Most Americans want a 70% tax rate on earnings over $10,000,000
During a 60 Minutes interview Alexandria Ocasio-Cortez casually mentioned that she thought that America's super-rich should pay a marginal tax-rate of 70% on annual earnings over $10,000,000 (which is a better deal than they got under Reagan); since then, the proposal has roiled the political classes and billionaire-backed news outlets, who coincidentally oppose taxing billionaires.
Though the establishments of the Democratic and Republican parties have scrambled to brand this proposal "unworkable" and "radical," there's another group of people who really like the sound of it: voters, including Republican voters.
A newly released Hill-HarrisX poll found that 59% of registered US voters support the proposal, and that breaks down to 62% of women, 55% of men, 57% of southerners, 56% of rural voters, 60% of independents, 71% of Democrats, and even 45% of Republicans.
The establishment has attributed AOC's incredible reach and influence to many factors -- her physical attractiveness, her ignorance, or some kind of witchy, indefinable charisma.
As compelling as all those dismissive reasons may be for the people who mouth them while rocking back and forth with their eyes screwed shut, there's another possible explanation that this poll bears out: "She’s preaching popular, common sense, underexpressed messages. But honestly, would a new member of Congress be so dominating the national conversation, if other Democrats were either less clueless or less beholden to their donors?"
My favorite part of this debate are the bootlickers who insist that it's impossible to tax rich people because they'll just hire procurers and enablers to hide their money in the Irish Sea, the English Channel, the Caribbean, Luxembourg, Wyoming, and Delaware. Read the rest