Author Topic: Ocasio-Cortez floats 70 percent tax on the super wealthy to fund Green New Deal  (Read 341 times)

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Offline The Ghost

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Rep. Alexandria Ocasio-Cortez (D-N.Y.) is floating an income tax rate as high as 60 to 70 percent on the highest-earning Americans to combat carbon emissions.

Speaking with Anderson Cooper in a “60 Minutes” interview scheduled to air Sunday, Ocasio-Cortez said a dramatic increase in taxes could support her “Green New Deal” goal of eliminating the use of fossil fuels within 12 years — a goal she acknowledges is ambitious.

“What is the problem with trying to push our technological capacities to the furthest extent possible?” Ocasio-Cortez asked. “There’s an element where yeah, people are going to have to start paying their fair share in taxes.”

Ocasio-Cortez pointed out that in a progressive tax rate system, not all income for a high earner is taxed at such a high rate. Rather, rates increase on each additional level of income, with dramatic increases on especially high earnings, such as $10 million.

https://www.politico.com/story/2019/01/04/ocasio-cortez-70-percent-tax-1080874
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"You don’t hand matches to an arsonist, and you don’t give power to an angry left-wing mob. Democrats have become too EXTREME and TOO DANGEROUS to govern. Republicans believe in the rule of law - not the rule of the mob. VOTE REPUBLICAN!"

Offline Frank Cannon

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You go girl. Soak it to your Silicon Valley and Hollywood friends.

Offline austingirl

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If she took 100% and your first born child to sell on the black market, there isn't enough money to pay for her proposals. She should stick to bartending and dancing.
Principles matter. Words matter.

Offline Free Vulcan

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Thank you loonbags, keep getting your name in the media by proposing these crackpot bills that will go nowhere, so we can use them in future campaign commercials.
The Conservative Fist: https://twitter.com/arguedpolitics - follow me and I'll follow you.

Online Bigun

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Thank you loonbags, keep getting your name in the media by proposing these crackpot bills that will go nowhere, so we can use them in future campaign commercials.

 :amen:  888high58888

Offline jmyrlefuller

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She must realize that most of the people who make that kind of income already know how to use trusts and foundations to avoid it... right?

Offline rustynail

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What about the super-duper wealthy?  And do the really-really wealthy get a pass?

Offline GrouchoTex

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She must realize that most of the people who make that kind of income already know how to use trusts and foundations to avoid it... right?

And for those that don't and catch on, it might work...once...and once only.

Offline austingirl

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She must realize that most of the people who make that kind of income already know how to use trusts and foundations to avoid it... right?

I'm not sure she has the intellectual capacity to understand the ABCs.
Principles matter. Words matter.

Offline The Ghost

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I'm not sure she has the intellectual capacity to understand the ABCs.
:beer:
Understand them?  That bug-eyed skwerl looking fool can barely recite the abc's if you spot her the 1st 25 letters.  Hell she can't even count to 10 with out taking her shoes and socks off..
#StandWithCovington
"You don’t hand matches to an arsonist, and you don’t give power to an angry left-wing mob. Democrats have become too EXTREME and TOO DANGEROUS to govern. Republicans believe in the rule of law - not the rule of the mob. VOTE REPUBLICAN!"

Offline Restored

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"Tippy Top earners" = middle-class
Hahahahaha....No seriously. Who is the President?

Online Cyber Liberty

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:beer:
Understand them?  That bug-eyed skwerl looking fool can barely recite the abc's if you spot her the 1st 25 letters.  Hell she can't even count to 10 with out taking her shoes and socks off..

Now that's a lie!  She can too say her ABC's.  As long as she can remember the tune, "Twinkle, Twinkle Little Star."
I will NOT comply.
                                                                            
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Online 240B

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I wonder if she will include her own family in that 'rich' group. She's a little rich girl herself from a wealthy family. Will all the multimillionaires in Congress be included?
You cannot "COEXIST" with people who want to kill you.
If they kill their own with no conscience, there is nothing to stop them from killing you.

Offline The Ghost

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Now that's a lie!  She can too say her ABC's.  As long as she can remember the tune, "Twinkle, Twinkle Little Star."

Well...the counting to ten part is true!    :cool:
#StandWithCovington
"You don’t hand matches to an arsonist, and you don’t give power to an angry left-wing mob. Democrats have become too EXTREME and TOO DANGEROUS to govern. Republicans believe in the rule of law - not the rule of the mob. VOTE REPUBLICAN!"

Online Cyber Liberty

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Well...the counting to ten part is true!    :cool:

 888high58888
I will NOT comply.
                                                                            
Home Sweet Home!

Online sneakypete

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Soros and Steve Jobs will have her whacked.
+++++++++++++++++++++++++++++++
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