Alexandria Ocasio-Cortez(AOC) has made quite a splash in Washington D.C. The freshman congressperson has managed to tick off the stodgy old corporate Democrats and Republicans while invigorating Progressives across the nation. Perhaps her biggest headline so far is her push for a 70% top marginal tax rate. This means that the top earners in this country, people who earn more than $10 million, would pay a 70% tax rate. This has made most conservative Republicans, like the fine folks over at Fox News, a.k.a. The Republican Propaganda Network, apoplectic. Republithugs and plutocrats alike have stepped forward to denounce the ‘socialist’ ideology of AOC. Former Wisconsin governor and derp-monger Scott Walker embarrassed himself by providing an inane example of the tax rate to school children. Billionaire Howard Schultz has stepped forward to proclaim, with a straight face no less, that this would not be good for him. Ahhhhh…poor little rich man!
Even people on the left have criticized AOC. Whoopi Goldberg, co-host on The View, stated that she needs to hush up and pay her dues. Speaker of the House Nancy Pelosi (like the true corporatist she is) has pooh-poohed the Green New Deal that AOC is proposing. Whenever we hear people criticizing this young idealistic woman, we think of the words of David Bowie from his classic song Changes.
And these children that you spit on
As they try to change their worlds
Are immune to your consultations
They’re quite aware of what they’re goin’ through
We think that the only reason these critics on the left are pissed is that they sold out to corporate or monied interests instead of vigorously pursuing the ideological dreams that AOC pushes. Of course, Hollywood is infamous for people having to ‘pay their dues’. It takes years, sometimes decades for actors and actresses to become ‘players’, so Ms. Goldberg’s comments shouldn’t surprise anyone who has been paying attention for the last fifty years.
The fact is that the 70% top marginal tax rate has been done before very successfully. During the ’50s, the “good ol’ days” as most conservative Republicans would call them, the top marginal tax rate was well above 70% and guess what…prosperity broke out. The interstate highway system was completed. The space program was booted up which kick started numerous industries which employed millions. And it worked because Eisenhower was president and no spoiled, well-to-do corporate plutocrat had the cojones to question the leader of the D-Day invasion. Ike knew what sacrifice meant and he expected all Americans, even the rich, to participate and aid the country. Now the plutocrats and the oligarchs have an entire party, the Republicans, to do their bidding and they’ve managed to steal away the wealth from most of the citizenry of America. The richest 1% owns 40% of this nation’s wealth, the greatest wealth gap in history.
Unfortunately, in doesn’t just stop in America. Because of capitalism, on a world wide scale, just under 50 people have more wealth than the bottom 3.7 billion people in the world. That’s greed, egotism, selfishness, competitiveness and materialism gone amuck in a ‘bigly’ way.
We wish AOC all the best on her Green New Deal crusade and her political career. It’s about time politicians in Washington start giving a damn about our planet and preparing for the future of all species of life. Give ’em hell, AOC!
Modern day plutocrats and their Republican lackeys abhor a 70% Top Marginal tax rate because they want all the money and all the power, but none of the responsibility.
