Posted on 07/28/2018 6:58:31 AM PDT by Kaslin
Rising Democratic socialist star Alexandria Ocasio-Cortez explained to Trevor Noah on “The Daily Show” Thursday how she planned to pay for the ideas that she campaigned on in her stunning primary defeat over fourth-ranking House Democrat Joe Crowley (NY).
After Ocasio-Cortez went through the main things she wants government to pay for, including Medicare for all and education, Noah brought up the more practical side of things.
“You always see people coming in with economic arguments, and they say, look, these numbers don’t really add up,” he argued. “You know, in order to get healthcare for everybody, this is what it would cost. That’s going to be troubling. Even if you reverse the Republican tax deal, that’s only going to make up 5% of what we need to pay for Medicare for all. How do you pay for education- how do you pay for all these ideas?”
Ocasio-Cortez responded first by saying she had “sat down with a Nobel Prize economist last week,” laughing, “I can't believe I can say that, it's really weird.”
A meeting with a Nobel Prize economist was likely warranted given that Ocasio-Cortez faced intense criticism for getting basic facts about the unemployment rate wrong in a PBS interview earlier this month. She later tried to walk back her remarks.
However, having met with this prize-winning economist, Ocasio-Cortez presented a plan for getting money for her proposals, arguing first for raising the corporate tax rate.
“One of the things that we saw is, if people pay their fair share,” she said, “if corporations and the ultra-wealthy -- for example, as Warren Buffett likes to say, if he paid as much as his secretary pays, 15 percent -- if he paid a 15 percent tax rate; if corporations paid -- if we reverse the tax bill, but raised our corporate tax rate to 28 percent, which is not even as high as it was before, if we do those two things and also close some of those loopholes, that's $2 trillion right there.”
“That's $2 trillion in ten years, and it's -- one of the wide estimates is that it's going to take $3 trillion to $4 trillion to transition us to 100 percent renewable energy economy,” she continued. “So we got $2 trillion from folks paying their fair share, which they were not paying before the Trump tax bill. They weren't -- like they weren't paying that before the Trump tax bill. If we get people to pay their fair share, that's $2 trillion in ten years.”
She then argued for implementing a carbon tax claiming that would make “a large amount of revenue.”
“Now, if we implement a carbon tax on top of that so that we can transition and financially incentivize people away from fossil fuels,” she said, “if we implement a carbon tax, that's an additional amount of a large amount of revenue that we can have.”
She concluded by calling for a “reprioritization” of funds away from defense spending.
“The last key, which is extremely, extremely important, is reprioritization,” she argued. “Just last year we gave the military a $700 billion budget increase, which they didn't even ask for! They're, like, we don't want another fighter jet! They're, like, don't give us another nuclear bomb, you know? They didn't even ask for it and we gave it to them. And so a lot of what we need to do reprioritize what we want accomplish as a nation.”
“That is a decision that requires political and moral courage from both parts of the aisle,” she emphasized.
“Every day she self-immolates by treating American politics like a barmaid. It’s high time she went back behind that bar and leave the politics for those will the intellectual wherewithal to take it seriously.”
And it’s really saying something when she can’t even meet that bar, when we have the likes of Hank “Tip” Johnson and Shelia Jackson Lee there.
I wager it takes a *long* time before windmills pay for themselves.
They never do. Expensive to build, install AND maintain.
The Swedish individual income tax rate is in that range and it starts at a very low level.
They have two brackets 30% and 60% plus 30% SS/Med.
A 28 year old airhead; she fits the socialist dems perfectly as their new "face".
Boy, she really spells out the many many ways she wants to take OUR money from us...
So that SHE can have it to buy votes with.
Unless you are pc bulletproof.
Alexandria Ocasio-Cortez.. just ANOTHER politician WITHOUT a BRAIN.
She stole tips from others she will steal again!
“it’s like you know like” is considered persuasive language in the world of millennials.
She is a babbling idiot regurgitating the lies of her Marxist professors.
What’s wrong with that?
Dear Miss 28 year old bartender who lived with Mommy until she was 26, please tell me what is your fair share of what I have worked for and earned?
You are 100% correct. there are hundreds of thousands, if not millions of American, Latinos & Hispanics that love America, USA, & Donald J. Trump. Remember the Hispanic/Latino impact in the USA is very long & massive, in our history. Puerto Ricans, Mexicans, Cubans have long been a lasting fabric of the American nation as loyal, devoted, “Citizens”!!!
How? How? How is this possible?
(from her Wiki page) “She graduated fourth in forth in her class from Boston University’s College of Arts and Sciences in 2011 with a bachelor’s degree in economics and international relations.”
How is this possible?
There are way too many of these younguns with no brain nor sense... how did she get elected? Who are her voters? New yorkers cant be that far out there in never-land..
She thinks she has arrived.. mercy, her kind with power scare me.
There was a time when all immigrants (and they were legal) clamored to become Americans in their new, purposely chosen home. No one minded if they remained proud of their heritage, whether that was Irish, English, Polish, Greek, Spanish, Mexican, Chinese, Indian (either dot or feather), etc. But it was understood that their identity as Americans had to be the first priority.
The left’s decision to use identity politics as a vote-getter changed that forever, I’m afraid, and now all those who want something for nothing find their “identity” as “victims” somehow of the white Anglo majority males (who did after all found this nation, and they founded a good, an exceptional nation) useful.
I’m sure he was told to ask that, and that the commie was supposed to be able to hit it out of the park.
“One of the things that we saw is, if people pay their fair share,” she said, “if corporations and the ultra-wealthy — for example, as Warren Buffett likes to say, if he paid as much as his secretary pays, 15 percent — if he paid a 15 percent tax rate; if corporations paid — if we reverse the tax bill, but raised our corporate tax rate to 28 percent, which is not even as high as it was before, if we do those two things and also close some of those loopholes, that’s $2 trillion right there.”
“pay their fair share” = Leftist speak for “wealth redistribution”.
> I’m sure he was told to ask that, and that the commie was supposed to be able to hit it out of the park. <
Well, then it was a swing and a miss. If you’ve got a moment, take a look at my post #22.
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