The World Reacts to AOC’s Crazy Tax Increase Plan
Opinion by Peter Suciu
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22h
Critics of New York Democratic-Socialist Alexandria Ocasio-Cortez, or AOC, contend that she's a fraud, a phony who doesn't really come from as humble an upbringing as she maintains – and that it is in contrast to her "tax the rich" mantra. There are claims that she's a privileged millennial, even a fraud and hypocrite.
The truth is that she may very likely believe what she says, but is simply not an economist – and perhaps her basic math skills aren't all that good either.
Like many of her lefty Democratic Socialist comrades, she's not content to just target the vile "1 percent" any longer. In the past, she had led the call for a tax on wealth to decrease inequality, and last month she pushed to tax the top five percent earners in New York State. She made the call as part of an effort to support immigrants and asylum seekers, arguing that "the richest New Yorkers have grown their wealth since the pandemic, and it's past time they pay their fair share."
Those high-earners could see their New York State taxes increase to as high as 7.5 percent – and that is in addition to any federal taxes.
https://www.msn.com/en-us/news/opinion/the-world-reacts-to-aoc-s-crazy-tax-increase-plan/ar-AA1hQ6hN?ocid=msedgntp&cvid=9a7697b137a84a819c73136adbf5c694&ei=50
