“I think that it only has ever been radicals that have changed this country,” Rep. Alexandria Ocasio-Cortez said.
| Brendan Smialowski/AFP/Getty Images Congress Ocasio-Cortez floats 70 percent tax on the super wealthy to fund Green New Deal.
Rep. Alexandria Ocasio-Cortez (D-N.Y.) is floating an income tax rate as high as 60 to 70 percent on the highest-earning Americans to combat carbon emissions.
“What is the problem with trying to push our technological capacities to the furthest extent possible?”
“There’s an element where yeah, people are going to have to start paying their fair share in taxes.”.
Ocasio-Cortez pointed out that in a progressive tax rate system, not all income for a high earner is taxed at such a high rate.
Rather, rates increase on each additional level of income, with dramatic increases on especially high earnings, such as $10 million. »