5 years ago
Billionaires who hate Alexandria Ocasio-Cortez's 70% tax on the superrich are adamant it will hurt the economy — but history suggests otherwise
When Rep. Alexandria Ocasio-Cortez of New York first unveiled a plan to hike taxes for the superrich, the outrage was harsh and swift. The proposal — which calls for the marginal tax rate on income above $10 million to be increased significantly, to 70% — faced immediate opposition from high-ranking Republican officials. Other pundits on social media used intense rhetoric in an attempt to discredit her proposition.
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