Elder Patriot – Alexandria Ocasio-Cortez is either ignorant of proven economic principles or a Marxist, or both.
While sitting for an interview that will air Sunday on CBS News’ 60 Minutes, Ocasio-Cortez told Anderson Cooper that her “Green New Deal” would “require a lot of rapid change that we don’t even conceive as possible right now.”
OAC, as she now refers to herself said that would include raising taxes to a marginal rate of, an economy killing, 70%.
It’s hard to believe how quickly this Marxist moved to kill economic growth after Americans suffered through a meager 2% growth rate the past eight years under Obama’s tight regulatory business environment.
And remember this, under Obama, the highest marginal tax rate was only slightly more than half OAC’s 70% estimate.
What part of the past eight years, when investors deserted the United States because of those non-competitive tax rates did she miss?
OAC’s “Green New Deal” isn’t new at all. It’s as old as Marxism itself. Create a crisis, in this case a faux environmental one, and institute tight government controls that require higher taxes to implement. The more money pouring into government the more money the criminals in charge can siphon for themselves.
Recall the failure of Obama’s green jobs initiative that saw massive monetary infusions from America’s taxpayers into renewable energy companies that did little but lose money. Not that Democrats cared.
Solyndra was one such debacle.
The solar panel manufacturer took $535 million from Obama’s stimulus then went bust, sticking taxpayers for the loss after lying to federal officials to secure the loan in the first place.
If you want to know why the Obama administration failed to properly vet the loan (Solyndra management wildly inflated the company’s financial profile) you might want to investigate the rumors that $50 million of that loan found its way back into DNC coffers.
Former Vice President Al Gore began the environmental crisis scam, and Obama advanced it when he appointed “green jobs” czar, Van Jones.
Remember Rahm Emanuel discussing the opportunities open to Obama’s Marxist believers following the manufactured financial crisis of 2008?
Democrats used that crisis to pass Dodd-Frank (severely restricting small business growth), Obamacare (the first step in nationalized healthcare that would result in seizing government control of one-sixth of the U.S. economy) and $3 Billion in a Quantitative Easing slush fund that Obama used to buy the fealty of multinational corporations and to reward Democratic campaign donors.
Faux crisis are used as a rallying cry – Too Big to Fail – to implement socialist policies.
In the case of environmental extremism, the strategy is to create state-run enterprises, using the pretext of an environmental crisis.
For Al Gore, and the Marxist-Democrats who have followed him, the strategy is to exaggerate the threat of irreversible climate change that they claim must be prevented immediately – and only massive government (read money) involvement can solve it.
The fact that the government has a longer record of making problems worse than solving them is something Marxist-Dems would rather ignore.
AOC herself has warned of “cataclysmic climate disaster” unless the United States moves to 100% renewable energy sources in the next ten years.
Where did we hear that before?