(CNN) Unless you've lived on another planet for the last five years, you know that Bernie Sanders isn't a big fan of the uber-wealthy. He's been railing against the detrimental effects of millionaires and billionaires on the nation's economy for years.

But on Tuesday afternoon, Sanders took it even a step farther. In a tweet touting his newly unveiled plan to tax the ultra-wealthy, the Vermont senator wrote this: "There should be no billionaires. We are going to tax their extreme wealth and invest in working people."

No billionaires! As in, Sanders is going to tax them out of existence?

That's not, at least according to my reading of the plan, what Sanders is actually proposing. Here's the basics of his ultra-wealth tax, according to his website

"It would start with a 1 percent tax on net worth above $32 million for a married couple. That means a married couple with $32.5 million would pay a wealth tax of just $5,000.