Attendees at the World Economic Forum in Davos, Switzerland, are worried about Rep. Alexandria Ocasio-Cortez (D-N.Y.). So says CNBC, which reports that the multimillionaires and billionaires at the annual elite gathering are all but quaking in their expensive winter boots at the thought of her proposed 70 percent marginal income tax rate. “It’s scary,” claimed Scott Minerd, a high-ranking executive at investment firm Guggenheim Partners.
But no one could top Ken Moelis, the head of the Moelis & Co investment bank, who claimed the freshman congresswoman’s proposal would “be disastrous for the economy,” because it would take away the incentive to work. He also asked:" “What’s going to happen to the two-workforce family? You forget where 70 percent starts to kick in.”
Another of those Marie Antoinette moments. These “Captains of Industry” are so insulated from reality and so out of touch with the same , they somehow believe 2 income familes are earning 10 million dollars a year.
Yet these guys are designing Public Policy for the next decades and the Davos meeting has political leaders from the world over attending to bring these initiatives home with them. When have Political leaders attended a poor peoples convention in such numbers?
Again , meetings like those at Davos show that there IS NO DEMOCRACY. It is all Oligarchy.
These rich boys should be scared. There are more of us than there are of them.
Yeah, Billions more of us.
They own governments and private armies. All local police departments work for them. I’m sure they’re terrified of the next march on the UW Madison campus…
So what if they are not Inscentavised to make more millions, how much does one need .All people’s deserve life with dignity,education,shelter, food ,Health care ,enough so they can live decent lives .
Let them stop working we do not need these greedy people they are parasites .