70% Tax Rate? Another Awful Idea From Congress' Socialist Caucus

70% Tax Rate: A new poll shows that most Americans support the idea of raising the marginal tax rate to 70% or higher on the very highest incomes. It shouldn't be surprising that most people support higher taxes on others. It's called envy. What's surprising is how many people don't.

The Hill-HarrisX survey taken earlier this month found that 59% of registered voters support newly elected Rep. Alexandria Ocasio-Cortez's call for a 70% tax rate on high earners, starting at $10 million.

"That doesn't mean all $10 million are taxed at an extremely high rate, but it means that as you climb up this ladder you should be contributing more," Ocasio-Cortez helpfully told CBS' "60 Minutes."

And, as The Hill notes, "Ocasio-Cortez has not introduced any legislation to enact the concept but the (Hill-HarrisX) survey shows a broad cross-section of Americans supports it, at least presently."

True enough. Even Republicans in the survey gave it 45% support, versus 55% saying they wouldn't support it. Independents approved of the idea by 60% to 40%, while a whopping 71% of Democrats favored it.