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Rep. Ocasio-Cortez Debunks Myths About A 70% Marginal Tax - YouTube
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>> Stephen: HEY EVERYBODY!
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WE'RE BACK HERE WITH ALEXANDRIA
OCASIO-CORTEZ.
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THE NEW CONGRESSWOMAN FROM
QUEENS.
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NOW, CONGRESSWOMAN, FOR YOU AND
OTHER FRESHMEN MEMBERS OF
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CONGRESS, YOU'RE GETTING A FAIR
AMOUNT OF PUSHBACK FROM EVEN
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MEMBERS OF YOUR OWN PARTY SAYING
WAIT YOUR TURN, GO SLOW, DON'T
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ASK FOR SO MUCH SO FAST RIGHT
NOW.
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YOU'RE NEW, WAIT YOUR TURN FOR
EVERYTHING AND DON'T MAKE WAVES.
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( AUDIENCE BOOING )
>> Stephen: I WANT TO ASK THIS
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QUESTION IN A RESPECTFUL MANNER,
KNOWING ALSO THAT YOU'RE FROM
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QUEENS, SO YOU WILL UNDERSTAND
THIS QUESTION.
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( CHEERING )
ON A SCALE FROM ZERO TO SOME,
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HOW MANY ( BLEEP ) DO YOU GIVE
>> ZERO.
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>> Stephen: THAT'S MY THOUGHT!
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( CHEERS AND APPLAUSE )
SO WH WHAT DO YOU SAY TO THE PEO
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WHO SAY WE NEED PARTY UNITY AND
WE CAN'T HAVE YOU MEETING WITH
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THE PEOPLE WHO ARE OCCUPYING
PELOSI'S OFFICE BECAUSE THAT
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SHOWS A DIVIDED FRONT FOR THE
DEMOCRATS THAT THE OPPOSITION
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PARTY CAN TAKE ADVANTAGE OF?
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>> IT'S HOW WE CHOOSE TO
INTERPRET ITEMS AND HOW WE
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CHOOSE TO INTERPRET EVENTS AND
THINGS LIKE ACTIVISM AND
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ADVOCACY.
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IF YOU THINK ACTIVISM IS
INHERENTLY DIVISIVE -- I MEAN,
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TODAY IS MARTIN LUTHER KING DAY.
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PEOPLE CALLED MARTIN LUTHER KING
DIVISIVE IN HIS TIME.
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WE FORGET HE WAS WILDLY UNTOP
LAR WHEN ADVOCATING FOR THE
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CIVIL RIGHTS ACT.
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SOCIAL MOVEMENTS SHOULD BE THE
MORAL COMPASS O.
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( CHEERS AND APPLAUSE )
>> Stephen: YOU BROUGHT THE
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BOOK "WHY WE CAN'T WAIT."
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( CHEERS AND APPLAUSE )
>> YES.
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>> Stephen: I HAVE TO GET INTO
ONE POLICY ISSUE WITH YOU HERE
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IS THAT YOU HAVE PROPOSED A 70%
TAX ON RICH FOLKS.
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( CHEERS AND APPLAUSE )
NOW, I HAVE NO -- I HAVE NO DOG
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IN THIS FIGHT --
( LAUGHTER )
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-- I'M JUST CURIOUS, HOW WOULD
THAT WORK?
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( LAUGHTER )
WHAT IF SOME OF THE MONEY IS IN
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THE CAYMAN ISLANDS?
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HOW WOULD THAT WORK?
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>> SIGNING THIS IS SOMETHING WE
OFTEN SEE, TOO, WITH FOX NEWS.
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IT'S, LIKE, THEY WANT TO TAKE
ALL YOUR MONEY!
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AND WHEN WE TALK ABOUT A 70%
MARGINAL TAX RATE, IT'S NOT ON
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ALL OF YOUR INCOME, IT'S ON YOUR
$10,000,001.
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YOUR DOLLARS AFTER 10 MILLION,
YOUR DOLLARS ARE TAXED AT AN
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INCREASED RATE.
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IT'S THE TAX RATE INTERPRETATION
TO ONE ANSWER TO THE QUESTION OF
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AT WHAT LEVEL ARE WE REALLY JUST
LIVING IN EXCESS AND WHAT KIND
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OF SOCIETY DO WE WANT TO LIVE
IN, AND DO WE WANT TO LIVE IN A
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CITY --
( CHEERS AND APPLAUSE )
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-- FOR EXAMPLE, DO WE WANT TO
LIVE IN A STAR WHERE
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BILLIONAIRES HAVE THEIR OWN
PERSONAL UBER HELIPADS, WHEN
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PEOPLE --
>> Stephen: YOU CAN GET THOSE?
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OH, YEAH.
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>> Stephen: BECAUSE THE
TRAFFIC IN THE TUNNEL SUCKS.
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GOOD TO KNOW.
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GO AHEAD.
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>> SO DO WE WANT THESE KIND OF
FOLKS WITH HELIPADS IN THE SAME
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CITY AND SOCIETY AS PEOPLE WHO
ARE WORKING 80 HOUR WEEKS AND
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CAN'T FEED THEIR KIDS?
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>> Stephen: AND THIS KIND OF
TAX RATE WAS THE NORM UNTIL THE
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EARLY '80s.
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>> IT WAS.
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THIS IS NOT A NEW IDEA.
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PEOPLE ARE YELLING SHE'S A
SOCIALIST, SHE WANTS 70%
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MARGINAL TAX RATES.
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UNDER REPUBLICAN ADMINISTRATION,
DWIGHT EISENHOWER, WE HAD 90%
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MARGINAL TAX RATES.
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>> Stephen: BUT I WANT TO
POINT OUT, SHE'S A SOCIALIST AND
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WANTS 70% TAX RATES, THOSE ARE
BOTH CORRECT?
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>> DEMOCRATIC SOCIALIST.
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VERY DIFFERENT.
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( APPLAUSE )
>> Stephen: THANK YOU FOR
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BEING SHEER.
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HOPE WE SEE YOU MANY TIMES IN
THE FUTURE.
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CONGRESSWOMAN ALEXANDRIA
OCASIO-CORTEZ, EVERYBODY!
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BACK WITH METHOD MAN!
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