Silicon Valley investor Chamath Palihapitiya says he loves Elizabeth Warren's wealth tax
. Fellow billionaire Palihapitiya, however, says he has no problem with the wealth tax.
"I love it," he said on CNBC's Closing Bell. "There's a very small sliver of people who will be deeply and completely affected by a wealth tax, which is not rich people, but specifically rich people who own unproductive assets or rich people who have concentrated stock positions.
He added he thinks some of Warren's policy ideas like medicare for all are "far-fetched," but that he thinks the wealth tax could effectively reduce some of the wealth of the ultra rich.
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