Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Ocasio-Cortezís 70% Tax Proposal Is a Great StartóBut We Need to ABOLISH the Ultra-Rich
In These Times ^ | January 19, 2019 | MARK ENGLER AND ANDREW ELROD

Posted on 01/19/2019 11:39:38 AM PST by GuavaCheesePuff

Ultimately, finding an optimal tax rate for the super-rich is a moral and political issue as much as an economic one.

Last week, when 60 Minutes aired an interview with newly sworn-in Rep. Alexandria Ocasio-Cortez, the freshman New York congressperson caused an uproar with what, by Washington standards, seemed a rather immodest proposal. Asked whether an expansion of public investment in green technologies would require raising taxes, she cited history.

(Excerpt) Read more at inthesetimes.com ...


TOPICS: Culture/Society; Politics/Elections
KEYWORDS: aoc; civilwarii; commiepropaganda; commietroll; communists; libtroll; ny2020; progressives
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-86 next last

1 posted on 01/19/2019 11:39:38 AM PST by GuavaCheesePuff
[ Post Reply | Private Reply | View Replies]

To: GuavaCheesePuff

Lets start with George Soros, Bezos, Steyer, Sergei Brin, Bill Gates - take all of their money and redistribute it so that each family can have a new pair of shoes.


2 posted on 01/19/2019 11:42:36 AM PST by laconic
[ Post Reply | Private Reply | To 1 | View Replies]

To: GuavaCheesePuff

Yes, she really is that stupid...


3 posted on 01/19/2019 11:44:17 AM PST by gov_bean_ counter (Ruth Bader Ginsburg doctor is a taxidermist.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GuavaCheesePuff

If you take all the wealth of all the billionaires, it still is not enough to pay for her modest proposal.


4 posted on 01/19/2019 11:44:48 AM PST by PIF (They came for me and mine ... now it is your turn ...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GuavaCheesePuff

I wonder which socialist billionaire is going to pay their salaries when the righteous proletariat kills them all?


5 posted on 01/19/2019 11:45:53 AM PST by Liaison (TANSTAAFL)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GuavaCheesePuff

Once you have eliminated the “ultr rich,” where will you get the tax money to fund your snowflake Utopia?


6 posted on 01/19/2019 11:49:13 AM PST by E. Pluribus Unum (Democracy dies when Democrats decide only elections they win are valid.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GuavaCheesePuff
“Ideally, we should be taxing wealth as well as income,” says J.W. Mason, an economist at John Jay College.......

."If you are super-rich, although you might pay taxes on capital gains or inheritance, you don’t pay any taxes on your financial assets simply by virtue of owing them,” Mason explains.

Hmm, so they should tax every year on that which people have earned, paid taxes on, and own in their own right.
In other words, everything you own belongs to the state and you will pay rent on it every year if you wish to have [temporary] use of it. After that, confiscation of your assets upon death will be suggested.

Actually,that has been in practice to a [up to now] limited degree with estate taxes. Which are nothing more than confiscation of legally owned property.

7 posted on 01/19/2019 11:51:54 AM PST by ChildOfThe60s (If you can remember the 60's....You weren't really there)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GuavaCheesePuff

Ummmm.....Alexandria thinks that taxes are something you use to stick paperses to a cork board.


8 posted on 01/19/2019 11:52:06 AM PST by blueunicorn6 ("A crack shot and a good dancer")
[ Post Reply | Private Reply | To 1 | View Replies]

To: GuavaCheesePuff

You mean the “tippy-top?” It is so important to get our terms right.


9 posted on 01/19/2019 11:53:01 AM PST by Louis Foxwell (The denial of the authority of God is the central plank of the Progressive movement.)
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #10 Removed by Moderator

To: GuavaCheesePuff

yeah it’s a ‘fantastic start’ because by golly people just love working their butts off only to give everything over to the government in the end- Gee- what a winning concept-

Pssst- the rich are going to find tax shelters just like they did when the tax was 70% in years past- the government ended up LOSING money- and the public suffered because the mega rich simply laid everyone off rather than fork over their hard earned money to the gov

The middle class were hardest hit- not the ultra rich- Sadly though Americans FORGOT in just a few short years how bad things got under democrat control-


11 posted on 01/19/2019 11:55:01 AM PST by Bob434
[ Post Reply | Private Reply | To 1 | View Replies]

To: laconic
The concentration of wealth with the obscenely wealthy at the expense of a vibrant middle class is a problem. Back in the 1950s and 60s, when we had more freedoms, opportunity, and security, the differential between the wealthiest and the less fortunate was nothing like it is today.

Back then, our neighborhood of new houses included doctors, lawyers, teachers, factory workers, construction workers, office workers. One income supported the family.

The answer isn't a 70% tax on the rich, which only serves to transfer their money to the government to waste. The answer is in a more reasonable differential between the haves and have nots.

Globalism....jobs going overseas and cheap labor competition make it impossible to achieve a balance.

12 posted on 01/19/2019 11:55:39 AM PST by grania ("We're all just pawns in their game")
[ Post Reply | Private Reply | To 2 | View Replies]

To: ChildOfThe60s

“so they should tax every year on that which people have earned, paid taxes on, and own in their own right.”

In some way they are doing that now: Real Estate and personal property taxes.


13 posted on 01/19/2019 11:56:23 AM PST by Mouton (The media is the enemy of the people.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: GuavaCheesePuff

Let’s start with the biggest business / extortion racket of them all - government.


14 posted on 01/19/2019 11:56:35 AM PST by P.O.E. (Pray for America)
[ Post Reply | Private Reply | To 1 | View Replies]

To: laconic

No, we should begin with jocks. A few hundred poor black jocks might start cleansing riots in the cities


15 posted on 01/19/2019 11:56:54 AM PST by bert ( (KE. N.P. N.C. +12) Princess Gray Beaver, for President?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: GuavaCheesePuff

We need to abolish Occasional-Cortex.

5.56mm


16 posted on 01/19/2019 11:57:04 AM PST by M Kehoe (DRAIN THE SWAMP! BUILD THE WALL!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: laconic

Yep, the liberal 15 Billionaires who met in secret back in 2000 to plan a strategy to capture congress and keep it for the next 40 years.
There were a couple news reports of this and then it all went dark.

Your list is only some of them.
Davos is the keystone to understanding what is really going on.


17 posted on 01/19/2019 11:58:06 AM PST by Zathras
[ Post Reply | Private Reply | To 2 | View Replies]

To: grania

Spoken like a good leftist labor union steward


18 posted on 01/19/2019 11:58:46 AM PST by bert ( (KE. N.P. N.C. +12) Princess Gray Beaver, for President?)
[ Post Reply | Private Reply | To 12 | View Replies]

To: GuavaCheesePuff
Let's see how much support that gets from Soros...Steyer....Zuckerberg....Gates....and Buffett.
19 posted on 01/19/2019 11:59:52 AM PST by Gay State Conservative (Mitt Romney: Bringing Massachusetts Values To The Great State Of Utah.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zathras

She needs to set an example by ponying up 70% of her congression salary. Until so, she’s FOS.


20 posted on 01/19/2019 12:01:15 PM PST by huckfillary
[ Post Reply | Private Reply | To 17 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-86 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson