AOC's 70 percent tax rate for millionaires more popular than GOP tax scam
Why did it take this long to have a substantive discussion about our country’s (notoriously poorly understood) marginal tax rates?
And why did it take a 29-year-old political neophyte to shatter the Overton window when it comes to our plutocrat-friendly tax system?
Something’s happening, folks, and it’s seismic. The political terra firma on this issue is shifting faster than Marcus Bachmann’s boxer briefs at a Channing Tatum film festival.
[R]ecent polling, including a new INSIDER poll, has found strong support for hiking marginal tax rates on the super-rich.
INSIDER asked respondents how they felt about lifting the tax rate to 70% for all income earned over $10 million, while keeping tax rates for income below the $10 million threshold at the current rates.
Overall, 38.7% supported the tax hike, while 34.4% opposed it — 13.5% of respondents said they didn't have an opinion.
That’s still something short of a consensus, but then again, Alexandria Ocasio-Cortez, who pretty much singlehandedly put this idea back into the mainstream political discourse, doesn’t have the benefit of the presidential bully pulpit.
And, well, the “socialist” plan is already more popular than Trump’s tax scam:
So far, Ocasio-Cortez's proposal is polling better than the 2017 Republican tax cuts.
According to an October Gallup poll, 39% of Americans approved of the tax cuts, while 46% disapproved. And 51% of respondents said the tax cuts hadn't yet helped them financially.
D’oh!
Like I said, something is happening.
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