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Alexandria Ocasio-Cortez is right. A 70% tax on the rich makes sense

Source: The Guardian

If we are serious about tackling climate change, this is precisely the kind of policy we need to see

Alexandria Ocasio-Cortez has continued to show her power to steer the national political conversation. In an interview, Ocasio-Cortez suggested offhandedly that income above $10m may need to be taxed up to 70%, especially if we are going to get serious about halting climate change. Her idea instantly sparked indignant replies from the right. Grover Norquist compared it to slavery. National Review’s Brian Riedl called it “completely destructive”. Steve Scalise said she wanted to “take away 70% of your income and give it to leftist fantasy programs”. read more