Economics
For a Real-World Example of Ocasio-Cortez’s Tax Proposal, Look to Sweden
- Sweden has long had high top tax rates without stifling growth
- Proposal by Alexandria Ocasio-Cortez has triggered hot debate
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U.S. Congresswoman and Bronx-native Alexandria Ocasio-Cortez would find herself at home in Stockholm.
The newly minted lawmaker is proposing to lift the top marginal tax rate to 70 percent on incomes starting at $10 million. The idea has drawn both praise and jeers from across the political spectrum.