Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The super rich at Davos are scared of Alexandria Ocasio-Cortez's proposal to hike taxes [tr]
CNBC ^ | January 22, 2019 | Hugh Son and Brian Schwartz

Posted on 01/22/2019 8:26:42 AM PST by C19fan

The elite financiers attending Davos are worried about the 70 percent tax rate on earnings above $10 million proposed by freshman Rep. Alexandria Ocasio-Cortez, D-N.Y.

"It's scary," Scott Minerd, global chief investment officer for $265 billion Guggenheim Partners, said in an interview on the sidelines of the World Economic Forum in Davos, Switzerland.

"By the time we get to the presidential election this is going to gain more momentum," said Minerd, who added that he would probably be personally impacted by it. "And I think the likelihood that a 70 percent tax rate, or something like that, becomes policy is actually very real."

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


TOPICS: Business/Economy; Culture/Society; US: New York; US: Vermont
KEYWORDS: berniesanders; brianschwartz; cnbc; davos; dnctalkingpoint; dnctalkingpoints; guggenheimpartners; hughson; mediawingofthednc; msnbc; nbc; newyork; nobrainscollectively; ocasiocortez; partisanmediashills; presstitutes; rentfree; rich; scottminerd; smearmachine; switzerland; taxes; vermont
Navigation: use the links below to view more comments.
first 1-2021-4041-48 next last
Dr. Frankstein meet your creation. The policies these people have advocated and implemented for 30 years have created AOC and now they are scared. Frankly, if the Davos crowd does not like this proposal that sounds like the best endorsement of the idea I have heard.
1 posted on 01/22/2019 8:26:42 AM PST by C19fan
[ Post Reply | Private Reply | View Replies]

To: C19fan

They should love her!................................


2 posted on 01/22/2019 8:28:22 AM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

“Dr. Frankstein meet your creation. The policies these people have advocated and implemented for 30 years have created AOC and now they are scared.”

The silver lining!


3 posted on 01/22/2019 8:28:45 AM PST by brownsfan (Behold, the power of government cheese.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

The Cabal should be more worried about Trump taking down the worlds central banks and seizing their assets.


4 posted on 01/22/2019 8:28:55 AM PST by diverteach (If I find liberals in heaven after my death.....I WILL BE PISSED!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

Why should they be..?

They’re rich enough to hire the experts who via math wizardry and conjuring up overseas accounts will TOTALLY insulate the rich and clever from the ground-truth effects of the tax.

The truly rich NEVER end up paying such taxes.


5 posted on 01/22/2019 8:29:18 AM PST by gaijin
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan
"Dr. Frankstein meet your creation"

....EXACTLY!!!

6 posted on 01/22/2019 8:30:33 AM PST by RoseofTexas
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

We ALL should be scared when the government talks about increasing taxes.


7 posted on 01/22/2019 8:30:44 AM PST by taxcontrol
[ Post Reply | Private Reply | To 1 | View Replies]

Davos is the one place and time where I wish there was a mass casualty terrorist attack. The world would be a better place if someone deployed a neutron bomb there.


8 posted on 01/22/2019 8:31:56 AM PST by C19fan
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

If she can steal money from the Rich she’ll be back later for what ever the poor have left but with no Rich there’ll be no jobs for the poor


9 posted on 01/22/2019 8:31:58 AM PST by butlerweave
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

Davos is a gathering of a bunch of H1-B loving jerks. Anything they don’t like I probably approve of. H1-B has been like a 70% tax on me and other American high tech workers.


10 posted on 01/22/2019 8:32:02 AM PST by coon2000 (Give me Liberty or give me death)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

“Making the rich pay their fair share.” Remember that slogan from the left. It was all talk, and it was never going to be a policy they would ever implement. Now AOC and the Young Socialist Guns want all that talk to become reality. Oh oh! The RATs created this moron and millions like her. The RAT leadership never thought they would be called to the mat by their own party!


11 posted on 01/22/2019 8:35:03 AM PST by dowcaet
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

This a lie put out for public consumption.

AOC is talking about a confiscatory INCOME tax. The wealthy can and do structure their income to avoid it. The middle class, however, is screwed.

If AOC were serious, she’d be talking about a confiscatory WEALTH tax.

But since she’s not, the wealthy aren’t worried.


12 posted on 01/22/2019 8:36:49 AM PST by mewzilla (Break out the mustard seeds.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KC_Lion

Ping.


13 posted on 01/22/2019 8:37:08 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

No they aren’t.


14 posted on 01/22/2019 8:37:25 AM PST by SaxxonWoods (The internet has driven the world mad.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan
rich people will simply figure out ways to shelter their income, and that will be a drag on productivity, Minerd said.

High tax rates for the rich is a bad idea, and that's why. That's the only statement the Davos men can make that could possibly help their cause - and even that's not a strong possibility; the best thing they could do for themselves is probably to STFU.

15 posted on 01/22/2019 8:38:21 AM PST by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...
They aren't frightened. In before the "rentfree" keywords.

16 posted on 01/22/2019 8:39:01 AM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
[ Post Reply | Private Reply | View Replies]

To: C19fan

Funny we don’t hear Hollywood cheering AOC on for increasing THEIR taxes.

Gee, I wonder why that is?


17 posted on 01/22/2019 8:39:25 AM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mewzilla
If AOC were serious, she’d be talking about a confiscatory WEALTH tax.

Good point.

18 posted on 01/22/2019 8:40:26 AM PST by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
[ Post Reply | Private Reply | To 12 | View Replies]

To: C19fan

Give it a rest.

What theater from the left. These men and women own the government. They are so far above criticism, no can touch them.


19 posted on 01/22/2019 8:40:57 AM PST by OpusatFR
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan; Red Badger; Gamecock; SaveFerris; PROCON
"It's scary," Scott Minerd, global chief investment officer for $265 billion Guggenheim Partners

He'll have to put off that next addition to the Guggenheim.

20 posted on 01/22/2019 8:41:39 AM PST by Larry Lucido
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-48 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson