Ocasio-Cortez says 'tax the rich' as 2020 Democrats debate taxation

Ocasio-Cortez says 'tax the rich' as 2020 Democrats debate taxation
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Freshman Rep. Alexandria Ocasio-CortezAlexandria Ocasio-CortezProgressives push for direct payments to be included in COVID-19 relief deal Rubio and Ocasio-Cortez spar on Twitter: 'Work more, tweet less' Harry Styles hits back at criticism over wearing dress on Vogue cover MORE (D-N.Y.) bluntly stated "Tax the rich" on Twitter Tuesday night as 2020 Democratic presidential candidates debated matters such as Sen. Elizabeth WarrenElizabeth WarrenCan Biden find a third way between Trumpism and Obama-era globalism? Left seeks to influence Biden picks while signaling unity Schwarzenegger says he would 'absolutely' help Biden administration MORE's proposed wealth tax. 

Ocasio-Cortez, a former organizer for Sen. Bernie Sanders's (I-Vt.) 2016 presidential campaign, made the statement as Warren faced scrutiny from a range of candidates, including Sen. Amy KlobucharAmy KlobucharSenate committee advances bill for national Latino museum Senate committee approves nominations of three FEC commissioners Scammers step up efforts to target older Americans during pandemic MORE (D-Minn.) and businessman Andrew YangAndrew YangGroups seek to get Black vote out for Democrats in Georgia runoffs Media and Hollywood should stop their marching-to-Georgia talk Andrew Yang: Democrats need to adopt message that government is 'working for them' MORE, about the potential impacts of her proposed wealth tax. 

Warren, who has seen her support gradually increase throughout the election cycle, has made a wealth tax a centerpiece of her campaign. The proposal calls for imposing a 2 percent tax on the wealth of people with more than $50 million in assets, while those with assets more than $1 billion would face a 3 percent tax.  


"I think this is about our values as a country. Right now in America, the top one-tenth of one percent have so much wealth," Warren said, later asking,"My question is not why do Bernie and I support a wealth tax, it's why does everyone else on the stage think it is more important to protect billionaires than it is to invest in an entire generation of Americans?"

"No one is supporting billionaires," former Vice President Joe BidenJoe BidenAppeals court OKs White House diverting military funding to border wall construction Federal student loan payment suspension extended another month Pentagon: Tentative meeting between spy agencies, Biden transition set for early next week MORE quickly responded. 

Klobuchar later took aim at the proposal, saying that "no one on this stage wants to protect billionaires."


"Not even the billionaire wants to protect billionaires. We just have different approaches," she said. 

Yang also said that the wealth tax makes a lot of sense "in principle," but noted that it had been tried and failed in countries such as Germany and Sweden. 

"If we can't learn from the failed experiences of other countries, what can we learn from?" he asked. 

Addressing the issue, Sanders, who has been outspoken about inequality, reiterated his demand that the wealthiest in America start paying their fair share in taxes.

"If you are asking me, do I think we should demand that the wealthiest, top one-tenth of 1 percent start paying their fair share of taxes, so we can create a nation and a government that works for all of us — yes, that's exactly what I believe," Sanders said.