Politico: 'Soak the Rich' Resonates with Majority of Americans

[mystery-ak]

Politico: 'Soak the Rich' Resonates with Majority of Americans
By Stephen Green February 4, 2019

This is sad.

Politico reports this morning that "polling suggests that when it comes to soaking the rich, the American public is increasingly on board." According to a poll they conducted along with Morning Consult, "76 percent of registered voters believe the wealthiest Americans should pay more in taxes." The story by Ben White also notes that a "recent Fox News survey showed that 70 percent of Americans favor raising taxes on those earning over $10 million — including 54 percent of Republicans." Even Alexandria Ocasio-Cortez's plan "to slap a 70 percent marginal rate on income earned over $10 million clocked in at 59 percent," according to a recent Hill/HarrisX poll. Even worse, Liz Warren's constitutionally questionable "wealth tax" on high earners was opposed by just 20% in that same Politico/Morning Consult survey.

Politico has become increasingly shrill about its leftism in recent years, so maybe take the report with a grain or two of salt. But the current zeitgeist seems to support it.

Here's why it's sad, if true.

One of the big selling points for these confiscatory tax rates is, "Hey, rates were this high in the '50s, and we had a lot less income inequality."

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https://pjmedia.com/vodkapundit/politico-soak-the-rich-resonates-with-majority-of-americans/

[Bigun]

Of course it does! After all they have been indoctrinated to believe that for most of their lives.

[Frank Cannon]

Of course it does! After all they have been indoctrinated to believe that for most of their lives.

That's only half of it. Just look at who the rich are these days. Jamie Dimon. Mike Bloomberg. The Hollywood Left. Jeff Bezos. The punk Facebook kid. They are a despicable people with agendas over 50% of the country hate. People hate them and for good reason.

[Emjay]

That's only half of it. Just look at who the rich are these days. Jamie Dimon. Mike Bloomberg. The Hollywood Left. Jeff Bezos. The punk Facebook kid. They are a despicable people with agendas over 50% of the country hate. People hate them and for good reason.

Except for movie stars, rock stars and other idiots, most of the rich are businessmen and corporate leaders. 

Guess what, poor people... corporations are what gives jobs to the majority of Americans.  If we tax them out of business, it will only hurt working people, but that is long-range thinking ... not for democrats.

[massadvj]

With apologies to Alexis de Tocqueville:

“The American Republic will endure until the day Congress discovers that it can bribe the public with the public's billionaires' money.”