The right wing makes personal attacks on her clothes and dance video. Meanwhile OAC is making serious proposals and started a valuable discussion on tax rates.
Opponents are (I think deliberately) saying her position is to tax all income of people making $10 million at 70%. She is only talking about $10 million and up.
This is very much worth watching.
But be *sure* to watch to the end, where Erik Brynjolfsson gives the precise, “well, actually …” answer to a “can you give me any real-world example??” question. https://t.co/RBg1JCZ9cm
— James Fallows (@JamesFallows) January 24, 2019
@AOC’s tax hike idea is not about soaking the rich. It’s about putting a cap on the plutocracy’s income. https://t.co/EsnugwMSXW
— Eduardo Porter (@portereduardo) January 22, 2019
About 6 in 10 Americans agree with @AOC and support a marginal tax of 70% on the wealthy. https://t.co/t3VXWMw13C
— Janie Velencia (@JanieVelencia) January 18, 2019
A new poll found @AOC's proposed tax plan to be "popular in all regions of the country" https://t.co/UGoEWUUuzg
— Intelligencer (@intelligencer) January 20, 2019
NEW POLL: Majority of Americans support raising the top tax rate to 70 percent https://t.co/k5quW8eXYI (via @HillTVLive) pic.twitter.com/kp4l6CnB2M
— The Hill (@thehill) January 15, 2019
a 70% top tax rate on $10-M earners doesn't mean taking 70% of their income
in 1981, Reagan's 1st year, top rate was 70%. richest 1% paid average 33.1% overall
in 1989, w/28% top rate, they paid avg 27.9%
in 2014, w/39.6% top rate, they paid avg 33.6%https://t.co/IvBIVnUEBF
— John Harwood (@JohnJHarwood) January 11, 2019
Presumably the Minority Whip knows what marginal tax rates are? It's not 70 percent of all income, but 70 percent of any income earned ABOVE $10 million. You may disagree with the policy but a politician has an obligation to describe it correctly. https://t.co/lPSeou1XJf
— Glenn Kessler (@GlennKesslerWP) January 5, 2019
Congressman @SteveScalise is either lying or doesn’t understand marginal tax rates. Or, both, I guess. https://t.co/7t4sJAvdHg
— Soledad O'Brien (@soledadobrien) January 5, 2019
As you know, from 1936 to 1980 the top marginal rate was 70% and above. E.g. between 1952 and 1963 (which included the Eisenhower presidency) the top marginal rate was above 90%. America had high economic growth and shared prosperity. We created national highways system etc. pic.twitter.com/PTLdue5IYI
— Jennifer Taub (@jentaub) January 6, 2019
70% income taxes on high-earners are both familiar (we had them not that long ago) and supported by the bulk of expert research. It is the DC establishment that's dumb on this, not AOC. https://t.co/epq7lYxCqA
— David Roberts (@drvox) January 4, 2019
Just for context: top marginal tax rate was *over* 70% through entirety of post-WW II US economic boom. (Lowered to 50% in 1981.)
Doesn't mean it’s right rate now, but this is not some unheard-of Stalinist gaffe. https://t.co/XmpyVU15FQ
— James Fallows (@JamesFallows) January 5, 2019
Look, it's unquestionably true that we used to tax the ultra rich at much, much, much higher rates than we do now. It's true the top marginal rate hit a lower percent of earned income, but we taxed the highest income a LOT more. People implying otherwise are being misleading. pic.twitter.com/ffgnAZHjRQ
— Bobby Kogan (@BBKogan) January 5, 2019
This is how @FoxAndFriends tricks viewers: @Kilmeade said @AOC "wants people taxed as high as 80, 90% if you make $10 million or more." Huh? She said "60 or 70%" on "your 10 millionth dollar."
— Brian Stelter (@brianstelter) January 7, 2019
Good piece from Bloomberg pointing out that Sweden actually has a top marginal rate of almost 70% — and grass is hardly growing in the streets 1/ https://t.co/BM8ERHZcDE
— Paul Krugman (@paulkrugman) January 9, 2019
Sad! 