Ocasio-Cortez’s 70% Tax Idea Isn’t Very Radical

Ocasio-Cortez’s 70% Tax Idea Isn’t Very RadicalThis tax, Ocasio-Cortez declared, would fund her so-called Green New Deal, a still-developing plan to eliminate fossil-fuel energy by 2030 and lower inequality. Ocasio-Cortez’s plan would thus be a return to the 20th century norm — in fact, not even that, because the cutoffs for those very high tax brackets were often much lower than $ 10 million, even after adjusting for inflation.

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