Alexandria Ocasio-Cortez’s 70 Percent Tax Plan: How Investors Could Protect Their Portfolios | Bankrate.com
Great idea raise the minimum wage to 15.00 per hour and take home 4.50
Go ahead and tell me that anyone who is not a moron would vote for this
Since the 70% only applies to wages in excess of $10 million, your scenario doesn't apply. Perhaps if you took the time or trouble to find out what she meant before you made yourself look like a complete imbecile, it would help.
That's why you post links. So you can prove that you're not setting up phony premise, like this one.
Really!? Do you folks have
any common sense at all. True, the 70% would only apply to wages in excess of $10 million. Everyone else's would go up a lesser percent. So in all your wisdom, how much would you like your taxes going up?
Horseshit.
Please provide a link that shows "Everyone else's would go up a lesser percent" under AOC's plan.
This is what is why right-wingers think left-wingers are brain damaged. Because you are not using your brain. You are simply parroting what is being fed you.
Have you not learned yet that what people say, and what really happens, are two different things?
Obama said you could keep your doctor.
Obama said it would reduce insurance premiums.
Obama said the CARD act would protect borrowers.
Instead people lost options on what doctors they could see, paid much higher premiums and higher deductibles, and interest rates on credit cards went up.
AOC can 'say' that people will never pay higher taxes except for the rich. She can say that until the end of time. The reality is, higher taxes on wealthy will not pay for all of her social programs. Those taxes will never bring in the money she and others like her 'say' and claim it will.
It never has. Look at France. They jacked up taxes on the rich, and the rich fled the country. So badly in fact, that they had to repeal the tax.
Who did the government then have to levy taxes against? The poor and middle class, which is exactly why they have the yellow vest protests going on.
Yellow Vest Protests Prompt France to Ban Some Demonstrations
You keep saying "she is not saying she is pushing taxes for the lower and middle class!" yeah, she isn't saying it.
Do you think the people of France had politicians "saying" they would tax the lower and middle class? No. Of course not. But when you push for free health care, and free education, and free mass transit, and on and on.... guess who has to pay for all that? The rich? Yeah, that didn't work. So who has to pay for it?
The poor and middle class.
So yes, we all understand that AOC is not saying she will increase taxes on all of us.... we get that.
The difference between all of us, and those like you.... to be blunt.... we're not stupid enough to believe her.
She will jack up taxes on the rich. Then she'll jack up spending based on what she believes those taxes will bring in. The rich will shield their money from the taxes, by either moving it out of the country, or into protected investments.
Then she'll either have to cut programs, which would result in her instant removal from office for cutting the programs she claims to support... or she'll jack up taxes to pay for her programs.
She'll jack up taxes on everyone to pay for her programs.
And you are idiot if you believe otherwise. There is a reason why the middle class in Denmark are paying 60% of their income in taxes. There is a reason why the middle class in Sweden is paying a 24% sales tax on top of their 50% income tax.
There is a reason why a carpet installer in France, which would be a middle class income in the US, is earning a lower class income in France. Because after all the taxes you pay, what you have is just above poverty.
All those places got to where they are, based on mindless lemmings believing clever politicians who claimed the rich would pay for everything. The politicians got into office, made tons of money, and everyone suffered and became poorer. The rich got richer, the poor got poorer, and idiots in American celebrate it.
