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Amazon.com, Inc. (NASDAQ:AMZN), Tesla Motors, Inc. (NASDAQ:TSLA) - Elizabeth Warren's Wealth Tax Proposal: What You Should Know


Tesla Inc (NASDAQ: TSLA) CEO Elon Musk would owe about $4.6 billion.
In a statement this week, Warren said the Ultra-Millionaire Tax Act would help offset the widening of the wealth gap during the pandemic.
Soaring stock prices have increased billionaire wealth by about 40% since the COVID-19 crisis began, Warren said.
In an interview on CNBC on Tuesday, Warren said the tax wouldn’t include any individual assets valued at less than $50,000.
“I think most people would rather be rich and pay 2 cents. This is not very fancy. It really is a tax on fortunes above $50 million,” Warren said.
Economists estimate the proposed tax would impact fewer than one in 1,000 American families, or less than 0.1% of the wealthiest Americans. ....

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Canaco Resources (CAN), MicroStrategy (MSTR), Tesla Motors (TSLA) - Why Doug Kass Says ARK Invest Unwind A 'Bona Fide Market Risk Now'


ARK Innovation ETF (NYSE:ARKK) down nearly 12% at one point before the market stabilized.
Yet the ARKK fund is now down more than 14% from its February high in less than two weeks, and Seabreeze Partners Management president and ARKK short seller Doug Kass says the worst may be yet to come.
Kass Sees Risk: On Tuesday, Kass said ARK fund manager Cathie Wood has been overly aggressive in investing in overvalued, momentum-driven story stocks.
The explosion in ARK’s assets under management, including $20 billion in inflows in the last three weeks, has now created an extremely risky situation, he said.  ....

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