Tag: Jeff Bezos

Capital is the Ability to Buy Other People’s Productivity

Roughly 1,000 news cycles ago—or at the beginning of January—Congresswoman Alexandria Ocasio-Cortez offhandedly proposed a 70% marginal tax rate on incomes over $10 million. The pro-wealth right wing responded in exactly the way that people expected. First, they deliberately misunderstood marginal tax rates. Second, they started complaining that a tax rate that high would be

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