Three Progressives, Three Ways to Tax Millionaires: Here’s What Each Would Mean
“There’s likely never been a better time to tax the rich. Income inequality and wealth inequality have reached historic levels, conditions which experts warn are threatening the fabric of American society. At the same time, the wealthiest Americans now pay less as a percentage of their income than they have since the mid-1980s. Voters like the concept too: In a recent poll conducted by Morning Consult, 45 percent of all voters polled supported Ocasio-Cortez’s plan (as opposed to 32 percent who disapproved), including 31 percent of Republicans. Meanwhile, a whopping 61 percent of all voters, and 50 percent of Republicans, supported Warren’s plan.”