"In an effort to fund policies that would reduce fossil fuel and carbon emissions within the next 12 years, Democratic Rep. Alexandria Ocasio-Cortez of New York has proposed a tax rate on the super-rich that is more moderate than U.S. tax policy during parts of the 20th century.
"In a video clip released Friday, she tells journalist Anderson Cooper of '60 Minutes' that taxing incomes above $10 million at a 60 percent to 70 percent rate could be a good step..."
"The approximately 16,000 Americans earning more than $10 million are at the very top of the top 1 percent of earners. Such a tax could bring in approximately $720 billion over 10 years, according to the Tax Policy Center’s Mark Mazur."
Alexandria Ocasio-Cortez Proposes Perfectly American Tax on Ultra-Rich
Over the past forty years, the richest one percent have seen their share of national income increase dramatically, and fossil fuels have been partially responsible.
Maybe it's time for fossil fuels to pay their fair share of taxes?