Re:Ocasio-Cortez Says 70% Ultra-Rich Tax Could Pay for Clima...
by loeg on Friday January 04, 2019 @04:15PM
(#18827698)
Technically correct, although dividends were excluded from the high income rate, so most ultra-wealthy just took much of their income in dividends instead. (Or pursued other means of tax avoidance[0], or tax evasion[1].)
[0]: i.e., legal
[1]: i.e., illegal
Re:Ocasio-Cortez Says 70% Ultra-Rich Tax Could Pay for Clima...
by kansface on Friday January 04, 2019 @04:02PM
(#18827577)
> income tax rates under Eisenhower were as high as 90 percent.
Climate change is not WWII.
Re:Ocasio-Cortez Says 70% Ultra-Rich Tax Could Pay for Clima...
by kenforthewin on Friday January 04, 2019 @04:04PM
(#18827594)
You're right - the stakes are much higher with climate change.
Re:Ocasio-Cortez Says 70% Ultra-Rich Tax Could Pay for Clima...
by kansface on Friday January 04, 2019 @04:09PM
(#18827640)
Sure, but they are not imminent (what is the pearl harbor of climate change?). Further, climate change is highly politicized whereas WWII mobilized the entire country in purpose.
Re:Ocasio-Cortez Says 70% Ultra-Rich Tax Could Pay for Clima...
by InitialLastName on Friday January 04, 2019 @05:01PM
(#18828086)
> what is the pearl harbor of climate change?
I'd say Katrina, Sandy, Irene, Maria, Camp, Woolsey, and Mendocino, but if you're not convinced already you'll never be.
Re:Ocasio-Cortez Says 70% Ultra-Rich Tax Could Pay for Clima...
by sierdolij on Friday January 04, 2019 @05:02PM
(#18828093)
Disclaimer: I'm apolitical because right/left is divide-and-conquer, divided-we-fall noise.
Climate change shouldn't be political or some far-off hypothetical.. no propaganda, rationalization or BS can deny the mountain of evidence that it's an immediate, existential threat that demands immediate, decisive action on the decatrillion-dollar moonshot scale (roughly the total, multi-decade cost of Iraq & Afghanistan).
Re:Ocasio-Cortez Says 70% Ultra-Rich Tax Could Pay for Clima...
by Daishiman on Friday January 04, 2019 @04:03PM
(#18827588)
No, it is actually much, much worse.
Re:Ocasio-Cortez Says 70% Ultra-Rich Tax Could Pay for Clima...
by kuhhk on Friday January 04, 2019 @07:12PM
(#18828983)
> income tax rates under Eisenhower were as high as 90 percent.
> Climate change is not WWII.
The sentence you highlighted has nothing to do with WWII.
Eisenhower was president from 1953 to 1961.
> Sanders said income tax rates under Eisenhower were as high as 90 percent.
> A look through the records shows that top earners in the eight years of Eisenhower’s presidency paid a top income tax rate of 91 percent. It was even a bit higher before he took office.
> We rate Sanders’ statement True.
[1] https://www.politifact.com/truth-o-meter/statements/2015/nov...