Socialist Ocasio-Cortez wants 70% tax rate for the wealthy

You know she’d take 100% of taxpayer money if she had her way.

From NY Post: Newly minted Rep. Alexandria Ocasio-Cortez says tax rates for the nation’s wealthiest should increase to as much 70 percent to fund a new initiative to combat climate change — even if that means she’s labeled a “radical.”

“If that’s what radical means, call me a radical,” she said in an interview with CBS’ “60 Minutes” that will air in full on Sunday.

The New York Democrat said the tax hike would help fund the Green New Deal, which aims at eliminating carbon emissions in the US within 12 years.

“That is the goal. It’s ambitious,” she said. “It’s going to require a lot of rapid change that we don’t even conceive as possible right now. What is the problem with trying to push our technological capacities to the furthest extent possible?”

The 29-year-old said the plan could include “an element where people are going to have to start paying their fair share in taxes.”

“You know, you look at our tax rates back in the ’60s, and when you have a progressive tax rate system, your tax rate let’s say from zero to $75,000 may be 10 percent or 15 percent, etc.,” Ocasio-Cortez said.

“But once you get to the tippy-tops on your 10 millionth dollar, sometimes you see tax rates as high as 60 or 70 percent,” she continued. “That doesn’t mean all $10 million are taxed at an extremely high rate. It means that as you climb up this ladder, you should be contributing more.”

The current top tax rate is 37 percent.

When “60 Minutes” host Anderson Cooper described her ideas as a “radical agenda,” she responded, “I think that it only has ever been radicals that have changed this country.”

DCG

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Dr. Eowyn
Admin
1 year ago

Surprise! – not.

Charles H Slate
Charles H Slate
1 year ago

“… people are going to have to start paying their fair share in taxes.”
From the mouth of ANY politician the words “fair share” always mean “more”.

Dan
Dan
1 year ago

A few years ago in an unguarded moment Joe Biden admitted that sufficient taxes to pay for the Dems’ socialist agenda would (base-wise) have to fall on the middle class rich, which I recall he defined as any family making over $125k. Now this little monster Ocasio has been coached to spew Marxist rhetoric smelling like the so-called Buffet-Obama Rule, blowing smoke in our eyes with talk about fiscally insignificant marginal tax rates on incomes way into the millions while leaving the unmerited rentier wealth of her backers untouched. If she were talking about the “people” clawing back the accumulated… Read more »

Alma
Alma
1 year ago

The more this unqualified newcomer opens her mouth the less she will be in Congress when her time comes up. She graduated just like the first negro President and his It partner.

TrailDust
Admin
1 year ago

How does a psychopath like her get elected if not by fraud?

Lophatt
Lophatt
1 year ago
Reply to  DCG

Yes, and the “working class girl” schtick is phony as hell: https://www.thegatewaypundit.com/2019/01/exclusive-photos-of-alexandria-ocasio-cortez-or-sandy-as-she-was-known-at-her-elite-high-school-in-yorktown-not-in-the-bronx/ They are all pathological liars. They sell make believe to idiots. Just look at the current crop. The Repugs have their problems too. They look pretty good though, compared to this band of lunatics and tools. I don’t know what to make of Trump putting up with this. I know that many don’t think the Presidency is powerful enough to put the brakes on stuff like this. But I do. If he can’t we’re in worse trouble than even I think. Imagine having virtually unlimited power due to… Read more »

Steven Broiles
1 year ago
Reply to  TrailDust

It has been reported that the Dems took the House via nation-wide voter fraud this past election. The GOP, which had previously announced it would no longer be held to its some-20 year agreement not to contest this issue, folded like a cheap suit. So Occasional-Cortex is not the only fraud out there. But this is my concern: She’s so outspoken, she may turn out to be a sleeper. She’ll be all mouth for a couple of terms, then—BANG!—she’s onto higher office. Mark My Words: We may be witnessing the next Hillary Clinton here. I sure as hell hope not,… Read more »

Hawkmoon
Hawkmoon
1 year ago

The billionaire Democrat/Bolshevik/Liberals would not like that……………

marble
marble
1 year ago

First term representatives excluded. Dream big!

Lophatt
Lophatt
1 year ago

comment image

Jim Campbell
1 year ago

Does this vapid Marxist bitch not know that under Trump the poor are now paying 3% federal income tax?

She is going to be a bigger problem for her own party than she ever will be to us.

Steven Broiles
1 year ago

First of all, I cannot understand why Ocasio-Cortes was even elected or allowed to run: The Constitution specifically states that a representative must be at least 30 years old to be elected. But who follows that “g–d—ed piece of paper,” as George W. Bush called it? Ocasio-Cortes is, like her comrades-in-arms Bernie Sanders and Nancy Pelosi, an extremely dangerous politician. She could turn out to be a real sleeper who will wield tremendous influence once Pelosi is gone. (And MENTALLY, Pelosi is by and large already gone). Ocasio-Cortes is a phony to the BONE, and she very well could try… Read more »

Hawkmoon
Hawkmoon
1 year ago

This phony dumb as a rock liberal/communist bears the name of a hated marrano conquistador!

Cortez The Killer
https://www.youtube.com/watch?v=m-b76yiqO1E

YouKnowWho
YouKnowWho
1 year ago

All taxes are paid by individuals. Corporations do not pay taxes. Any taxes corporations pay are simply passed on to the consumers of their products and services. Same basically goes for any business, large or small. Bottom line, YOU and I pay all of the taxes.
The politicians know this and continue to promote the Corporate & Business tax scam so that the average American Citizen won’t realize that their real tax rate is between 50~75%. In the meantime they’re spending my money and yours like a only drunken sailor could hope to.

Lophatt
Lophatt
1 year ago
Reply to  YouKnowWho

You are, of course, absolutely correct. It’s surprising how few can grasp this concept. Their “gotcha” just turns around and bites ’em.

Hawkmoon
Hawkmoon
1 year ago
Reply to  YouKnowWho

Carbon Taxes being a perfect example of that. All energy costs passed on to the users. Wonder how enthusiastic people would be to protect the planet (sarcasm) when their energy costs to drive their vehicles, heat & cool their homes and businesses skyrocket.

Dan
Dan
1 year ago
Reply to  Hawkmoon

Don’t forget that the “greenhouse gases” she’s blathering on about include the methane produced by all kinds of livestock, but mainly beef and dairy cows. The plan is to tax beef and dairy products consumption nearly out of existence and make poultry a rare luxury—all part of the plan to cull most of humanity and control the rest in part by dietary restrictions. Behind cutesy Sandy are the powers funding the climate change hoax, such as the Rockefeller Foundation, as well as their front men like the faux outdoorsman Bill McKibben, who was moved near Middlebury College and paid a… Read more »

evh
evh
1 year ago

I love the way this nit wit said we have to use our technological capacities. Is she too dumb to know that under democratic socialism that’s one of the first things to go? Research also comes to a halt when they run out of other peoples’ money. Don’t worry about the rich paying 70%. They are rich. They will leave the country before they get robbed. It’s the middle class ,who are working to make a decent living, who will bear the brunt of the taxes. They will try to tax every dollar in our wallets.

Lophatt
Lophatt
1 year ago

But NOOOO! That’s not how it’s SUPPOSED to be!:

https://www.youtube.com/watch?v=JqowmHgxVJQ

Watertender
Watertender
1 year ago

In her twisted logic she is for the same distribution of wealth as other Socialist types. Let the rich pay so the “poor” (read freeloaders not wanting to work) can live in a lifestyle they have become accustomed to. My wife and I are not wealthy but we have a decent lifestyle that we have worked to attain. We have paid our own way all of our lives. Sadly Ocasio-Cortez will win that district as long as she runs… With morons like her we are SCREWED

Sheeky
Sheeky
1 year ago

Don’t look now but all the green technologies rely on fossil fuels to produce, transport, operate, manage, and reclaim (ie electric batteries)….usually at a higher rate of usage than ‘non-green’, causing excessive pollution

Carmen
Carmen
1 year ago

That brain dead, donkey smiling O’Ocasio will be making $176,000.00 in her first year. I want 70% of her pay check. Wait until she is offered kick backs, inside trading, special interest leftist groups, and Ovomit/Soros bribes for special deals. Another phoney goes to Hollywood.

CalGirl
CalGirl
1 year ago

Her advent into political “power” shows dually that, if you do not know history, you will be doomed to repeat it: meaning…..neither her voters nor she understands that socialism has never been a successful model anywhere in the world, & has not only failed—but wrought great suffering upon the very people whom it was supposed to benefit…& by suffering, I mean, starvation and death….even as we speak in this moment, today in worldly examples. The second part of NOT understanding history is…that, if you tax the most rich of your country( the “tippy top”) at 70%….they will leave and take… Read more »