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Cryptocurrency analyst Willy Woo questioned on Sunday Sen. Elizabeth Warren’s (D-Mass.) wealth tax proposal targeting Amazon.com Inc., Jeff Bezos.

Woo responded to Warren’s claim that her proposed wealth tax on Bezos could fund insulin for all Americans and free school lunches for every child in Texas.

Warren noted that a 3% wealth tax on Bezos’ $222 billion fortune would still leave the tech titan with $215 billion to spare.

Bezos didn’t immediately return Benzinga’s request for comment.

Bezos spends $15B, develops a space program, creates new technologies.

California spends $15B to build high speed rail, zero miles delivered.

You’re proposing to move capital from the best capital allocator to the worst, one rife with fraud and overspending.

— Willy Woo (@willywoo) April 5, 2026

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Woo lashed out at Warren’s statements, stating that Bezos’s $15 billion investment created a space program and new technologies, while California’s $15 billion high-speed rail project produced “zero miles” of track.

“You’re proposing to move capital from the best capital allocator to the worst, one rife with fraud and overspending,” they added.

Woo likely referred to Bezos’ space company, Blue Origin. Founded in 2000, the company operated solely on the billionaire’s funding in the early days and reached orbit during its debut flight in January.

As for California’s high-speed rail project, Gavin Newsom (D-Calif.) stated that the project has entered the track-laying phase despite President Donald Trump withdrawing over $4 billion in funding for the project.  The project is estimated to cost over $100 billion.

See Also: Get Direct Access to Physical Metals — No Minimums, No Market Hours

Woo faced pushback from X users, who asked whether it was right to compare public works investment benefiting state residents with Blue Origin flights, which they dismissed as elite space tourism.

Another user Bitnik, said that the argument of asset allocation is “subjective.”

“It’s about whether one person should have unilateral state-level capital that he can deploy with zero democratic input/oversight,” they added.

This isn’t about how well assets get allocated (which is highly subjective anyway)

It’s about whether one person should have unilateral state-level capital that he can deploy with zero democratic input/oversight

— Bitnik (@Bitnik9k) April 6, 2026

Photo Courtesy: Bryan J. Scrafford on Shutterstock.com

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This article Elizabeth Warren Wants Wealth Tax On Jeff Bezos To Cover Insulin, Free School Meals—Crypto Analyst Calls It Moving Capital From The Best To The Worst originally appeared on Benzinga.com

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