After 3 Decades, Privatization Has Been Proven A Failure. Let’s Bury It For Good.

New York Rep. Alexandria Ocasio-Cortez’s suggestion to raise the top marginal tax rate to 70 percent has reignited a long overdue debate about taxation. The idea that lower taxes on corporations and the wealthy is key to a healthy economy—known as “trickle-down economics”—has been the mainstream political consensus since the 1980s. By explaining that massively increasing taxes on the super-rich can help fund social programs like Medicare for All, tuition-free college, a jobs guarantee and a Green New Deal, Ocasio-Cortez has rightly disrupted the politics of austerity that has dominated both major political parties for decades. 
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