by Trent Baker
In a sit-down interview with Anderson Cooper for CBS’s “60 Minutes,” Rep. Alexandria Ocasio-Cortez (D-NY) floated taxing the wealthy as much as 70 percent to fund her climate change plan called the “Green New Deal.”
“[P]eople are going to have to start paying their fair share in taxes,” Ocasio-Cortez told Cooper in a preview clip of Sunday’s show while comparing herself to former Presidents Abraham Lincoln and Franklin D. Roosevelt.
Partial transcript as follows:
OCASIO-CORTEZ: There’s an element where, yeah, people are going to have to start paying their fair share in taxes.
COOPER: Do you have a specific on the tax rate?
OCASIO-CORTEZ: You know, you look at our tax rates back in the ‘60s, and when you have a progressive tax rate system, your tax rate, you know, let’s say from 0 to $75,000 may be 10 percent or 15 percent, et cetera. But once you get to like the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60 percent or 70 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.
COOPER: What you are talking about, just big picture, is radical agenda compared to the way politics is done right now.
OCASIO-CORTEZ: Well, I think that it only has ever been radicals that have changed this country. Abraham Lincoln made the radical decision to sign the emancipation proclamation. Franklin D. Roosevelt made the radical decision to embark on establishing programs like Social Security. That’s radical.
COOPER: Do you call yourself a radical?
OCASIO-CORTEZ: Yeah, you know, if that’s what radical means, call me a radical.
Me Here...She did get one thing right...she is a complete radical! She demonstrates she is completely clueless as to how taxes work and don't work!
She never read that France tried such a tax plan a few years ago. It failed. France found that they collected less revenue than before the increase.
There is no failure that liberals will not try again.