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Ocasio-Cortez’s 70% Tax Proposal Is a Great Start—But We Need to ABOLISH the Ultra-Rich
In These Times ^ | January 19, 2019 | MARK ENGLER AND ANDREW ELROD

Posted on 01/19/2019 11:39:38 AM PST by GuavaCheesePuff

Ultimately, finding an optimal tax rate for the super-rich is a moral and political issue as much as an economic one.

Last week, when 60 Minutes aired an interview with newly sworn-in Rep. Alexandria Ocasio-Cortez, the freshman New York congressperson caused an uproar with what, by Washington standards, seemed a rather immodest proposal. Asked whether an expansion of public investment in green technologies would require raising taxes, she cited history.

(Excerpt) Read more at inthesetimes.com ...


TOPICS: Culture/Society; Politics/Elections
KEYWORDS: aoc; civilwarii; commiepropaganda; commietroll; communists; libtroll; ny2020; progressives
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To: laconic

I’ve been trying to tell these useful idiots for a long time. If you succeed in installing a genuine Marxist (communist) government in the U.S., you will be among the first to be destroyed, along with the professors, teachers, administrators, authors, reporters, activists, clergy, artists, poets, actors, rock stars, sports stars, corporate leaders, politicians, etc. Off to the gulags (or bullet to the back of the head) to anyone and everyone who could possibly be a threat to the regime. Basically, the wealthy, professionals, political activists (even the useful idiot class), and anyone who thinks for himself.


21 posted on 01/19/2019 12:03:26 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: GuavaCheesePuff

Occasional-Cortex should’ve gone into porn where she could get all the attention she CRAVES.


22 posted on 01/19/2019 12:03:29 PM PST by CivilWarBrewing (Get off my back for my usage of CAPS, especially you snowflake males! MAN UP!)
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To: GuavaCheesePuff

Poor people: NO problem.

Rich people: BIG problem.


23 posted on 01/19/2019 12:04:01 PM PST by SaxxonWoods (The internet has driven the world mad.)
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To: GuavaCheesePuff
I'm reminded of the story of a self made entrepreneur of the time when tax rates did top out at 90%. After earning a fortune making automobile test equipment, he suddenly decided to start an airline. The airline business was highly competitive and his startup was continuously losing money. When asked why he kept wasting money on it, he replied "why give your money to the government, when you can use it to recruit, hire, and train stewardesses."

It's a true story, and it simply points out what happens when you raise tax rates too high. You simply stop the creation of wealth, which is the engine of any economy.

24 posted on 01/19/2019 12:04:27 PM PST by norwaypinesavage (Calm down and enjoy the ride, great things are happening for our country)
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To: GuavaCheesePuff

It is not moral to over tax earners. It is immoral.

We get paid for our time, whether salaried or contracted. Taxation takes that money. In other words, taxation is taking our TIME. It is a form of slavery.


25 posted on 01/19/2019 12:05:55 PM PST by laxcoach (Government is greedy. Taxpayers who want their own money are not greedy.)
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To: GuavaCheesePuff

So when you win the lottery, and get that million dollar award, the government will keep $700,000

Then the state will take its percentage (of the million) leaving you with about $100K.


26 posted on 01/19/2019 12:05:56 PM PST by Mr. K (No consequence of repealing Obamacare is worse than Obamacare itself.)
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To: norwaypinesavage

My father told me one November, 1959? - 60? that he was taking no more work until after the New Year started. I asked why?

He said, “Who takes on the liability that comes with work to make a $1,000, when you will only keep $90 of it?

(Top rate was apparently 91%)


27 posted on 01/19/2019 12:07:45 PM PST by SaxxonWoods (The internet has driven the world mad.)
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To: GuavaCheesePuff

Start with Soros?


28 posted on 01/19/2019 12:08:08 PM PST by Reno89519 (No Amnesty! No Catch-and-Release! Just Say No to All Illegal Aliens! Arrest & Deport!)
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To: GuavaCheesePuff

As Jordan Peterson points out, anyone making more than $32,000, is among the WORLD’S one percenters.


29 posted on 01/19/2019 12:09:03 PM PST by Flaming Conservative ((Pray without ceasing))
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To: laconic
“Lets start with George Soros, Bezos, Steyer, Sergei Brin, Bill Gates - take all of their money and redistribute it so that each family can have a new pair of shoes.”

Tax the people who own the MSM the corprtist rinos. In the last election the only economic class to vote Democrat were those making over 100k and the more they made the more they voted Dem. We created a whole new generation (apparently) of rich libs by lowering their taxes. They now deserve to pay it. Make pay in taxes all of the money they are making from importing cheap labor Democrats.

30 posted on 01/19/2019 12:09:04 PM PST by amnestynone (We are asked by people who do not tolerate us to tolerate the intolerable in the name of tolerance.)
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To: Mr. K

Not exactly. The 70% is only charged against income above a certain level, not on all income.

Not that’s it’s a good idea...


31 posted on 01/19/2019 12:09:09 PM PST by SaxxonWoods (The internet has driven the world mad.)
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To: Gay State Conservative

It will get support because they will be exempt. Also I fell Soros is backing her.


32 posted on 01/19/2019 12:09:42 PM PST by LoveMyFreedom
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To: E. Pluribus Unum

“Once you have eliminated the “ultra rich,” where will you get the tax money to fund your snowflake Utopia?”

If you taxes them that hard then maybe they would change course and support conservatives instead of stabbing us in the front like rich Democrats and also stabbing us in the back like corporatist rinos are doing. Then we could repeal the taxes provided they change their ways and it wouldn’t go that far.


33 posted on 01/19/2019 12:11:59 PM PST by amnestynone (We are asked by people who do not tolerate us to tolerate the intolerable in the name of tolerance.)
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To: GuavaCheesePuff

How about we abolish the ultra stupid instead.


34 posted on 01/19/2019 12:12:18 PM PST by bramps (It's the Islam, stupid!)
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To: GuavaCheesePuff

Would there be anything wrong abolishing the ultra-left? Time to get started on that...


35 posted on 01/19/2019 12:13:15 PM PST by Libloather (Trivial Pursuit question the question?- name the first female to lose TWO presidential elections!)
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To: laconic

“Lets start with George Soros, Bezos, Steyer, Sergei Brin, Bill Gates ...”

I don’t think they have enough smarts to know they suggest fleecing the financiers of their movement.


36 posted on 01/19/2019 12:13:56 PM PST by Blue Collar Christian (Socialism is for losers.)
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To: GuavaCheesePuff
"ABOLISH the Ultra-Rich"

The ultimate result of Communism is a mountain of dead bodies.

Over 1/4 of Cambodians were executed by their Communist Government - they didn't have enough bullets to kill them all.


37 posted on 01/19/2019 12:17:44 PM PST by BeauBo
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To: E. Pluribus Unum

They’ll start at the top and then work their way down.


38 posted on 01/19/2019 12:19:57 PM PST by Keyhopper (Indians had bad immigration laws)
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To: Mouton

They do it to business as well.

In Florida and Kentucky (probably many other states also) you have to pay a tax on accounts receivable. Yep, a tax on what you have not even been paid.

Keep in mind also that AR are NOT all profit. A large portion of AR goes to paying the cost of being in business.

Think of it. Your cost of the product and providing it may be 90¢ of every dollar you get paid, yet the state makes you pay tax on your expenses and profit, then taxes your profit again when you get paid. Nice racket.

PS: You also pay an annual tax on your equipment - over and over. Your desks, computers etc ad nauseum.


39 posted on 01/19/2019 12:23:28 PM PST by ChildOfThe60s (If you can remember the 60's....You weren't really there)
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To: GuavaCheesePuff

I second the motion to abolish George Soros, Tom Steyer and Jeff Bezos.


40 posted on 01/19/2019 12:26:37 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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