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fearmongering

Alexandria Ocasio Cortez was interviewed on 60 minutes and reminded everyone of how America used to tax using a marginal rate structure. For example, both FDR and Kennedy taxed earners who made over a certain amount of money (typically in the millions) at between 70 and 90% on the amount above that threshold. This is how the country was able to build its infrastructure between 1930 and 1950.

Today that top marginal rate is only 39% which is what is helping to feed income inequality. So now watch Kyle Kulinski express his disgust at the lack of education because a big hike to the old level would today only impact about 16,000 of the top earners in the country. But the right blew some arteries by either forgetting history or being incredibly disingenuous when they saw her interview.

You have to love Kyle's indignation here because he is so gob smacked that people don't know what a marginal tax rate means and yet criticize her for being a commie....














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