I saw this Ocasio-Cortez Tweet.
Oh? What’s that?
The majority of Americans respect when you break down reasonable policy proposals that are designed to combat runaway income inequality and help fund priorities they value most?
We can win public sentiment, stand our ground, & not be scared by GOP information. https://t.co/40KHKwt077
— Alexandria Ocasio-Cortez (@AOC) January 15, 2019
First of all, just because a policy is supported by the majority doesn’t mean that it is a good policy. Slavery, the Holocaust, segregation, stoning women accused of adultery, there are plenty of past and current things that are supported by the majority but are intrinsically evil.
Might does not make right.
So what is this The Hill article she is retweeting.
That’s not good.
Rep. Alexandria Ocasio-Cortez (D-N.Y.) and her Republican critics have both called her proposal to dramatically increase America’s highest tax rate “radical” but a new poll released Tuesday indicates that a majority of Americans agrees with the idea.
In the latest The Hill-HarrisX survey, which was conducted Jan. 12 and 13 after the newly elected congresswoman called for the U.S. to raise its highest tax rate to 70 percent, found that a sizable majority of registered voters, 59 percent, supports the idea.
Almost 60% of Americans have bought into the idea that envy is good. Of course, they won’t call it envy, they will say something like “the rich need to pair their fair share.” That is bullshit that translates to “it’s not fair that they have more than I do, so take it from them.”
Increasing the highest tax bracket to 70 percent garners a surprising amount of support among Republican voters. In the Hill-HarrisX poll, 45 percent of GOP voters say they favor it while 55 percent are opposed to it.
That shocks me
Independent voters who were contacted backed the tax idea by a 60 to 40 percent margin while Democratic ones favored it, 71 percent to 29 percent.
Ocasio-Cortez is among a group of progressive legislators which includes Sen. Bernie Sanders (I-Vt.) who have called for increasing federal income tax rates on wealthier Americans. The New York Democrat kicked off a debate within her party in a Jan. 6 interview with “60 Minutes” during which she said she would support setting the highest tax, which she said would kick in at individuals 10 millionth dollar of income, at 70 percent.
In her comments to the CBS show, Ocasio-Cortez referenced tax rates that had once been in place during the mid-20th century. During the 1950s and 60s, the wealthiest Americans were once taxed at a rate in excess of 90 percent.
“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,” she said.
First of all, the marginal 70% tax rate of the 1960’s didn’t start at $10 million. It was over 90% by $1.5 million (adjusted for inflation) and 70% by $295K. So either she doesn’t know what the historical tax rates were or she’s lying.
What has she promised in return for such high taxes?
Forcing Americans onto the worst healthcare bureaucracy conceivable?
Providing “free” tuition to a college system that has been reduced in value to nothing by saturation so young Americans can get another worthless piece of paper that conveys no useful or employable skills?
So funnel endless supplies of money to well connected investment class Leftists who own the means of production on green technologies?
Most of the people who cheer for his 70% income tax rate will not see their lives improved in any way, so really all they want is to make the rich guy less rich for the sake of making him less rich. That’s not a moral position.
As people become more miserable under this system, not less, the problem with this attitude becomes the marginal tax rates below $10 Million.
This was the attitude that killed so many in Russia a century ago. The farmer with six cows could turn in his neighbor with twelve cows to be executed for being a Kulak. But as more Russians starved, the farmer with one cow would turn in the farmer with six cows. There was no end to the madness until 10 millions Russians starved to death as no farms produced anything.
When we can tax 70% over $10 million because the majority make less than that, we can do it to $1 Million, than $500,000, than $250,000 and so on. Once you cross the moral Rubicon where envy is justification for high taxes, the only limit on where you draw the line is what the angry mob thinks is fair, which is exactly $1 more than the angry mob has.
This poll shows that for the majority of Americans the moral Rubicon has been crossed. Now it is up to AOC and the Progressives to figure out what is the floor is that they can drive punitive tax rates to.