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Catchy isn’t it “the tippy top tax”. Newly minted congressperson Alexandria Cortez says what’s old is new and it works .
Rep. Alexandria Ocasio-Cortez drew attention Friday for suggesting that the wealthiest Americans ought to pay a marginal tax rate of as high as 70% in order to fund a “Green New Deal.”
The freshly seated Democratic congresswoman from New York City noted there is historical precedent for a high tax rate for the superwealthy, as she said the following:
‘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 $0 to $75,000 may be 10% or 15%, etc. But once you get to the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60% or 70%.’
Rep. Alexandria Ocasio-Cortez
That is great at least she’s really really thinking about how to fund her proposed 30 to 40 trillion worth of free stuff over the next ten years. But I think she hasn’t dug deep enough ,why not retro tax the super rich ? Take Nancy Pelosi for example ,her estimated worth is somewhere around 228 million....think what a nice bump it would be for the plan if they could assess say an additional 20 30 40% tax on her existing wealth .Sort of like a floor tax on existing inventory.
With the growing support for socialism among millionaire movie stars,politicians,business people they willl readily jump on board ....Maybe she could even have a catchy campaign song or slogan ,like Tax the rich feed the poor till there are no rich no more......
I watched the clip of Anderson Cooper interviewing Cortez ,the look on his face was a little puzzling. Was he trying to not burst out laughing ,was he wondering how they pumped that much air into one skull,or hey dopey I’m one of those rich people.......
Maybe we could start a betting pool when Nancy is going to bitch slap her into line.......