Socialist Can’t Answer Basic Economic Question

Alexandria Ocasion-Cortez defended her socialist command economy on “The Daily Show”. The Daily Caller reports:
Trevor Noah, host of Comedy Central’s “The Daily Show,” asked Democratic socialist congressional candidate Alexandria Ocasio-Cortez how she plans to pay for her agenda Thursday and she said tax the rich and slash military spending.

Ocasio-Cortez began by bragging about her meeting with a Nobel Prize-winning economist and claimed her ideas could net the United States trillions of dollars.

“This is an excellent, excellent question,” she replied. “I sat down with a Nobel Prize economist last week — I can’t believe I can say that, it’s really weird — But one of the things that we saw is, if people pay their fair share, if corporations and the ultra wealthy — for example, as Warren Buffett likes to say, if he pays as much as his secretary paid, 15 percent tax rate, if corporations paid — if we reverse the tax bill, raised our corporate tax rate to 28 percent … if we do those two things and also close some of those loopholes, that’s $2 trillion right there.”

She also said it would take $3 trillion to $4 trillion and a carbon tax to create a “renewable energy economy” and claimed the Trump tax cut bill prevents the wealthiest Americans from paying “their fair share.”

This is ridiculous, especially after the strong Trump economy this quarter.

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