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Thread: Rep. Alexandria Ocasio-Cortez: Raise taxes to 70%!

  1. #1

    Rep. Alexandria Ocasio-Cortez: Raise taxes to 70%!




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  3. #2
    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.”
    "Oh dear" is right...

  4. #3
    To tell the truth, I say go for it.

    Leftist billionaires wanted this, well, they deserve to get it.

  5. #4
    Why not just cap their earnings at $10 million?? I mean, no one really needs that much anyway. And think of all the other people that will benefit from that extra money floating around the economy!!








    In case you couldn't tell...
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  6. #5
    Quote Originally Posted by Anti Federalist View Post
    To tell the truth, I say go for it.

    Leftist billionaires wanted this, well, they deserve to get it.
    *exemptions.

  7. #6
    It'll never fly.

    Don't need a weather man to know which way the wind blows

  8. #7

  9. #8
    Quote Originally Posted by CaptUSA View Post
    Why not just cap their earnings at $10 million?? I mean, no one really needs that much anyway. And think of all the other people that will benefit from that extra money floating around the economy!!








    In case you couldn't tell...
    Excellent suggestion Comrade.

    Why not $1 million...who really needs 10?



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  11. #9
    Quote Originally Posted by nikcers View Post
    Stand and Deliver!

  12. #10
    Quote Originally Posted by Anti Federalist View Post
    Excellent suggestion Comrade.

    Why not $1 million...who really needs 10?
    Great point! Now you're talking. I mean, I bet everyone would make almost a million dollars a year if it weren't for those uber-wealthy people taking it all. We should really give this idea some consideration.
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  13. #11
    I wonder if Anderson Cooper wants to pay his 'fair share' and pay more tax on the millions he makes

  14. #12
    Quote Originally Posted by nikcers View Post
    The king was rich because he stole taxes from the poor people, Robin Hood was just giving them back their money.

    The leftists took Robin Hood, who is essentially an anarchist, and portray him as some leftist doofus.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

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  15. #13
    Is this tax going to be on income and capital gains? I can see the football and basket ball superstars not liking this change.
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  16. #14
    Quote Originally Posted by Anti Federalist View Post
    To tell the truth, I say go for it.

    Leftist billionaires wanted this, well, they deserve to get it.

    They wouldn't be paying any of those hig taxes.

    I'm reminded of the Senate confirmation hearings for Nelson Rockefeller as VP back in the 1970s. As Inrecall there was quite the public outrage over the fact that Rocky, an extremly wealthy member of one of the wealthiest families in the world at the time, paid almost nothing in fed income tax. The rubes were pissed. But not to worry, Rocky just brought in a battery of family accountants and lawyers to testify as to how humble the family's finances really were, and why they were entitled to pay so little as a result. You see, most of their money was either held by tax exempt foundations that they controlled or in tax limiting trusts. The exemptions were in place to enable the super rich to dodge all those nasty taxes that you and I were forced to pay.

    I'm certain that the situation hasn't changed since then.

    ETA:Just to be clear, I'm in favor of anyone avoiding as many taxes as they can. But usually these things are arranged so as to make it very difficult for any but the elite to take advantage of them. To be sure there are things, like trusts, that almost anyone can take advantage of. But there also appear to be significant exemptions and loopholes that benefit only a select few.
    Last edited by CCTelander; 01-04-2019 at 11:31 AM.
    Chris

    "Government ... does not exist of necessity, but rather by virtue of a tragic, almost comical combination of klutzy, opportunistic terrorism against sitting ducks whom it pretends to shelter, plus our childish phobia of responsibility, praying to be exempted from the hard reality of life on life's terms." Wolf DeVoon

    "...Make America Great Again. I'm interested in making American FREE again. Then the greatness will come automatically."Ron Paul

  17. #15
    Fresh ambitious idea's. This is why she was elected! She was not elected to no be heard. According to Thomas Massie a Rep needs to pay money to have a better position and introducing bills means nothing because you need to suck up to the Powers that Be in order to get your bill introduced.

    Nancy is paying 100 million dollars every election cycle to be speaker.

  18. #16
    Soon they will be saying, the state should collect all your earnings and dole out what is needed for you to live as needed.

    Isn't that the end goal for those folks?



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  20. #17
    Quote Originally Posted by Dr.3D View Post
    Soon they will be saying, the state should collect all your earnings and dole out what is needed for you to live as needed.

    Isn't that the end goal for those folks?

    "We don't want to take your guns. We just want reasonable, common sense gun control." Heard that for decades. Then red flag laws and other nonsense put the lie to it. I doubt it's any different with their plans for taxation.
    Chris

    "Government ... does not exist of necessity, but rather by virtue of a tragic, almost comical combination of klutzy, opportunistic terrorism against sitting ducks whom it pretends to shelter, plus our childish phobia of responsibility, praying to be exempted from the hard reality of life on life's terms." Wolf DeVoon

    "...Make America Great Again. I'm interested in making American FREE again. Then the greatness will come automatically."Ron Paul

  21. #18
    Quote Originally Posted by Dr.3D View Post
    Soon they will be saying, the state should collect all your earnings and dole out what is needed for you to live as needed.

    Isn't that the end goal for those folks?
    There is a universal basic income included in the Democrats 'green New Deal' so they already have you covered Doc..

  22. #19
    We are in a cold civil war and if we can use the other side to confiscate the wealth of our enemies then make it so with the selective enforcement of political organizations and those whom fund them. You start with the Koch Brothers, Jeff Bezos, Jack Dorsey, Mark Zuckerberg, Tim Cook....., you get the idea. Not to forget all donors to political organizations like "CFR, Council on Foreign Relations", Club For Growth -- any open borders organization.

    Confiscating the wealth CFR members would take out a significant number of politicians, particularly Neocons and establishment elites. Mitt Romney and his ilk for example.

  23. #20
    Quote Originally Posted by dannno View Post
    The king was rich because he stole taxes from the poor people, Robin Hood was just giving them back their money.

    The leftists took Robin Hood, who is essentially an anarchist, and portray him as some leftist doofus.
    Everyone knows that. Stop obfuscating the obvious point.

  24. #21
    Taxing the rich is a good idea but they'll just flee to Singapore.

    Which is why I propose an exit tax on net worth. Want to renounce your citizenship? Give up 99% of your net worth.

    If we find out later you were hiding some, we'll revoke your renunciation and make you a US citizen again.
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
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    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  25. #22
    Transfers of wealth never benefit those at the bottom of the ladder. Wealth transfers always go upward, so the wealthy get it all. Look at all the tax shelters. They were not devised for working people to keep their money. They were devised so the wealthy could keep theirs.

    Take away the deductions and tax shelters. Boom. People pay what they *should* pay. Said with a little sarcasm, but I think the meaning is clear.
    "There are two freedoms - the false, where a man is free to do what he likes; the true, where he is free to do what he ought."~~Charles Kingsley

  26. #23
    Got news for that crazy bitch . My tax liability will remain at zero . I will continue to live like a king while avoiding paying for her communist programs .
    Do something Danke

  27. #24
    Quote Originally Posted by Anti Federalist View Post
    To tell the truth, I say go for it.

    Leftist billionaires wanted this, well, they deserve to get it.
    70% for them today is 70% for you tomorrow. Or your kids.

    This still must be fought. Hopefully our genius billionaires can handle it.



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  29. #25
    Quote Originally Posted by Anti Federalist View Post
    To tell the truth, I say go for it.

    Leftist billionaires wanted this, well, they deserve to get it.
    Exactly, only they will find a way to divert their income somewhere else. She should be calling for a 70% flat tax on all income regardless. Corporate or personal, thus removing the incentive to work at all and drive us into a socialized hell. Corporations will move overseas, and the middle class will be stuck with this 70% bull$#@!. A giant sucking sound as Ross Perot once said.
    Last edited by Pauls' Revere; 01-05-2019 at 10:05 PM.
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    2 + 2 = 5.

  30. #26
    I disagree with it but she is a moderate historically on her tax proposal as far as Democrats go. Before Reagan it was anything over $216,000 was taxed at 70%. What she is calling for is a 70% tax on any new income over 10 million.

    The right should be more direct in their opposition, the effects to the economy and her proposed usage rather than using the revenue for social programs, since her youthful supporters may cherry pick the 70% fact above alone. In that respect she is turning out to be the female Trump for the far left. Say something that creates a reaction but when people research historically it does not sound far out at all. Yet they miss the big picture what is really wrong with her proposal.

    The best way to shut her down is to point out her spending of this tax money for green energy is a wealth transfer from one set of elite millionaires to another set of elite millionaires. Meanwhile their social programs would continue to suffer and the middle class/poor that she is supposed to represent would get nothing in return.

    Basically she should be called a traitor by her Democrat supporters for proposing policies that benefit the elites of green energy and abandoning her constituents.
    Last edited by kahless; 01-13-2019 at 01:01 PM.

  31. #27
    Ocasio-Cortez reportedly in line for banking post, and that could be bad news for Wall Street


    • Freshman Rep. Alexandria Ocasio-Cortez is in line to be appointed to the House Financial Services Committee, according to a Politico report.
    • The New York democratic socialist would be a thorn in the side of Wall Street, which has seen its regulatory burden lowered since Donald Trump became president.
    • Ocasio-Cortez also could be an important ally for committee Chairwoman Maxine Waters.




    Jeff Cox

    Published 38 Mins











    Carlos Barria | Reuters
    Democratic Representative-elect Alexandria Ocasio-Cortez of New York talks to reporters as she arrives for a class photo with incoming newly elected members of the U.S. House of Representatives on Capitol Hill in Washington, U.S., November 14, 2018.

    Big banks could be about to get a high-profile enemy in a very powerful place.
    Freshman Rep. Alexandria Ocasio-Cortez, who is a registered Democrat but identifies as a democratic socialist, is in line to be appointed to the House Financial Services Committee, according to a Politico report.


    "I think with our district, we can be ambitious, so we're kind of swinging for the fences on committees," Ocasio-Cortez told Hill.tv in an interview after her win. "We might as well ask for something big."

    With prominent Democrats looking to unwind two years of deregulation under President Donald Trump, the seat will put her in a position to exert substantial influence.

    Her appointment also will give new committee Chairwoman Maxine Waters, D-California, an important ally.


    Related


    Alexandria Ocasio-Cortez says "no question" Trump is a racist

  32. #28
    Several days later Paul Krugman, in an article titled The Economics of Soaking the Rich, validated Ocasio-Cortez’s proposal. According to Krugman:
    “Tax policy toward the rich should have nothing to do with the interests of the rich, per se, but should only be concerned with how incentive effects change the behavior of the rich, and how this affects the rest of the population.
    “Or to put it a bit more succinctly, when taxing the rich, all we should care about is how much revenue we raise. The optimal tax rate on people with very high incomes is the rate that raises the maximum possible revenue.”
    Krugman even mentioned several of his cohort’s academic research that had pinpointed the optimal tax rate on high earners to be 73 percent or even more than 80 percent.
    Based on Krugman’s referenced research, Ocasio-Cortez’s proposal doesn’t go far enough to produce economic salvation for the masses.






    Is anyone surprised that Paul Krugman actually supports her harebrained ideas? The photograph above appeared in a Salon editorial entitled (we kid you not) “Paul Krugman shuts down right-wing attacks on Rep. Alexandria Ocasio-Cortez”. Sorry fantasists at Salon – he didn’t “shut down” anything, he merely proved beyond reasonable doubt that he really is economically illiterate. Does the US actually want to become a sclerotic centrally planned economy with minimal if any growth, forever teetering on the brink of collapse like that of Europe? In fact, the proposals by Ms. Ocasio-Cortez would make the situation in the US far worse than in most of Europe. Not to mention that her “Green Deal” is downright nutty, and that is putting it as mildly and politely as possible. [PT]



    Nonetheless, Ocasio-Cortez and Krugman are a match made in hell. Should a Green New Deal, funded by a top tax rate of 70 percent be put into practice, we presume it would have a far different result than Krugman advises. Remember, the economy, and the people that compose it, adjusts and re-calibrates to the level of central planning and government intervention imposed upon it.
    Hence, the promised nirvana of everyone getting rich selling rooftop solar power back to their utility at the expense of their neighbors will turn out to be a great big dud. Maximum possible revenue will diminish. In its place will be an enormous pile of debts and an even greater pile of regrets.

    More at: https://www.zerohedge.com/news/2019-...atch-made-hell
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  33. #29
    Quote Originally Posted by Swordsmyth View Post
    Several days later Paul Krugman, in an article titled The Economics of Soaking the Rich, validated Ocasio-Cortez’s proposal. According to Krugman:
    “Tax policy toward the rich should have nothing to do with the interests of the rich, per se, but should only be concerned with how incentive effects change the behavior of the rich, and how this affects the rest of the population.
    “Or to put it a bit more succinctly, when taxing the rich, all we should care about is how much revenue we raise. The optimal tax rate on people with very high incomes is the rate that raises the maximum possible revenue.”
    Krugman even mentioned several of his cohort’s academic research that had pinpointed the optimal tax rate on high earners to be 73 percent or even more than 80 percent.
    Based on Krugman’s referenced research, Ocasio-Cortez’s proposal doesn’t go far enough to produce economic salvation for the masses.






    Is anyone surprised that Paul Krugman actually supports her harebrained ideas? The photograph above appeared in a Salon editorial entitled (we kid you not) “Paul Krugman shuts down right-wing attacks on Rep. Alexandria Ocasio-Cortez”. Sorry fantasists at Salon – he didn’t “shut down” anything, he merely proved beyond reasonable doubt that he really is economically illiterate. Does the US actually want to become a sclerotic centrally planned economy with minimal if any growth, forever teetering on the brink of collapse like that of Europe? In fact, the proposals by Ms. Ocasio-Cortez would make the situation in the US far worse than in most of Europe. Not to mention that her “Green Deal” is downright nutty, and that is putting it as mildly and politely as possible. [PT]



    Nonetheless, Ocasio-Cortez and Krugman are a match made in hell. Should a Green New Deal, funded by a top tax rate of 70 percent be put into practice, we presume it would have a far different result than Krugman advises. Remember, the economy, and the people that compose it, adjusts and re-calibrates to the level of central planning and government intervention imposed upon it.
    Hence, the promised nirvana of everyone getting rich selling rooftop solar power back to their utility at the expense of their neighbors will turn out to be a great big dud. Maximum possible revenue will diminish. In its place will be an enormous pile of debts and an even greater pile of regrets.

    More at: https://www.zerohedge.com/news/2019-...atch-made-hell
    I hate to pick at someone's looks but this chick is gonna be ugly as fk when she gets older. She already looks like she's aged 10 years since she took office. And she really needs someone to coach her on her smiles. Turn it down about 50% at least.

  34. #30
    Quote Originally Posted by Dr.3D View Post
    Soon they will be saying, the state should collect all your earnings and dole out what is needed for you to live as needed.

    Isn't that the end goal for those folks?
    Exactly, the perpetual self imposed indentured servant.
    - SUPPORT FREE TRADE, SMUGGLE -

    2 + 2 = 5.

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