Democrat Congresswoman calls for 70% tax rate to fund complete overhaul of energy production and usage

Cost of renewable wind and solar energy
Cost of renewable wind and solar energy

A top Democrat Congresswoman has announced her plan to convert all American businesses and individuals away from low-cost energy production (natural gas, etc.) to high-cost “green” energy sources.  The new government spending will require a tax rate of 70%, which means you (or your employer) will be taking home 30% of what they work for. Let’s look at the consequences of this plan.

Here is the report from Daily Signal:

Rep. Alexandria Ocasio-Cortez is ready to tax the rich to make her Green New Deal a reality.

“People are going to have to start paying their fair share in taxes,” the recently elected New York Democrat told TV show “60 Minutes” in an interview set to air Sunday.

Speaking of prior decades’ taxation rates in the country, Ocasio-Cortez added, “Once you get to the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60 or 70 percent.”

What is this money for? To convert all existing energy production away from low-cost energy sources:

Among its goals are meeting “100 percent of national power” demand through renewable sources, retrofitting “every residential and industrial building for state-of-the-art energy efficiency, comfort, and safety,” and eliminating “greenhouse gas emissions from the manufacturing, agricultural, and other industries.”

Those changes are going to come with real costs. According to an editorial for Investor’s Business Daily, moving the economy away from fossil fuels to 100 percent renewable energy will come “at a cost of about $5.2 trillion over 20 years.”

You’ll be paying more for energy usage. And what’s more, your EMPLOYER will be paying more for energy usage, which means that a lot of people will be losing their jobs in order to make ends meet.

Even if we’re willing to shoulder the costs, it’s, well, impossible to achieve.

“Producing 100 percent of electricity from renewable sources is a practical impossibility in the near future,” stated a report issued by the Senate Republican Policy Committee in December.

Keep in mind that Ocasio-Cortez also wants to spend another $32 trillion over 10 years nationalizing the health care industry and turning it into an expensive single payer scheme. In Canada, single payer health care costs the average family about $11,000 in taxes, and they get inferior health care (long wait times, lower success rates for cancer / disease treatments, etc.). In 2018, the entire federal budget was $4 trillion. Adding $3.2 trillion (for single payer health care) and $0.52 trillion (for green energy total makeover) will DOUBLE the current budget, and give us $5 trillion dollar annual deficits. The entire national debt is currently $22 trillion, and we’d be adding $5 trillion per year to it. Interest payments on the debt would quickly take over the budget, blocking out all other spending.

Three points

I want to make three points about this.

First, even if we take every penny from “the tippy top” producers in America, we can’t afford a fraction of what all these big government programs will cost. In 2011, the Tax Foundation explained that even if you taxed ALL THE INCOME from all the people who make $200,000 or more, you would only raise $1.53 trillion dollars. We have to come up with $5 trillion annually to cover all this spending.

In any case, the rich are already paying “their fair share of taxes”:

The highest earners already pay the most taxes
The highest earners already pay the most taxes

Half the country doesn’t pay income tax at all, and that’s only going to increase because Democrats keep importing uneducated, unskilled immigrants.

Secondly, raising the tax rates does not guarantee that you will get more money from the people you are taxing. The same person who works 70-hour weeks in order to keep 70% of the $200,000 they earn will not work as hard if you only let them keep 30% of the $200,000 they earn. What will they do instead? Well, they can leave the country. They can hide their income by moving into the underground economy. They can downsize their business by laying off young, inexperienced workers. But most likely, they will just take a break, and reduce the amount of hours, so that they work normal hours in an easy job.

Raising tax rates just causes people to work less and pay less
Raising tax rates just causes people to work less and pay less

Democrats are the party of slavery, so they think that they can enslave people and those people will keep working. It’s not true. People are not slaves, and if you take most of what they earn, they they will stop working. I would personally quit my job and scale down to a regular job if someone raised my taxes over the 30% I pay right now.

Third, U.S. emissions already way down under Trump, because one of the first things he did was deregulate the energy industry, setting them free to innovate. Surprise! If the American people decides that pollution is a problem, then private sector businesses are going to have to solve that problem, since they can only profit by pleasing their customers. The American energy businesses were able to come up with innovative drilling techniques to extract natural gas, with virtually zero impact on the environment.

The Washington Times explains:

The Environmental Protection Agency announced Wednesday that U.S. greenhouse gas emissions dropped by 2.7 percent last year, the first year of the Trump presidency, even as the administration slashed environmental regulations and global emissions continued to climb.

The United States has cut carbon emissions more than any other country on the planet, despite not taking part in socialist climate accords:

Carbon emissions have declined more than any other country
United states carbon emissions have declined more than any other country

The problem with Democrat like Ocasio-Cortez is that don’t see how allowing businesses to innovate can lead to solutions to problems like carbon emissions. And that’s because they don’t have any serious experience in the private sector solving problems for customers in exchange for their money.

I hope everyone understands that the truth about Ocasio-Cortez is very different from the image that she portrays. She likes to present herself as “Alex from the Bronx”. But the truth is that she grew up in Yorktown Heights, which is over 80% white, with an average household income of $116,741 a year. Her father was an architect and partner in an architecture firm. She attended the prestigious Boston University, which currently charges $70,000 a year for tuition. She interned with former Democrat Senator Ted Kennedy. And the reason she likes socialism is because she failed to get a job in the field she was educated in. She was working as a bartender until age 29. She spent a quarter million on her education, and didn’t use it. And that spectacular failure of a woman is now deciding how the earnings of people far more educated and successful than she is will be spent. I want nothing to do with her.

10 thoughts on “Democrat Congresswoman calls for 70% tax rate to fund complete overhaul of energy production and usage”

  1. They also foregr it will only hurt the low income rich, as they call it.
    Once people are well enough off they can hire the accountant and business managers that will maximize tax deductions. Or find ways to send work to other foreign owned companies to divert income.
    A practise that was used a few years back by all big tech companies to reduce taxes. The big guys won’t much more. Only those that barely fit into that tax bracket that can’t afford to spend a lot to have someone reduce their taxes

    Liked by 1 person

  2. Some of my work is in the power industry and, let me tell you, going green will destroy the environment. A steam generator power plant outputting some 750 megawatts of power takes up less than one square mile of space while a windmill that could POSSIBLY generate 1.5 megawatts of energy requires TONS of surface space to even come close!

    I’m not sure how this will work, but here are two perfect examples. This first link goes to Taft, CA, in which I have frequent work. The aerial view is of the literally hundreds of wind turbines that line the mountains. Yes, you would need 750+ turbines to generate as much power as a steam facility. https://binged.it/2Fh5vXx

    Here is a steam facility I have done work at in the past. It takes up hardly any space at all in the grand scheme of things and utilizes four large steam powered turbines to generate power. (As a side note, this power facility was also featured as the shipyard in the first Star Trek remake). https://binged.it/2FdxRTm

    “Green energy” does nothing to save the planet. All it does is generate more leeches to suck off the government tit and force citizens to dish out more in taxes to pay for it.

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    1. Same with solar. On my West Texas oilfield delivery routes, I routinely pass both wind farms and solar panel farms, and they do occupy lots of space. Now it would not be fair to dismiss “green” energy as pure poppycock. Here in West Texas both solar and wind could work because, let’s face it, there’s plenty of space for turbines, plus it’s hot and dry here most of the year and that’s optimum for solar, who why wouldn’t they both work in tandem with fossil fuels?

      I think Miss Occasio Cortez doesn’t get that just because solar and wind work here in arid desolate West Texas doesn’t mean they work in say, Seattle, where it’s cloudy and rainy most of the year, plus as you mentioned, these occupy lots of space. So you might have to take land from national forests (a supposed leftist pet project) and cut down trees thus destroying habitat to make it happen. Plus you would have to bring workers up there to install. Because I doubt there’s skilled techs among the hipster barista Seattle and Portland types that would actually want to do it anyways.

      So in conclusion, it’s one thing to find a way to make alternative energy sources work with coal, fuel, natural gas, and nuclear? But wanting to replace it all with renewables? Then again, meh, what do you expect from some spoiled rich affirmative action Nuyorican chick who didn’t even finish school and had to work as a waitress yet thinks she knows more than folks like you and me that actually work at ground level.

      Liked by 1 person

      1. Its not pure poppycock. Solar panels on homes, for example, is a great idea. I have some myself and they really are useful. Some of the homes I see in rural areas have windmill generators that provide power because they dont have access to the power grid, excellent! Massive projects like the one there in Tehachapi are ugly and inefficient. At most your getting 30-50% efficiency from each windmill and there are literally hundreds. When you pass through at night the mountains are inundated with eerie red, blinking lights, each one on a windmill. Next time I pass through in the evening I will take a picture. All that for what likely equates to the same power generated by the steam plant I referred to. Tons of damage to the environment and to animals all for what? Well, for government dollars is what. Certainly not for the environment.

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  3. AOC was elected solely on her looks, not her brains. If brains were gunpowder, she wouldn’t have enough to blow her nose.

    “The only thing socialism has to commend itself is that it is the equal sharing of misery.”
    Sir Winston Churchill

    Liked by 1 person

    1. And she’s not even that hot. Or rather say, she’s definitely not ugly in my humble opinion, but you can tell that this is what happens when modern women throw away their only asset to the dumpster for the sake of empowerment. Hope she gets the most out of her stint as a Congress member, especially since she’s nearing the Wall.

      Like

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