23 votes

Ocasio-Cortez’s seventy percent top tax rate is a moderate, evidence-based policy

3 comments

  1. [2]
    Cosmos
    (edited )
    Link
    If we keep referring to this as the "70% tax rate" plan it will never get off the ground. Too many people will be scared by that number and won't bother reading who it actually applies to. We need...

    If we keep referring to this as the "70% tax rate" plan it will never get off the ground. Too many people will be scared by that number and won't bother reading who it actually applies to. We need to come up with a better name.

    edit: Right on cue, house minority whip stirring up that fear.

    8 votes
    1. patience_limited
      Link Parent
      I'm good with the "1% Tax Plan". It's not going to fix inequality in the broader sense, though. We also need progressive inheritance taxes, a national VAT that excludes basic goods (to replace...

      I'm good with the "1% Tax Plan". It's not going to fix inequality in the broader sense, though.

      We also need progressive inheritance taxes, a national VAT that excludes basic goods (to replace various inequitable state taxes), a national universal education subsidy to replace local property taxes as the basis for public school funding, and some other little tweaks.

      5 votes
  2. demifiend
    Link
    Wasn't the top marginal rate upward of 90% under Eisenhower? Oh, and wasn't Ike a Republican? When I go back to Hell I'm going to supervise Lee Atwater's torment personally.

    Wasn't the top marginal rate upward of 90% under Eisenhower? Oh, and wasn't Ike a Republican?

    When I go back to Hell I'm going to supervise Lee Atwater's torment personally.

    2 votes