new deal

The AOC effect: 70% marginal tax rate dissected

A high level of energy can spur growth or destroy:

Progressive House Democrat Alexandria Ocasio-Cortez called for a sharp tax hike on the highest incomes in order to fund a massive “Green New Deal” plan that would phase out fossil fuels by 2030, as she tries to push the political debate to the left.

“It’s ambitious,” the New York Representative told 60 Minutes in an interview scheduled to air Sunday. “It’s going to require a lot of rapid change that we don’t even conceive as possible right now.”

Several of my more intelligent (than me) friends have been explaining why this is a good idea, using frequent references back to when the tax rate for the wealthy was even higher than she's proposing. And those arguments are intellectually sound. But here's the thing: After some of the nasty battles we've fought within the party over the last several years, it's become apparent that many Democrats simply do not understand the ideological makeup of American voters. We haven't had a "landslide" Presidential election in numerous cycles, and for all practical purposes, our country is split 50-50. To say that's a "delicate balance" is a vast understatement. I'll continue below the fold, for brevity's sake:

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