Home » World News » Warren buys ad in Sheldon Adelson's newspaper to say he'd pay $2.3B under wealth tax
Warren buys ad in Sheldon Adelson's newspaper to say he'd pay $2.3B under wealth tax
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Democratic presidential candidate Elizabeth Warren bought an ad in a Republican megadonor's newspaper to say he would pay $2.3 billion in the first year under her wealth tax.
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Sheldon Adelson, a casino magnate, is worth roughly $40 billion and bought the Las Vegas Review-Journal in 2015. Warren's advertisement said that Adelson would pay up approximately 6 percent of his wealth under her plan.
"With that small wealth tax, we can invest in Nevada families," the ad reads. "It's time for the wealthy to invest in opportunity for the next generation."
The ad said the money could help "hundreds of thousands of Nevadans" see their student loan debt canceled, provide child care for about 91,000 families and make public universities and trade schools free for students.