Posted on 01/19/2019 12:30:00 PM PST by BlackFemaleArmyColonel
Earlier this month, Alexandria Ocasio-Cortez went on national television and said that the United States should tax incomes above $10 million at a 70 percent rate.
In response, some centrist pundits pronounced the Democratic Party dead by political suicide: National Journal reporter Josh Kraushaar argued that, while congresswoman Rashida Tlaib’s profane call for Trump’s impeachment was getting more attention, Ocasio-Cortez “calling for a 70 percent tax rate on the nation’s most-watched news show a whole lot more politically damaging for Ds.”
There was never much evidence for this assessment. In public opinion polls, raising taxes on the rich consistently ranks as one of the most popular ideas in American politics. Moreover, political-science research suggests that the American people’s resentment of the wealthy is bitter and deep — and, in the not-too-distant past, Democrats succeeded in leveraging such resentment for political gain.
Meanwhile, as far as plans for class war go, Ocasio-Cortez’s was more “Jimmy Carter” than “Jacobin.” As recently as 1980, the U.S. taxed all incomes above $216,000 (or $658,213 in today’s dollars) at 70 percent rate. And recent research on optimal taxation has suggested that the ideal top marginal rate might be closer to 80 percent.
These facts led certain bloggers to describe the congresswoman’s idea as a “moderate policy.” And now, a new poll has confirmed that such bloggers are, in fact, profoundly wise.
Over the weekend, pollsters from the Hill–HarrisX asked voters, “Would you favor or oppose a tax proposal that would apply a 70% rate to the 10 millionth dollar and beyond for individuals making $10 million a year or more in reportable income?” — and 59 percent said yes.
(Excerpt) Read more at nymag.com ...
Are people insane???
Hill–HarrisX??? who the F are these people??
What majority? Don’t believe this.
The poll was probably taken at the bar she worked at.
It’s just a lying “media” lying for Democrats.
They’re trying to cover for this error in picking this moron.
You start taking 70% of most Democrat’s pay and they’ll start to wake up. Most of them.
They’ll lie about anything up to the point of reality hitting.
Polls can be manipulated to show whatever result they are trying to achieve. It is time to quit paying attention to polls. They are all biased towards the objective of the people taking the poll.
NY Mag? Fake news.
already been done before.
Many in the mob would likely agree it was fine with them.
Don’t cry for me Venezuela!
Our leftists want to eat cats, too.
I doubt this poll. You cannot believe any poll anymore, even with the internals. Polls are no longer done to see what people thing but are done to influence the public. They are as worthless and the fake news that emanates from the MSM.
Subtract poverty level ($20k) then flat tax the rest at 70%
Are they STILL eager for such a looting
“Don’t tax you, don’t tax me, tax that fellow behind the tree.”
What is the top rate now? Something near 40%. So raise it and all other rates 30%, even those paying zero, and ask the same question then. My guess it will show the hipocracy.
Poll: 100% respondents agree. Polls are bunk.
Our leftists want to eat cats, too.
No. Our leftists want to eat YOUR cat ...
As I’ve posted before, most of the Super-Wealth are TRUMP HATERS, which means they also hate us. So as far as I’m concerned, they DESERVE a 70% income tax rate and they can take their complaints to the party they love and finance, which is the DEMOCRAT PARTY.
I’m sick of carrying the water the wealthy spoiled brats.
It’s a great incentive for people to become LESS productive, and hide more “under the table” income.
I think if I was earning 10-million a year, I could learn to “get by” on 3 million if I had to.
More “offshore” bank accounts, companies moving back, off-shore again for tax breaks.
The little twit is a gimmedat liberal, adhering to obamas “at some point you’ve made enough money) theory .
Meanwhile, is she still looking for a sugar daddy to pay her DC rent?
No. It’s BS.
And they wonder why people break the law to avoid their looting.
F**K YOU AOC!
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.