Can liberals do math?
Can Liberals Do Math? The Problem With Warren’s Wealth Tax
While it would require the equivalent of 20% of GDP to fund all the social programs Cortez desires, taxing all income above “only” $1 million at 100% (assuming everyone continues working the same amount) would raise “only” 3.8% of GDP. There simply aren’t enough wealthy people to fund what Ocasio desires, as her 70% tax would only raise between $16.4 billion and $38 billion a year.
Certainly, those like Cortez must know better. In one breath she (and others like her, such as Bernie Sanders) cite the Scandinavian countries as successful examples of socialism but never mention that it’s the middle class paying 50%+ tax rates there. She knows just as every other politician does that if you want to sell a tax hike to the American public, you don’t want them believing it’ll apply to them personally. The only liberals who seem to be aware of this are the ones that Democrats would rather not run for President.
Um no.
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No they cannot
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