Posted on 01/04/2019 8:53:52 AM PST by Sub-Driver
Alexandria Ocasio-Cortez Suggests Super Wealthy be Taxed Up to 70% to Fund ‘Green New Deal’
by Colby Hall | Jan 4th, 2019, 8:13 am
Rep. Alexandria Ocasio-Cortez sat with Anderson Cooper for an upcoming 60 Minutes interview set to air this Sunday, a portion of which has been released as a promotion. In the released segment, Ocasio-Cortez reveals how exactly she suggests paying for the environmental agenda known as the “Green New Deal” — with remarkably higher tax rates for the super wealthy.
Ocasio-Cortez suggests in the clip that in her esteem, people should be doing more to pay their “fair share.” When Cooper pressed on how she could possibly pay for the deal, she pointed to the progressive tax rate system in the 1960s, explaining that if you earn 0 to $75,000 a year, you would only pay 10% or 15% in income tax.
She continued:
“But once you get to the tippie tops, on your $10 millionth, sometimes you see tax rates as high as 60% or 70%. That doesn’t mean all $10 million are taxed at an extremely high rate. But it means that as you climb up this ladder, you should be contributing more.”
Cooper replied that she was proposing a “radical agenda.”
“If that’s what radical means, call me a radical,” she said.
(Excerpt) Read more at mediaite.com ...
Think about the young polar bears who are children!!!
Note to Occasional Cortex: When you add up federal state income, Medicare, Social Security, state income, property, sales, license, and more taxes, they already are!
To piggy back on your post.
Citizens of Puerto Rico do not pay Federal income tax, so they do not get to vote in Federal elections.
It seems that “no taxation without representation” also means “no representation without taxation”
It’s already being done, it’s legal, take it nation-wide. Net contributors can vote, net takers cannot.
Did part III every come out?
Thanks for the review, I had forgotten about this. Good to be reminded from time to time.
Hell, why not 99.999% income tax, sweets? Heck, why not 105%?
I do not believe so.
stalin had a ‘green new deal’ -— the millions of corpses mouldering in the death pits of his gulags
I see ‘evolution in action’ likely for this arrogant and stupid leftist/neo-commie
Hey stoopid valley girl, you tax wealthy folks like that and just like wealthy are leaving N.Y., N.J., Calif., etc due to high taxes, you tax America’s rich like that and they all will move to another less stoopid country.
and to think, this is the NEW thing the dems have to offer?
Tax Hollywood 90%.
Trump is absolutely getting re-relected.
Let me tell you how it will be
There's one for you, nineteen for me
‘Cause I'm the taxman, yeah, I'm the taxman
Should five per cent appear too small
Be thankful I don't take it all
‘Cause I'm the taxman, yeah I'm the taxman
If you drive a car, I'll tax the street,
If you try to sit, I'll tax your seat.
If you get too cold I'll tax the heat,
If you take a walk, I'll tax your feet.
Don't ask me what I want it for
If you don't want to pay some more
‘Cause I'm the taxman, yeah, I'm the taxman
Now my advice for those who die
Declare the pennies on your eyes
‘Cause I'm the taxman, yeah, I'm the taxman
And you're working for no one but me.
I like Alexandria Occasional-Cortex, myself.
That was my thought as well, thanks for the reply.
Why stop there? How about giving anyone with bank accounts above a certain amount a ‘haircut’? Get the banks’ cooperation (possibly, not legal because I thought that was private information) by giving them a percentage of the spoils. Prevent the cash from going missing by only allowing limited transactions of the account holders, and limit the amount of wealth that an individual can have in precious metals, too. Of course, the rich politicians that make all the rules will have their accounts off shore where they still have some level of privacy and protection from this govt. sponsored extortion.
Sounds like a GOOD plan!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.