Why 70 Percent Tax Rates Cannot Finance Socialism

National Review

There’s no way to raise the money without hammering the middle class.

"Representative Alexandria Ocasio-Cortez’s call for a 70 percent income-tax rate to finance green-energy initiatives has energized the Left. Yet this is completely destructive proposal. A 70 percent tax bracket would raise very little (if any) revenue, while damaging the economy and sending income and jobs overseas.
"While details of Ocasio-Cortez’s energy proposal are unavailable, former Green-party presidential candidate Jill Stein has proposed a “Green New Deal” costing between $700 billion and $1 trillion per year for public jobs and clean energy initiatives. That is roughly 4 percent of GDP." . . .

Our New 'Most Dangerous of Morons'  . . . "For a sarcastic bastard like myself, Ocasio-Cortez and her constant stream-of-consciousness utterances are a target-rich environment.  As America's own special lacuna, she has much in common with our last president.  Except, to my eyes, she fills her empty suit a little better.  As with Barry, she knows very little about a lot of things and a lot about very little.  Yet she is pretty enough and enigmatic enough that people listen. 
"She is absolutely convinced that every idea she has for America's future is so good, so transformational, so "halting the rise of oceans" transcendent that we must all be forced to follow her down the Yellow Brick Road to a fantasy world where she is both Dorothy and the Wizard, happily dancing her Breakfast Club homage as we try not to look into her crazy eyes for fear we'll be turned to stone." . . . Read more..