Sternlicht also reacts to a radical proposal from two UC Berkeley professors on how to account for taxpayer wealth tied to private companies.
on household net worth of more than $50 million and a 3% tax on net worth over $1 billion.
UC Berkeley's Emmanuel Saez and Gabriel Zucman, who helped design Warren's tax plan, proposed the Internal Revenue Service calculate values for private companies that can be figured into the complete wealth picture of taxpayers.
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