Sure, why not? But give them equal decision making on how that money is spent. Why should they spend all that money to fund a shutdown?
The concentration of wealth at the top has reached crisis levels. Thank you AOC !!
Elite financiers attending Davos last week = Evil people responsible for destroying billions of lives.
That’s way too high, what’s the point of even earning the money.
I don't think people realize who these people are & how much money they are taking. This is nothing to these ppl. This is ppl who simply open their bank statements in their several homes. A quarter mayb of their interest.Most ppl pay tax on their homes & thx to Trump they pay 0
Ask StephenKing !
Where are the celebrities at reposting this? I just wonder how they feel since a lot of them make a lot of money.
As the rich people make less money over the years due to less motivation to do more and with others less motivated to become rich, everyone else suffers because these taxes have less to tax, jobs decrease, products develop less often, services decline, and quality of living dies
Wait until they find out what the rest of us want to do to them.
There’s no way you can punish the rich that can compensate for bad governance.
They should be scared. This wealth gap is unsustainable and, frankly, immoral. People are finally waking up to this and are not happy.
Venezuela?
How come the elite financiers haven't been 'scared' of or 'worried' about oppressing workers worldwide with depressed wages for decades?
If u make $11 mil. u will give $7.7 mil to government and keep $3.3 mil. Simple solution file separate returns hubby makes $10 mil wife makes $10 mil and pay lower tax rate. There’s always a way. Kids on payroll tax deferred accounts.
While i do think the wealthy should pay higher taxs rate, i don't think it should be 70% tax rate.
Good. They’ve had it easy for decades, hoarding wealth, not reinvesting in society.
Robin Hood. Eliminate Taxes altogether. Why continue to pay money to individual who mis handle it.
Yes, I agree and I think that CNBC's Executives ought to pay at a 70% rate too. CMCSA.
The Billionaires & the mega corporations like Apple Google Microsoft Amazon etc all need to start chipping in real amounts of taxes or the mayhem that looks like it’s coming will be here faster than anyone thinks. 1790sRedux HistoryRepeatsItselfFrequently
What is she going to do with my money? Fuck off and let me keep it, I am better at spending it. I’d vote for 0 income taxes
70% tax rate. More pool for crooks to steal from. 😂😂😂😂
I think you mean they made cases for why it's a bad idea. Because they ALL actually seemed not be worried at all about it actually happening. Show us 1 interview with a CEO that actually seemed even remotely worried. I'll wait.
Why not %100 tax I mean if youre gonna f..k s..t up then go big or go home. No more millionares.
Time for the rich to run from America. Find themselves a island to start a new country that will favor their freedoms.
Irrelivant. They easly avoid even a 15% tax.
I didn’t see any one worried about her.
You don't see the writing on the wall? It says Bitcoin
Yes yes yes if we pay taxes at our low incomes these dudes who make lots of money pay the right amount
Alexandria is all talk. It’s never going to happen. The Tippy Tops are already paying their fair share. It’s a talking point Ocasio-Cortez can exploit to fire up her dirt poor base and lazy entitled Millennials to advance her political career.🤬
40 years of right wing tax cuts for the wealthy have gutted actual working people
Not scared. They’ll just pull out of the USA again.
70% tax, after (in most cases), people have worked hard & taken huge risks. No way to encourage success.
socialism
It would be a high-handed theft, if the ones taking it didn't give them that wealth in the first place, and if they defrauded no-one in acquiring it.
She has zero power.
I wish 2AOC make $20 Million so she can feel the joy of paying 70% or more in tax. That would be a lot of fun.
They will just move there income to another country.
They're not worried because they know that it will never happen. She'd have a very unfortunate accident first and so would anyone else that tried to follow suit.
How about just a flat tax with no deduction
The problem is less about the starting levels, which are intentionally limited to just a few, and more about the overall concept - namely that the *govt* gets to choose one’s standard of living.
Rightfully so. She’s inexperienced and naive, and now in a position of power unfortunately.
I'M FOR IT AND I VOTE.
$100-$200k income is taxed at 25-30% but a person making $100-$200 mil are only taxed at 10-20% because of loopholes. I do not see a problem with someone paying a higher tax rate on income after the $10 mil mark. Since they would only be paying 15-20% on $9.9 mil. Maybe not 70%?
Scared of a waitress? She won't amount to anything. Ever. Dumb as a door nail.
Maybe they will raise wages
Good. They should be. And they should be thankful it’s not more.
No they are not scared of one MSM-obsessed green politician in the US. They’d prefer lower taxes but actually aren’t scared of anything because they are billionaires, and it doesn’t really matter what happens.
This is the dumbest proposal i have heard recently.Time to start hiding money in cryptocurrency
jonathan4ny So, someone making $10,000,001 is worried about paying less than a dollar more in taxes?
Why don't we just take 100% of everything everyone makes over 1 million! I mean after all how much do you 'need' anyway!
It would have to be 30% back to elite for projects..
Anyone who understands basic economics is scared because her policies would ruin the country. Rich people don't care - they will just move.
davos
What are the actual negative effects of capitalism?
My dear Alexandria, I also come from very humble beginnings. I invite you to move to Venezuela for 6 months and see what happens when. You try your ideas.
No, it didn’t. It won’t happen.
You mean laughing at her!!!
If Capitalism is so evil and Socialism is so good, why aren't the Caravans heading to Venezuela?
70% tax rate...that’s insane. Democrats always destroying any incentive to suceed in this country.
Here's a crazy idea. Pay people decent living wages, provide them with benefits, and restore the Consumer Class (aka middle class).
That’s like saying Jeff Bezos is worried about Crazy Larry’s Discount Matress Outlet.
Why would they give a shit? They just need to move to some tax friendly countries.
Why is woman Rookie on Tv every 5 minutes? Not every Democrat is a Socialist. She just gives FOX something to talk about
Sniper
So long capitalism
If it happens it'll be money that disappears into government coffers
The Bolshevik!
Just get ready for all of them to report taxable incomes at $9.9m. It might grow the economy because all the money will be flushed into tax holiday and deferred accounts.
There have been taxes like this in the past during very stable economic times,we had this under Eisenhower,I don’t know why non wealthy people are so concerned abt the wealthy,they are doing better than they ever have&it isn’t a 70% tax on all their money,it is a progressive tax.
Good
Why? Hide the money 💰 now!
Yes! The poor billionaires scared they may have to pay their fair share. If the 1/10th of 1% keeps hoarding all the wealth, they won’t be able to hire enough protection to fend off the impoverished masses...they have guns too.
They are not worried about the ridiculous proposal. They are instead worried about what it's popularity with the people means. The rise of Populism.
The Left thinks we are afraid of AOC when in fact we hope and pray she stays on center stage. No better way to win back the House then to have her socialist ideals be front and center. Please keep her in the headlines.
I think noone is worried about what she has to say. They are just having a good laugh.
Good.
Total nonsense neither of the rich pay even 20% ask realDonaldTrump how to not pay tax. Just close the existing loopholes that should be more than enough
I am not making that kind of money and I doubt I will ever make. Honestly, isn’t %70 a little too high? Making $5M will not be any different than making $10M. This is simply unfair!!
Would like to think this could never happen again, but the republicans can't seem to find their way out of a paper bag, so stay tuned . . .
No one's individual wealth should give them power and control over anyone else.
Why? They’re her real bosses.
Well yeah... Cause it's a terrible idea.
Good
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