock.