Billionaires who hate Alexandria Ocasio-Cortez's 70% tax on the superrich are adamant it will hurt the economy — but history suggests otherwise

When Rep. Alexandria Ocasio-Cortez of New York first unveiled a plan to hike taxes for the superrich, the outrage was harsh and swift. The proposal — which calls for the marginal tax rate on income above $10 million to be increased significantly, to 70% — faced immediate opposition from high-ranking Republican officials. Other pundits on social media used intense rhetoric in an attempt to discredit her proposition.
Read more: https://www.businessinsider.com/alexandria-ocasio-cortez-70-percent-marginal-tax-fix-impact-on-economy-2019-2?source=Snapzu