Wealth Tax. 70% rates. Medicare-for-All. Let's Cool It.

Wealth Tax. 70% rates. Medicare-for-All. Let's Cool It.

It's still a year before the Iowa caucuses and already Democratic politicians are tripping over each other to frame the policy debate and demonstrate their progressive bona fides to party activists.

Alexandria Ocasio-Cortez, the 29-year-old congresswoman from the Bronx and the media darling of the freshman class, opened the bidding by proposing a 70 percent tax rate on incomes above $10 million. In case anyone doubted her anti-capitalist leanings, her top policy adviser adopted a new Twitter handle, Every Billionaire Is A Policy Failure.

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