Elizabeth Warren placed an ad in billionaire Sheldon Adelson's newspaper telling him what he'd pay under her wealth tax

Sen. Elizabeth Warren (D-Mass.) let billionaire Sheldon Adelson know exactly how much he would pay under her proposed Ultra-Millionaire Tax by taking out a full-page ad in his newspaper and spelling it out for him.

The ad ran Thursday in Adelson's Las Vegas Review-Journal, just two days before the Nevada caucuses. Adelson, the CEO of Las Vegas Sands, is a major Republican donor and supporter of President Trump. The Nevada Independent's Jon Ralston tweeted a picture of the ad, which says Adelson has a net worth of $39.6 billion. During the first year of Warren's plan, he would pay $2,300,000,000, less than 6 percent of his wealth.

"Today, our economy is only working for a thinner and thinner slice at the top," the ad says. "That's why Elizabeth Warren has a plan for an Ultra-Millionaire Tax on the richest 75,000 Americans." As the ad is Nevada-specific, it says that the funds generated by this tax would make hundreds of thousands of Nevadans eligible to have their student debt canceled; make roughly 91,000 Nevada families eligible for free, quality child care; provide additional funding for public K-12 schools; and eliminate tuition and fees at Nevada's public universities, community colleges, and trade schools. Catherine Garcia

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up