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  4. Here's how much smaller the top 11 billionaires' fortunes would've been if Bernie Sanders' or Elizabeth Warren's proposed wealth taxes had been around since 1982

Here's how much smaller the top 11 billionaires' fortunes would've been if Bernie Sanders' or Elizabeth Warren's proposed wealth taxes had been around since 1982

What Sanders and Warren's wealth taxes look like.

Here's how much smaller the top 11 billionaires' fortunes would've been if Bernie Sanders' or Elizabeth Warren's proposed wealth taxes had been around since 1982

Walmart heir Jim Walton. Actual 2018 net worth: $45.2 billion

Walmart heir Jim Walton. Actual 2018 net worth: $45.2 billion

Net worth under revised Warren wealth tax: $7.8 billion

Net worth under Sanders wealth tax: $5.0 billion

Bloomberg LP founder Michael Bloomberg. Actual 2018 net worth: $51.8 billion

Bloomberg LP founder Michael Bloomberg. Actual 2018 net worth: $51.8 billion

Net worth under revised Warren wealth tax: $12.3 billion

Net worth under Sanders wealth tax: $11.3 billion

Earlier this year, Bloomberg suggested a wealth tax could be unconstitutional and raised the prospect of America turning into Venezuela.

Google founder Sergey Brin. Actual 2018 net worth: $52.4 billion.

Google founder Sergey Brin. Actual 2018 net worth: $52.4 billion.

Net worth under revised Warren wealth tax: $21.4 billion

Net worth under Sanders wealth tax: $19.0 billion

Koch Industries executives Charles and David Koch. Actual 2018 net worth: $53.5 billion each.

Koch Industries executives Charles and David Koch. Actual 2018 net worth: $53.5 billion each.

Net worth under the revised Warren wealth tax: $7.9 billion

Net worth under the Sanders wealth tax: $8.0 billion

David Koch died in August, and it is unclear what will happen to Koch's estate. David was included in Saez and Zucman's analysis since it examines the wealthiest US citizens as of year end 2018.

Google founder Larry Page. Actual 2018 net worth: $53.8 billion.

Google founder Larry Page. Actual 2018 net worth: $53.8 billion.

Net worth under revised Warren wealth tax: $22 billion

Net worth under Sanders wealth tax:: $19.5 billion

Oracle founder Larry Ellison. Actual 2018 net worth: $58.4 billion.

Oracle founder Larry Ellison. Actual 2018 net worth: $58.4 billion.

Net worth under revised Warren wealth tax: $10.3 billion

Net worth under Sanders wealth tax: $8.5 billion

Facebook founder and CEO Mark Zuckerberg. Actual 2018 net worth: $61 billion.

Facebook founder and CEO Mark Zuckerberg.  Actual 2018 net worth: $61 billion.

Net worth under revised Warren wealth tax: $32.5 billion

Net worth under Sanders wealth tax: $28.6 billion

Last month, Zuckerberg expressed concern in a Fox News interview that eliminating billionaires would hurt competition, though he was uneasy with the level of inequality in the United States.

"I think it's good that there are different philanthropies and different organizations that can put competing ideas out about how to do research or science. … I fundamentally believe in that competition that you want different ideas out there," Zuckerberg said.

Berkshire Hathaway CEO Warren Buffett. Actual 2018 net worth: $88.3 billion.

Berkshire Hathaway CEO Warren Buffett. Actual 2018 net worth: $88.3 billion.

Net worth under revised Warren wealth tax: $10.4 billion

Net worth under Sanders wealth tax:: $8.2 billion

Buffet has come out in favor of paying more taxes.

Microsoft founder Bill Gates. Actual 2018 net worth: $97 billion.

Microsoft founder Bill Gates. Actual 2018 net worth: $97 billion.

Net worth under revised Warren wealth tax: $13.9 billion

Net worth under Sanders wealth tax: $9.9 billion

Last week, Gates joked he didn't know how much money he would have left over if a wealth tax was implemented, but defended the amount of money he's paid to the government.

He also said he was open to paying more and backed additional taxes for the wealthy.


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