On several occasions, now, progressive candidates have endorsed the idea that we should tax the rich more, in contrast to the Republicans who have been on a decades long mission to reduce taxes on the rich and corporations. Usually, pundits have reacted as if the progressives had lost their mind to advocate such a “radical” if not “communistic” idea.
I do not think that the Democrats are at all surprised at the level of support for what the Progressives are proposing. Even as a Canadian I am FULLY aware that the majority of Americans and in particular those that deem themselves as supporters of the Democratic party have supported this stuff for YEARS.
We have been discussing this very thing on these boards for years.
It is not that those Democrats were not aware of this and are surprised at the level of support. It is because they always gave the 1 percent and their filthy lucre as their first priority.
AOC gets placed on the House Oversight Committee, chaired by Rep. Cummings. This ought to be an interesting ride.
Read Thom Hartmann’s “Rebooting the American Dream”. He discusses confiscatory taxation. It has happened numerous times in our history. Ronald Reagan cut the marginal income tax rate from 75 to 35 per cent…