AOC wants 70% tax on wealthy

[Austin_Bill]

AND 10 - 15% for everyone up to 75K
Hmmm
"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.”

Cooper replied that she was proposing a “radical agenda.”

“If that’s what radical means, call me a radical,” she said.
Alexandria Ocasio-Cortez Suggests Super Wealthy be Taxed Up to 70% to Fund ‘Green New Deal’

Wonder what Cooper thought of paying 70%?

All that will happen is every corporation will move their headquarters out of the country and every rich person will move their wealth out of the country. The only people paying those taxes are middle class who would then become poor and the poor who would be living off the government. Not sure there would be job growth or anyone willing to work when it's easier to just be a bum and live off the government and play video games.

I know they will need to triple or quadruple their IRS because no one will be willing to pay those taxes.

What will end up happening is the super rich friends of the DNC will get a pass on Taxes and the rest of us will be paying them.

 

[Joe Fan]

 

[mchammer]

If AOC wants 70% tax on wealthy, is that not a form of slavery? If 100% is full slavery, then 70% is too close.

 

[mchammer]