Isn’t socialism wonderful? When socialists aren’t killing people, they’re taking people’s money.
In a new 60 Minutes interview to air this coming Sunday, the brand-spanking-new Socialist Congresswoman Alexandria Ocasio-Cortez (D-NY) calls for a federal income tax rate of 70 percent to help pay for her massive “green new deal.”
The new socialist member of Congress tells Anderson Cooper that she thinks there will need to be massive tax hikes to pay for her “new green deal.” YIKES, that will probably cripple our economy. Cooper replies by commenting that her tax plan seems a bit “radical,” Alexandria Ocasio-Cortez (or AOC as she’s sometimes called) said she was happy to be called a radical. “If that’s what radical means, call me a radical,” she says.
Hey, Anderson calling AOC a radical is like calling the Pope, Catholic–no comment needed.
’60 MINUTES’ SUNDAY:
Alexandria Ocasio-Cortez suggests taxes as high as 70% on the wealthiest to pay for a “Green New Deal.”
— Steven Portnoy (@stevenportnoy) January 4, 2019
Of her absurd paean to greenism, Ocasio-Cortez reportedly tells Cooper, “That is the goal. It’s ambitious. 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?”
She adds that her plan would necessarily add “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.”
If Ocasio-Cortez actually wants people to pay their fair share of taxes then it will be the lower 50% of income earners who should pay more, at least according to 2014 IRS figures, the top 1% pays almost twice their fair share, and the lowest 50% pays less than a quarter of their fair share.
And it’s time for AOC to start believing science. According to the satellite data from the University of Alabama-Huntsville, except for the recent drastic El Nino, the earth’s temperature hasn’t changed since Bubba Clinton was being inappropriate with interns in the Oval Office. And the Arctic sea ice that was supposed to be all gone five years ago–well on the graph below, which was published at Climate Depot, we can see that in 2018 the Arctic Ice cap (blue) is significantly higher than the average of the past eleven years.
Therefore unless she really wants people to pay their fair share by reducing taxes on the top 50% and increasing it on the bottom 50%, Alexandria Ocasio-Cortez should follow the lead of most newbies in Congress and everywhere else, “shut up and listen and learn.”