Monday, January 14, 2019

Taxing the rich gaining support

Continuing the last post, this article said that AOC's proposition is garnering some public support.

"Thanks to daring freshman Rep. Alexandria Ocasio-Cortez and a few helpful wonks who’ve run the numbers and made the historical parallels, the idea of taxing the rich at much higher rates has burst into the political sphere with renewed vigor this week. Ocasio-Cortez suggested a 70 percent marginal tax rate on the very wealthy to fund America’s desperately needed priorities, emphatically including drastic changes to face the realities of climate change, and the Overton Window eased up an inch to accommodate this hot new draft of change."

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