[ [link removed] ]Alexandria Ocasio-Cortez for Congress


Every day
is a good day to talk about taxing the rich.

Whether the message is on a [ [link removed] ]sweatshirt or [ [link removed] ]something more formal 👗,
the facts are the same. Politicians spent the better part the last 40
years cutting taxes for the rich – expecting wealth to “trickle down” to
the rest of us (spoiler alert: it doesn't).

In order to reshape our economy and make it work for all of us — not just
those who can self-fund their trips to space — we absolutely must Tax the
Rich. That’s why Alexandria has been pushing for higher taxes on the rich
and large profitable corporations in the Build Back Better bill.

In case you get into a conversation today about what exactly we mean when
we say “tax the rich,” here’s some more info to help you out:

So, why do we need to tax the rich?

* The super rich pay lower taxes than the poorest Americans. The United
States has a regressive tax system in which the richest people
actually pay lower effective tax rates across all levels of government
than the poorest people in our country. Seems hard to believe, right?
But it’s true.^1

* Taxes on the rich are much lower than they used to be. Check out this
graph from The New York Times comparing rates from 1950 to 2018.^2

* Two men — Elon Musk and Jeff Bezos — own more wealth than the bottom
40% of Americans combined.^3

* During the pandemic, U.S. billionaires saw their wealth go up 55% from
$2.95 trillion to $4.56 trillion. Just the gains they made over the
last year of this pandemic alone could pay for almost 70% of Biden’s
jobs plan.^4

* U.S. income inequality has returned to Gilded Age levels from the
early 1900s. Our inequality levels are the highest of all G7 countries
(UK, Italy, Japan, Canada, Germany, France).^5,6

* CEOs at large companies in the U.S. now make an astonishing 264 times
what the average U.S. worker makes.^7 In 1989, the ratio was 58-to-1,
and in 1965, it was 20-to-1.^8

* Polls show Americans don’t believe the rich pay their fair share, but
Republicans keep lowering their taxes. Gallup polls as far back as
1992 have shown that the vast majority of Americans want to tax the
rich more.^9 Even then, Presidents Bush and Trump pushed through
massive tax breaks for the wealthiest Americans.

Are you fired up and ready to tax the rich?

Good — because we can’t win this fight without grassroots activism and
organizing. If you know someone who might benefit from reading the facts
above, please forward them this email. When the rich finally pay their
fair share, we can have the funds to provide universal Pre-K, transition
our economy off of fossil fuels, rebuild our crumbling schools, and so
much more.

Thanks for continuing the conversation,

– Team AOC

P.S. You can also show your support with a "Tax the Rich" shirt or hoodie
— 100% of proceeds help fund Team AOC’s critical grassroots organizing and
campaigning for policies like this one. [ [link removed] ]Check out our “Tax the Rich”
collection >>

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1 - [ [link removed] ]New York Times
2 - [ [link removed] ]New York Times
3 - [ [link removed] ]Bernie Sanders
4 - [ [link removed] ]Institute for Policy Studies
5 - [ [link removed] ]Pew Research
6 - [ [link removed] ]Inequality.org
7 - [ [link removed] ]Inequality.org
8 - [ [link removed] ]MarketWatch
9 - [ [link removed] ]Gallup


 

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