Although the “conventional wisdom” and both political parties assume that the voters want to cut taxes, MOST AMERICANS WANT TO INCREASE TAXES ON THE RICHEST AMERICANS.
Ordinary people know that our tax system is grossly unjust, that the richest people are ripping us off, and that our nation and our states have huge needs that the “conventional wisdom” says we cannot afford to fund.
BALONEY!
Public opinion polls show ORDINARY PEOPLE ARE MUCH MORE PROGRESSIVE THAN THE POLITICIANS! This means that ORDINARY PEOPLE CAN ORGANIZE FROM THE GRASSROOTS to push for very progressive solutions to our public policy problems.
A 70% marginal tax on the super-rich has gone mainstream.
Alexandria Ocasio-Cortez’ calls for a 70% marginal tax rate on the ultra-wealthy earlier this month made a ripple across the mainstream media. And since, polls have shown that American voters overwhelming support her proposal. SEE THIS: https://thehill.com/hilltv/what-americas-thinking/425422-a-majority-of-americans-support-raising-the-top-tax-rate-to-70?link_id=17&can_id=1d662460c0abb8939c5044c82927552b&source=email-pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber&email_referrer=email_484217&email_subject=pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber
Read these sources of information:
Alexandria Ocasio-Cortez is floating a 70 percent top tax rate — here’s the research that backs her up, Matthew Yglesias, Vox: https://www.vox.com/policy-and-politics/2019/1/4/18168431/alexandria-ocasio-cortez-70-percent?link_id=18&can_id=1d662460c0abb8939c5044c82927552b&source=email-pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber&email_referrer=email_484217&email_subject=pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber
The Economics of Soaking the Rich, Paul Krugman, New York Times: https://www.nytimes.com/2019/01/05/opinion/alexandria-ocasio-cortez-tax-policy-dance.html?link_id=19&can_id=1d662460c0abb8939c5044c82927552b&source=email-pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber&email_referrer=email_484217&email_subject=pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber
Alexandria Ocasio-Cortez’ Tax Hike Idea is Not About Soaking the Rich, Emmanuel Saez and Gabriel Zucman, New York Times: https://www.nytimes.com/2019/01/22/opinion/ocasio-cortez-taxes.html?link_id=20&can_id=1d662460c0abb8939c5044c82927552b&source=email-pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber&email_referrer=email_484217&email_subject=pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber
Ocasio-Cortez wants higher taxes on very rich Americans. Here’s how much money that could raise. Jeff Stein, The Washington Post: https://www.washingtonpost.com/business/2019/01/05/ocasio-cortez-wants-higher-taxes-very-rich-americans-heres-how-much-money-could-that-raise/?can_id=1d662460c0abb8939c5044c82927552b&email_referrer=email_484217&email_subject=pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber&link_id=21&noredirect=on&source=email-pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber&utm_term=.cc161f959379
With Alexandria Ocasio-Cortez, Americans Finally Have a Politician Who Agrees With Them About Taxes, Jon Schwarz, The Intercept: https://theintercept.com/2019/01/21/ocasio-cortez-marginal-tax-rate/?link_id=22&can_id=1d662460c0abb8939c5044c82927552b&source=email-pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber&email_referrer=email_484217&email_subject=pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber
Greg Leiserson of the Washington Center for Equitable Growth just published a new explainer on net worth taxes: https://equitablegrowth.org/wealth-taxation-an-introduction-to-net-worth-taxes-and-how-one-might-work-in-the-u-s/?link_id=23&can_id=1d662460c0abb8939c5044c82927552b&source=email-pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber&email_referrer=email_484217&email_subject=pledge-update-shutdown-protest-la-teachers-tax-the-rich-womens-agenda-rev-barber
Senator Elizabeth Warren released a proposal that would levy a 2% wealth tax on Americans with assets above $50 million: https://www.zerohedge.com/news/2019-01-24/elizabeth-warren-proposes-2-wealth-tax-americans-worth-50-million-or-more