Caitlin Ochs/Reuters
- Rep. Alexandria Ocasio-Cortez and Sens. Elizabeth Warren and Bernie Sanders have all recently proposed hiking taxes on the wealthiest Americans.
- The progressive tax proposals have incensed the right-wing and many of America’s billionaires, some of whom might run for president in 2020.
- While the right-wing says the left is fueling a class-war, progressives argue that without reform, American democracy will drift towards plutocracy.
- The heated conversation over taxation and inequality will likely keep economic populism at the center of the 2020 Democratic primary.
Sen. Bernie Sanders’ 2016 presidential bid had one central theme: “standing up to the billionaire class.” President Donald Trump campaigned on “making America great again” for its “forgotten men and women.”
Sanders lost his race and the billionaire real estate mogul-turned-president went on to champion significant tax cuts for the rich and corporations.See the rest of the story at Business Insider
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See Also:
- Cory Booker kicked off his 2020 presidential campaign by calling for legal marijuana
- Bernie Sanders just introduced a new plan to raise the estate tax for America’s billionaires all the way to 77%
- Michael Bloomberg slams fellow billionaire Howard Schultz’s potential independent 2020 presidential bid