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US' youngest Congresswoman Alexandria Ocasio-Cortez suggests taxing the ultra rich up to 70% to fight climate change

Firstpost Monday, 7 January 2019
The proposal is part of an ambitious tax plan dubbed the "Green New Deal" that aims to eliminate carbon emissions by 2030. The self-described Democratic Socialist, Alexandria Ocasio-Cortez suggested taxing the ultra-wealthy up to 70 percent in order to finance the plan.
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News video: Alexandria Ocasio-Cortez Suggested a 70% Tax Rate on the Rich. Here’s How It Would Work

Alexandria Ocasio-Cortez Suggested a 70% Tax Rate on the Rich. Here’s How It Would Work 01:30

Should the richest Americans pay a 70% marginal tax rate? Alexandria Ocasio-Cortez, the 29-year-old New Yorker who recently became the youngest Congresswoman in history, says it's worth considering.

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