Socialist Congresswoman Alexandria Ocasio-Cortez (D-NY) made headlines when she suggested raising taxes to 70%. Presumably, those would be levied against the wealthy.
But one fellow socialist congresswoman thinks that’s not high enough. Congresswoman Ilhan Omar (D-MN) suggested raising taxes as high as 90% in order to pay for the “Green New Deal.”
From Yahoo News:
Weeks after Rep. Alexandria Ocasio-Cortez, D-N.Y., made headlines by calling for a top marginal income tax rate of 70 percent in an interview with “60 Minutes,” her fellow freshman congresswoman, Rep. Ilhan Omar, D-Minn., suggested that the rich could pay even more.
“There are a few things that we can do,” Rep. Omar said in an interview with “Through Her Eyes.” “One of them, is that we can increase the taxes that people are paying who are the extremely wealthy in our communities. So, 70 percent, 80 percent, we’ve had it as high as 90 percent. So, that’s a place we can start.”
“The one percent must pay their fair share,” she continued.
Rep. Omar mentioned the tax increase as a way to pay for programs like Medicare for All and the Green New Deal being championed by Rep. Ocasio-Cortez.
In addition to increasing taxes to 90%, Omar wants to gut the defense budget. But the first problem with raising taxes and gutting the defense budget is that it still wouldn’t be enough to pay for the far-left agenda.
The second problem is confiscatory tax hikes create a whole new problem. It is much easier for wealthy people to move their income and wealth offshore than it was in the 1950s, which was the last time these taxes were levied. Capital can move across international borders at the press of a button.
Finally, gutting the defense budget has negative consequences. The gutting of defense will only embolden America’s enemies such as China, Russia, and radical Islam. A world that does not have the United States as the unquestioned military superpower is one that is less free and less prosperous.
The fact that Democrats are now openly talking these far-left proposals show how insane Democrats have become. All they had to do was not go crazy and now they can’t do that.