What does the U.S. need? Higher taxes

February 9, 2019  —  By

If you’ve consumed any news this year, you’ve heard about U.S. Congresswoman Alexandria Ocasio-Cortez’s signature proposal to raise her country’s top income-tax rate to 70 per cent. The idea, from the standard bearer for the millennial wing of the Democratic Party, has right-wing commentators apoplectic – “my God, it’s socialism!” – and many of the left cheering – “thank God, it’s socialism!”

Meanwhile, Senator and presidential hopeful Elizabeth Warren is calling for a new tax on wealth – but on capital rather than annual income. It’s generating a similar respons

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