A "lobbyist for a major bank" told Reuters that they're afraid to meet with Alexandria Ocasio-Cortez, who now sits on Congress's Financial Services Committee, because "anything you do or say can be used against you" -- the lobbyist likened meeting with AOC to "going in to talk to the FBI." Read the rest
Microsoft co-founder Bill Gates made some comments this week on the 'tax the rich' ideas making the rounds in America.
Taxing the rich is fine, he said in an interview with The Verge, and "more progressive" taxes on the ultra rich are okay.
Gates then went on to characterize Alexandria Ocasio-Cortez as an 'extreme' politician who is missing the point by focusing on targeting high income brackets. Read the rest
After the 2020 census, the nation's electoral districts will be redrawn and it's a widely accepted fact that New York City will lose a seat, despite its growth since the 2010 census. Read the rest
The Democrats have started hearings on HR1, a comprehensive anti-corruption and voting rights bill, and House Oversight and Government Reform Committee member Alexandria Ocasio-Cortez gets to participate, which is great news for all of us. Read the rest
Why are policies like a 70% tax on income over $10m and a 2% annual tax on personal wealth over $50m (with an additional 1% on wealth over $1b) so amazingly popular with Democrats and Republicans? Well, according to Fox News, it's because "the idea of fairness has been promoted in our schools for a long time, and we're starting to see kids who have grown up with this notion of 'fairness above all' and now they're becoming voting age and they're bringing this ideology with them." Read the rest
Just as the purpose of a tobacco tax is not to pay for cancer treatment, the purpose of Alexandria Ocasio-Cortez's wildly popular proposal to tax income over $10m at 70% is to correct inequality and reduce the corrosive power of extreme wealth to distort political decisionmaking, not to fund programs. Read the rest
Oh, sure, the Democratic leadership says it takes climate change seriously, but that same leadership has sidelined the Green New Deal and gutted the climate committee, replacing it with a lame-duck committee led and staffed by beneficiaries of big energy sector dollars. Read the rest
At the World Economic Forum in Davos, Switzerland, Michael Dell was asked about Alexandria Ocasio-Cortez's wildly popular proposal to tax income over $10,000,000 at 70%, but before he could answer ("I’m not supportive...And I do not think it will help the growth of the US economy") the audience erupted into laughter, according to CNN. MIT's Erik Brynjolfsson (previously), a co-panelist, was more bullish: "There’s actually a lot of economics that it's not necessarily going to hurt growth and I think we have to examine it more closely." (Image: AOC) Read the rest
Matt Taibbi (previously) is in characteristically fine form here: the average Congressjerk is mythologized as a "brilliant 4-D chess player" but "would lose at checkers to a zoo gorilla": they are only in office because "someone with money sent them there, often to vote yes on a key appropriation bill or two. On the other 364 days of the year, their job is to shut their yaps and approximate gravitas anytime they’re in range of C-SPAN cameras." Read the rest
It's been three days since C-SPAN posted Alexandria Ocasio-Cortez's amazing, stirring freshman speech from the floor of Congress, and it has smashed all Congressional C-SPAN records with 3.1m views (as of the time of writing); at this rate, it may catch up with C-SPAN's most popular Senate video, the Kamala Harris/Brett Kavanaugh video, with 7.14m views. Read the rest
During a 60 Minutes interview Alexandria Ocasio-Cortez casually mentioned that she thought that America's super-rich should pay a marginal tax-rate of 70% on annual earnings over $10,000,000 (which is a better deal than they got under Reagan); since then, the proposal has roiled the political classes and billionaire-backed news outlets, who coincidentally oppose taxing billionaires. Read the rest
Alexandria Ocasio-Cortez (previously), the youngest woman ever elected to Congress, has proposed abolishing Columbus Day (which honors a raping, murdering, enslaving, genocidal pedophile) and replacing it with a day off for voting (which most other developed democracies give their citizens). Read the rest
