Davos audience erupts in uneasy laughter at mention of AOC's proposal for a 70% tax on income over $10,000,000

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

Trump White House cancels Davos trip for World Economic Forum

The planned delegation included Pompeo and Mnuchin.

White House press secretary Sarah Sanders says the Trump administration has canceled a planned trip to Davos, Switzerland, for the World Economic Forum. The announcement was made today, Thursday, the 27th day of Trump's partial government shutdown. Read the rest