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2019-01-04 Home Front: Politix

Alexandria Ocasio-Cortez Suggests Super Wealthy be Taxed Up to 70% to Fund ‘Green New Deal'

[Mediaite] 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."

"tippie-tops" - from our Economic Genius™
Cooper replied that she was proposing a "radical agenda."
"If that's what radical means, call me a radical," she said.
Or a ~~Socialist~~ Commie Moron

Posted by Frank G 2019-01-04 11:22|| || Front Page|| [11135 views ] Top
File under: Commies

#1 For some reason Cortez reminds me of the old saying that the most dangerous thing in the world is a second lieutenant with a map and a compass. Except she doesn't have a map. Or a compass.

Posted by Matt 2019-01-04 13:36|| 2019-01-04 13:36|| Front Page Top

#2 Since the super-wealthy are mostly Democrats I'm fine with that.

Posted by ruprecht 2019-01-04 16:24|| 2019-01-04 16:24|| Front Page Top

#3 And guess how many of those wealthy people can make it mobile so it goes outside the US? And how many that can afford good accountants that makes it look like they only make a few hundred thousand?

And how many of those millionaires in the Valley which are really middle class in that area will not cry and scream? And how many of the actual middle class will pick up the tab like usual as they get screwed by the elite?

Posted by DarthVader 2019-01-04 16:49|| 2019-01-04 16:49|| Front Page Top

#4 Contributing more at the point of a gun.

Posted by Slolutle Cloluse3142 2019-01-04 16:51|| 2019-01-04 16:51|| Front Page Top

#5 Yesterday I saw a graphic that said half of Congress is millionaires, while only 1% of the rest of the country is/are millionaires. But, as Mr. Vader notes, (#3) once you get into that tax bracket, you have a lot of choices.

Posted by Bobby 2019-01-04 16:53|| 2019-01-04 16:53|| Front Page Top

#6 Yeah, and tax 90% of the trust funds. Yeah! Power to the ~~People~~ Demoncrats. Then everyone will be poor but equal.

Posted by Alaska Paul 2019-01-04 16:56|| 2019-01-04 16:56|| Front Page Top

#7 Just put a 10% property tax on homes over $1 million. Or maybe 50%.

Posted by Anguper Hupomosing9418 2019-01-04 17:47|| 2019-01-04 17:47|| Front Page Top

#8 Well, she has good company with Willy Sutton. When asked why he robbed banks, he's alleged to have said, that's where the money is.

Posted by Procopius2k 2019-01-04 17:52|| 2019-01-04 17:52|| Front Page Top

#9 I'd tax the unimproved value of land, (or the full cost of the land and bundled rebuilding insurance) at around 8% and return it back as an adult dividend like the Alaska Oil revenue is (oh and scrap SNAP benefits etc).

Posted by Bright Pebbles 2019-01-04 17:56|| 2019-01-04 17:56|| Front Page Top

#10 #7 - or just deny tax write offs for interest on mortgages over 1 million.

Posted by Procopius2k 2019-01-04 18:33|| 2019-01-04 18:33|| Front Page Top

#11 Congrats @BrightPebbles - you just bankrupted every farm in the United States.

Posted by Bill Gurly-Brown9832 2019-01-04 18:36|| 2019-01-04 18:36|| Front Page Top

#12 Start with the College Endowments

Posted by Frank G 2019-01-04 19:02|| 2019-01-04 19:02|| Front Page Top

#13 1,000% tax on campaign contributions for both parties.

Posted by DarthVader 2019-01-04 19:10|| 2019-01-04 19:10|| Front Page Top

#14 Farmland has a very ow value. So not so. If you like you could exempt it (except residential) as it makes very little value to the total raised.

Posted by Bright Pebbles 2019-01-04 21:57|| 2019-01-04 21:57|| Front Page Top

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