Alexandria Ocasio-Cortez floats 70% tax on wealthy to pay for ‘Green New Deal’ – IOTW Report

Alexandria Ocasio-Cortez floats 70% tax on wealthy to pay for ‘Green New Deal’

CNBC-
  • Rep. Alexandria Ocasio-Cortez says people would need to “start paying their fair share in taxes” to underwrite her “Green New Deal.”
  • The freshman congresswoman suggested the tax rate for the wealthiest Americans could be set at 60-70 percent.
  • The “Green New Deal” includes generating all of the nation’s power from renewable sources and eliminating industrial greenhouse gas emissions.

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

“But once you get to, like, the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60 or 70 percent. 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.”

~~~~~~~

Tippy tops.

36 Comments on Alexandria Ocasio-Cortez floats 70% tax on wealthy to pay for ‘Green New Deal’

  1. That is the problem with the ding bat socialists (free everything!) in the dem party. Even Obama and Kankles know you can’t actually kill the golden goose. What do you think will happen to the economy when S-Corp business partners are suddenly having to pay 70% plus state/local taxes?! Socialism – everyone is equal with nothing.

    8
  2. Cortez is going to be the gift that will keep giving long after Nancy up and dies. But she has to do something about those Manson Lamp eyes.

    Now, if she would do something with her hair, get a boob job and do her thing in a slinky red dress then we could enjoy the show for the next 10 years.

    8
  3. With the press this bint is giving herself she’s a shoo-in for higher office in the fast rising democrat socialist party. We may laugh but it should be a stark warning of things to come.

    18
  4. For chrissakes, you loony bitch, don’t compare yourself to me!

    You and Eleanor both have matching sloppy-horse-choppers…she’s your gal. Now be off with you.

    12
  5. …has anyone told this genius that, as of her “election”, she has JOINED “The Wealthy”?

    …based on her response to being asked that “give up your salary for the shutdown” question, I’m guessing that the prospect of giving up 70% of HER money would likely have some actual IMPACT on what little mind she has for it to land on.

    …it stops being funny when it starts being YOU, honey…

    8
  6. She’s a star as long as she doesn’t open her mouth and reveal the shallowness of what she thinks are radical ideas.

    She admitted that rushing to 100% renewables would be socially and economically wrenching, but passed that off as just a minor side effect of her wonderful ideas.

    The interviewer just accepted her sophomoric platitudes without follow ups. And the talking heads back in the studio all nodded in unison about her stardom and radical brilliance.

    11
  7. …and here’s this problem with confiscatory taxes. You may get that money…

    ONCE.

    After THAT, well, rich folks have OPTIONS, yo?

    Put another way,

    One day in a bleak, dark future, lets say Cortez GETS that tax increase. They go to “the wealthy”, say “you guys need to pony up for the good of the Planet”, and take 70% of “the wealthy’s” money.

    Pretending for the moment that it isn’t all stolen by Democrat corruption, in Year 1 they begin building lofty Government buildings, opening massive Government bureaucracies, and hire umpteen thousands of idealistic millennials to staff them.

    Then year 2 rolls around.

    They go to the wealthy, and say, “Hey, where’d all you guys go? What do you MEAN, “Tax Exile in Monaco”?

    See? Options.

    …I’ve also heard it said that some people are SMART with money, and some people are STUPID with money, and that if you were to take ALL the money from the smart people and give it to the stupid people, the smart people would have it all back, and more, within a year.

    Maybe by being “green” contractors and Democrat apparatchiks, in this case.

    …one way or another, your crap will NOT work. It never has, and never will.

    The only question is, how many millions will have to die in THIS attempt. The only REAL consistency in the implementation of Communism, is that it kills LOTS of people, and then STILL doesn’t work…

    14
  8. Somethings not right when they try to do that to us. I can’t vote for or against the fools, yet their stupidity affects me and mine. Someone above suggested war is coming. Maybe so, but some timely use of rope and a lamppost might stay that event for a time.

    7
  9. Somebody should ask her to lead the way by example and how she would feel about that.
    Let’s see buck tooth, what’s 70% of 170,000? I’m waiting.
    Also they won’t stop with the rich, it’s the middle class they want.
    The poor pay no income tax now in fact get money back they did not pay in.

    9
  10. If she were to ask the IRS for the breakdown of the number of people in each taxable income decile and run a few numbers, she would realize that her tax proposal wouldn’t come anywhere close to paying for even 10% of the cost of her spending proposals.

    Not only will she NEVER do that, she isn’t smart enough even to understand the concept behind the question.

    And as she ducks this one, hit her with “dynamic scoring”.

    At the very least, people who come in contact with her should repeat to her over and over and over, “When you increase taxes it changes people’s behavior, and not in a way you would like.”

    11
  11. Lot of talk here but not much will change. Duped trad-con white boys will still answer the “Man Up!” call and overburden themselves and give their lives over to their enemy’s causes. Just watch. 60 hours a week, 50 weeks a year for 45 years is what ‘real men’ will work. Most of it goes to paying for leftist horseshit.

    1
  12. Just like with Senator Obama, who is the puppet-master with his hand up her ass and making her mouth move?

    You know damn well this googly-eyed, buck-tooth bitch isn’t dragging these hair-brained ideas out of her own empty head.

    Get back behind the bar, honey, and make me a strawberry daiquiri.

    7
  13. If she gets her way, unless there’s some loophole in the tax code Barack Hussein O, the man who endorsed her, will be one of those “tippy tops”. Tax increases don’t play favorites, you moron.

    3
  14. Sounds like she spent more time on “international relations” in the back seat of a Prius than she did in the classroom.

    AOC’s bj is likely a “bite job.” Ouuuch!

    2

Comments are closed.