Democrat Congresswoman calls for 70% tax rate to fund complete overhaul of energy production and usage

This is a must-read post that will explain why Ocasio-Cortez has absolutely no understanding of real economics.

WINTERY KNIGHT

Cost of renewable wind and solar energy Cost of renewable wind and solar energy

A top Democrat Congresswoman has announced her plan to convert all American businesses and individuals away from low-cost energy production (natural gas, etc.) to high-cost “green” energy sources.  The new government spending will require a tax rate of 70%, which means you (or your employer) will be taking home 30% of what they work for. Let’s look at the consequences of this plan.

Here is the report from Daily Signal:

Rep. Alexandria Ocasio-Cortez is ready to tax the rich to make her Green New Deal a reality.

“People are going to have to start paying their fair share in taxes,” the recently elected New York Democrat told TV show “60 Minutes” in an interview set to air Sunday.

Speaking of prior decades’ taxation rates in the country, Ocasio-Cortez added, “Once you get to the tippy tops, on your 10 millionth dollar, sometimes…

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