Larry Kudlow says Ocasio-Cortez tax on the rich will turn the U.S. into another Venezuela
White House adviser Larry Kudlow says taxing the rich as proposed by Alexandria Ocasio-Cortez, Elizabeth Warren then kicked into hyper drive by Radical House Freshman Ilhan Omar will turn the United States into another Venezuela.
- “Taxing rich people – that’s an old saw from the left. It never works,” Kudlow told Fox Business. “I mean, look at Venezuela – it’s an absolute catastrophe.”
- “The top 1 percent basically pays more than the lowest 90 percent, so who’s carrying the freight here?” Kudlow added.
Kudlow was responding to the rush to Socialism by young radical millennial’s in the House of Representatives. Followed by Elizabeth Pocahontas Warren who has 2020 Presidential aspirations.
“Everybody’s poor” in oil-rich Venezuela, and US President Donald Trump’s top economic adviser Larry Kudlow claims he knows the answer: excessive taxes on the South American nation’s wealthiest citizens. With high-profile Democrats such as Rep. Alexandria Ocasio-Cortez clamoring to raise income tax rates as high as 70%, Larry Kudlow is warning that the US could see a similar “catastrophe.”
The similarities between Venezuela and the direction Alexandria Ocasio-Cortez, Ilhan Omar and Elizabeth Warren want to take the United States are haunting. Venezuela was once one of South Americas richest countries. Hugo Chavez began the spiraling decline that has lead to the highest inflation rate in the world and women selling their hair to avoid starvation.
The idea of taxing the rich is nothing new among Democrats. In the past they have tried to hide their liberalism. Especially when it came election time liberals and Socialist positioned themselves as “moderates.
With the popularity of old Crazy Bernie Sanders who would’ve been the Democrat nominee for President if not for the 2016 election being rigged for Crooked Hillary Clinton. Bernie’s popularity brought to power a new radical group of Socialist including Ocasio-Cortez and Omar. Pocahontas and Kamala Harris are just playing follow the leader.
Larry Kudlow is right the Socialistic tax the rich policies of Ocasio-Cortez, Omar and Pocahontas will turn the United States into another Venezuela. And it won’t take long.