Democrats are going full class warfare, bashing the rich for not paying their fair share of taxes, rigging the economy, and buying democracy. Sen. Elizabeth Warren, D-Mass., complained about a “system that has been rigged by the wealthy,” this month.
In response, Democrats want dramatically higher taxes on these robber barons. Rep. Alexandria Ocasio-Cortez, D-N.Y., has proposed raising the top income tax rate to 70 percent. Julian Castro has floated a 90 percent rate. Warren wants to go so far as seizing a portion of the super wealthy’s property each year.
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