Ocasio-Cortez suggests 70% tax for wealthy to fund climate change plan

[GiantMonkey]

The rich don't pay taxes.

If the feds put a 70% marginal tax on incomes over $10m/yr the rich would get out of it. We would see a lot more "foundations" and charity contributions and also see more movies made out of the US so the celebrities who love to push this same stuff would get out of paying taxes.

EDIT:

I don't mean the rich pay taxes in the sense that they pay $0/yr, I am referring to them being able to work around the tax code to reduce the amount they pay.

[Xinroth]

The rich don't pay taxes.

If the feds put a 70% marginal tax on incomes over $10m/yr the rich would get out of it. We would see a lot more "foundations" and charity contributions and also see more movies made out of the US so the celebrities who love to push this same stuff would get out of paying taxes.

Yyyyyyep. People acting like this is the 50s where the rich people couldn't actually -legally- evade paying their taxes like you can do now.

Moronic idea. If the government takes 70%+ of every dollar you're making past a certain threshold, you're basically either:

1) Ok with it and are actually altruistic and dumb enough to tihnk the government is proficient enough to use the money wisely
2) going to a tax haven with it and/or not report it and/or establish a foundation/charity
3) going to work a lower level job instead of working the extra hours to achieve a job that pays you into that 70% bracket

[iabs]

You can't ignore people that can create and submit legislation that impacts our lives. It doesn't work like that. Just like Democrats can't ignore Trump, Conservatives can't ignore the socialists like Ocasio-Cortez.

How has it work out for CNN and all the far left media when it comes to attacking Trrump?

I agree she is a threat, however you’re strengthening that threat by giving her nonstop coverage and making her famous.

There are millions of clueless Americans who hear “free college”, “free healthcare”, “the rich have to pay their fair share” and it resonates with their ignorant view of the world. Just stop giving this ignorant piece of garbage the time of day.

[Sleev-les]

"Once you get to the tippie-tops, on your $10 millionth dollar..."

"Once you get to the tippie-tops..."

"tippie-tops"
































"tippie-tops"

She went full tippie tops.... You never go full tippie tops!

This woman is starting a rough few years. The nuttery coming out of her mouth daily is mind boggling.

[Retoaded]

The rich don't pay taxes.

If the feds put a 70% marginal tax on incomes over $10m/yr the rich would get out of it. We would see a lot more "foundations" and charity contributions and also see more movies made out of the US so the celebrities who love to push this same stuff would get out of paying taxes.

EDIT:

I don't mean the rich pay taxes in the sense that they pay $0/yr, I am referring to them being able to work around the tax code to reduce the amount they pay.

It doesn't take much work around. They just receive alot of compensation in stocks and pay capital gains instead of ordinary income tax. Its not even complicated. The easiest fix to the tax code is just tax capital gains above the "tippie-top" levels as ordinary income.

[BalkanPrince]

Taxation as a whole is the problem. It was never meant to exist or at least in this level. The government taking your money to fund it’s own stupidity like going to wars and funding Israel is theft. Cut all this bs out and drop the taxes so everyone gets much more room to breathe.

[Stizzel]

Taxation as a whole is the problem. It was never meant to exist or at least in this level. The government taking your money to fund it’s own stupidity like going to wars and funding Israel is theft. Cut all this bs out and drop the taxes so everyone gets much more room to breathe.

[US_Ranger]

Another stupid idea by a stupid person.

The people who have all the wealth in this country (the .001%) hide their money and don't pay taxes like the rest of us. Remember the whole Panama Papers thing that disappeared from the news immediately? HMMMM.

So in other words, this would be another blast on people making 250k a year (doctors, etc) who are the backbone or the tax paying base. Meanwhile, 45-50% of people (people just barely more broke than me) don't pay a single thing.

Does this dumb bitch not understand how this country even works?

[Retoaded]

Does this dumb bitch not understand how this country even works?

Pretty sure that's a negative, ghostrider.

[JoshSP1985]

Fox News and the right has an unhealthy obsession with this dimwit woman. They are giving her airtime and making her more and more famous. We’re talking about someone who a few months ago was a clueless bartender a fuking bartender ok.


Every time she opens her fuking mouth diarrhea comes out. IGNORE the dummies.

Eh more like they're pitching her as your new average Democrat. They're using her to paint the party.

[TacticalTaco]

there are better ways to spend those dollars... how about no taxes? if there are an increase in taxes, invest and allocate to things that have an immediate impact vs something that might help the climate a little bit in 50+ years

No taxes? That's not very communist of you.

[otisthebat]

The easiest fix to the tax code is just tax capital gains above the "tippie-top" levels as ordinary income.

That would tank the stock market like never before.

[Mike86er]

Hollywood gonna love that.

They won’t mind. Most of them probably take advantage of legal tax avoidance (not tax evasion which is illegal) schemes which means they don’t pay much tax as it is.

When you get to a ratified level of wealth you can afford the best accountants who know these loopholes like the back of their hands.

[Trapstar4.4]

and somehow you got mofos on this forum asking why the likes of cortez wasnt voted speaker. come on man

[Dave22reborn]

Its a progressive tax system where people pay gradually more dependent on their ability to do so (because they earn more). Seems fair enough to me. That top 20% of earners also represent the majority of all income earned.

*edit

That being said I don't particularly agree with 70% taxation. There has to be a middle ground where people can enjoy the fruits of their labor while contributing to society to ensure that those less fortunate also have access to necessary security.

What's your definition of "less fortunate?"

[iabs]

Agreed.

The irony being: this is my approach with you in the Football thread.

Irony being I don’t even remember you, brochacho. 😕

[Dave22reborn]

How much of her wealth will she give up, to help those less fortunate and to combat global warming?

[Retoaded]

That would tank the stock market like never before.

Probably. I just mean if you were really trying to fairly tax wealth accumulation then that is what you'd do.

[CaliSuperSport]

Irony being I don’t even remember you, brochacho. ������

You've made posts in that thread literally to the contrary...lol

[Godemis]

Fox News and the right has an unhealthy obsession with this dimwit woman. They are giving her airtime and making her more and more famous. We’re talking about someone who a few months ago was a clueless bartender a fuking bartender ok.


Every time she opens her fuking mouth diarrhea comes out. IGNORE the dummies.

CNN, Fox News, MSNBC are all obsessed with her.

[Ten_Hearts]

What's your definition of "less fortunate?"

Largely those struggling to make ends meet. As it currently stands a significant portion of our population is near or below the poverty line.

[NitrogenWidget]

The article is from CNN.

holy fuk I laughed out loud.

[BrosefMengele]

Tippie tops of peace

[otisthebat]

Largely those struggling to make ends meet. As it currently stands a significant portion of our population is near or below the poverty line.

what is considered poverty in the US would be considered well off in other countries.

Poverty in the US means you have cable, internet, running water, electricity, natural gas, a roof over your head, and booze in your fridge.

[Dave22reborn]

Largely those struggling to make ends meet. As it currently stands a significant portion of our population is near or below the poverty line.

And why do you think they're struggling to make ends meet? Ever think it's due to poor life choices?

[Dave22reborn]

what is considered poverty in the US would be considered well off in other countries.

Poverty in the US means you have cable, internet, running water, electricity, natural gas, a roof over your head, and booze in your fridge.

Not to mention 2-3 flat screen televisions with surround sound, the latest tablet, cellphone, and Nike's...

[ButWhoWasNoodz]

"Once you get to the tippie-tops, on your $10 millionth dollar..."

"Once you get to the tippie-tops..."

"tippie-tops"
































"tippie-tops"

Sounds like language I'd expect from a well educated liberal like herself. I'm sure her constituents are also well educated.
But yes keep talking down to the conservstive rubes from your imaginary "education" throne.

[Ten_Hearts]

And why do you think they're struggling to make ends meet? Ever think it's due to poor life choices?

Could be for some. Others it can be like of opportunities, mental or physical health issues, or any number of reasons. Most jobs just don't pay much, 40% are under $15/hr, to keep up with a persons expenses. But there seems to be the idea here they are all buying lobster and making luxury technology purchases.

what is considered poverty in the US would be considered well off in other countries.

Poverty in the US means you have cable, internet, running water, electricity, natural gas, a roof over your head, and booze in your fridge.

So your reasoning is that because what is considered poverty in a third world country is worse than in the United States, the fact that we have poor people in this country who are struggling to get by doesn't matter? I thought we were discussing issues as they pertain to the United States not an arbitrary country having little bearing on the conditions within our own. Poverty line for an individual is what about $12k? You probably aren't getting those things you mentioned if you are living in poverty. But you seem to be under some impression that these people are buying the latest iphones.

[|ceman]

surely this is the end for Cortez the Killer

[ZenBowman]

Now endorsed by Ann Coulter:

https://twitter.com/AnnCoulter/statu...25501069533184

Ocasio-Cortez wants a 70-80% income tax on the rich. I agree! Start with the Koch Bros. -- and also make it WEALTH tax