Rep Ocasio-Cortez and her progressive followers think taxing the rich at 70% will bring in lots of tax money. It won't.
Progressive populists have decided making a lot of money is prima facie evidence of criminality and that inequality is the cardinal sin of our age. Nope.
New Census data showing record levels of income and no increase in inequality should be cause for celebration.
Why can't we liberated moderns?
State licensing laws for low-income professions limit access to jobs and restrict mobility for those who have them. That's a recipe for economic inequality.
But not a desire for greater fairness.
Government officials talk a good game about income inequality but impose policies that raise household costs, discourage employment, and kill opportunity.