Published on Mar 4, 2019
Alexandria Ocasio-Cortez Proposes 70% Taxation to Pay for âGreen New Dealâ
By Joel B. Pollak
Newly-installed Rep. Alexandria Ocasio-Cortez (D-NY) is calling for 70% taxation on the wealthy as a way to pay for her âGreen New Deal,â which proposes to use government to create new jobs by investing in renewable energy.
In an interview set to air Sunday on CBS Newsâ 60 Minutes, Ocasio-Cortez â who has begun referring to herself by the nickname, âAOCâ â told Anderson Cooper that the âGreen New Dealâ would ârequire a lot of rapid change that we donât even conceive as possible right now,â including raising taxes to a marginal rate of 70%, as in the 1960s.
AOC referred to the 70% rate on people at the âtippy-topsâ as the rich merely paying their âfair shareâ of the tax burden.
She compared the âGreen New Dealâ to other âradicalâ policies like President Abraham Lincoln signing the Emancipation Proclamation, and President Franklin Delano Roosevelt launching Social Security in the New Deal.
As Breitbart News has noted, the âGreen New Dealâ is in fact an old idea, first championed by President Barack Obamaâs âgreen jobsâ czar, Van Jones. It seeks to implement classic socialist policies of state-run enterprises, using the pretext of an environmental crisis.
To that end, proponents often exaggerate the threat of climate change and other environmental challenges. AOC herself has warned of âcataclysmic climate disasterâ unless the United States moves to 100% renewable energy sources in the next ten years.
In comparison, California â the most ambitious state in âgreenâ energy policy â has merely set itself a goal of 100% renewables by 2045, more than 25 years away.
Obamaâs âgreen jobsâ program was a notable failure, with many investments failing to pay off â most notoriously the solar panel company Solyndra, which failed after Obama, Vice President Joe Biden, and others held it up as a model.
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