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johniadarola's profile
John Iadarola
John Iadarola
John Iadarola
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@johniadarola

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John IadarolaVerified account

@johniadarola

Award-winning progressive Host of @thedamagereport, @theyoungturks, and climate change doc series True North. Billions of YouTube views. Insta: johniadarola

Los Angeles, CA
facebook.com/johniadarolaof…
Joined March 2009

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    John Iadarola‏Verified account @johniadarola 18h18 hours ago

    Alternative Headline: @aoc floats same top tax rate US had for literally decades during a time of unprecedented, historic growthhttps://politi.co/2F7H93a 

    8:21 am - 4 Jan 2019
    • 8,514 Retweets
    • 32,540 Likes
    • Stacey Robinson Quinn Chasan Mary Kay shoutout to social anxiety haha h Zeke Sarah Jeremy Umpleby Stuffed Teddy
    846 replies . 8,514 retweets 32,540 likes
      1. New conversation
      2. Joy Summers‏ @jdsumm65 17h17 hours ago
        Replying to @johniadarola @AOC

        Sorry I love AOC and I am fairly liberal but expecting anyone to give the government 70% of the money they earn is too much, even if we used to do it.

        99 replies . 3 retweets 113 likes
      3. Harle A. Hyena‏ @HyenaGrin 17h17 hours ago
        Replying to @jdsumm65 @johniadarola @AOC

        Key point: nobody who makes 300 million dollars a year earns it.

        41 replies . 30 retweets 939 likes
      4. Space force pilot‏ @BlueJtee 16h16 hours ago
        Replying to @HyenaGrin @jdsumm65 and

        EXACTLY and the money circulates through the economy instead of sitting offshore

        6 replies . 4 retweets 247 likes
      5. Kyle Sellers‏ @kylesellers 15h15 hours ago
        Replying to @BlueJtee @HyenaGrin and

        If someone makes $300M it doesn’t just sit there. It’s used to invest in other companies/ventures, bonds (financing government and companies alike), or... if it does sit, it creates interest as it’s lent out to families and businesses.

        24 replies . 0 retweets 64 likes
      6. Harle A. Hyena‏ @HyenaGrin 15h15 hours ago
        Replying to @kylesellers @BlueJtee and

        It is used to build capital. This is capital wealth hoarding. Money gets moved around amongst the ultra-rich, but it is *not* used to make the lives of workers - the vast majority of Americans - any better. The wealth gap is expanding at a record pace.

        8 replies . 14 retweets 390 likes
      7. Harle A. Hyena‏ @HyenaGrin 15h15 hours ago
        Replying to @HyenaGrin @kylesellers and

        Pay barely keeps up with inflation. People live in perpetual debt. Taxing the ultra-wealthy capitalists incentivizes them to improve employee conditions, pay them better, and to not cut corners in order to maximize wealth-production for themselves.

        7 replies . 11 retweets 236 likes
      8. Harle A. Hyena‏ @HyenaGrin 15h15 hours ago
        Replying to @HyenaGrin @kylesellers and

        The problem that is happening is that as the economy grows, the workers are receiving a proportionately smaller piece of the pie, while the ultra-rich's slice grows exponentially. This is not a healthy economy. It's unsustainable. As we saw in the gilded age.

        2 replies . 13 retweets 213 likes
      9. Harle A. Hyena‏ @HyenaGrin 15h15 hours ago
        Replying to @HyenaGrin @kylesellers and

        The progressive era - which followed the gilded age - placed heavy taxes on the ultra-rich, and resulted in probably the most prosperous time in American history that benefited the largest number of people. Since then these policies have eroded, and we are worse off for it.

        12 replies . 64 retweets 348 likes
      10. 2 more replies
      1. New conversation
      2. smg1138‏ @smg1138 18h18 hours ago
        Replying to @johniadarola @AOC

        Is she talking about a marginal rate? If so, at what level of income would it be raised to 70%? I could definitely see rates that high for extreme levels of wealth, but not for your average high earning professional making 300k a year

        4 replies . 0 retweets 21 likes
      3. Richard H. Ebright‏ @R_H_Ebright 16h16 hours ago
        Replying to @smg1138 @johniadarola @AOC

        AOC proposed a top marginal rate of 70% on income over $10 M. No one outside the top 0.1% would pay a cent more.

        5 replies . 11 retweets 221 likes
      4. smg1138‏ @smg1138 16h16 hours ago
        Replying to @R_H_Ebright @johniadarola @AOC

        Thanks for clearing that up. I didn’t see the details in the article earlier. I think that plan makes a lot of sense.

        2 replies . 0 retweets 61 likes
      5. Karen Kolus‏ @KarenKolus 15h15 hours ago
        Replying to @smg1138 @R_H_Ebright and

        I don't think politico likes her. It's a poorly written article leaving out key clarifying details to get a rise out of their readership.

        3 replies . 0 retweets 72 likes
      6. smg1138‏ @smg1138 15h15 hours ago
        Replying to @KarenKolus @R_H_Ebright and

        Most of the corporate media seems to despise AOC almost as much as right wingers do. The 1% has been on the gravy train for too long now and they’re scared shitless of a social democracy.

        3 replies . 0 retweets 79 likes
      7. Karen Kolus‏ @KarenKolus 12h12 hours ago
        Replying to @smg1138 @R_H_Ebright and

        NY Magazine has an interesting perspective on the negative attention AOC is receiving from liberal news outlets about her moderate proposal. They explain the proposal with historical data and posit that wealthy corporate news owners control some of the messaging.

        2 replies . 3 retweets 26 likes
      8. 1 more reply
      1. New conversation
      2. There Will Be Wit‏ @therewillbewit 18h18 hours ago
        Replying to @johniadarola @AOC

        Topped out at about 91% under Eisenhower.

        5 replies . 5 retweets 58 likes
      3. John Iadarola‏Verified account @johniadarola 18h18 hours ago
        Replying to @therewillbewit @AOC

        Exactly

        1 reply . 0 retweets 31 likes
      4. Eric‏ @RealEric4Real 16h16 hours ago
        Replying to @johniadarola @therewillbewit @AOC

        It’s even better than that! 94% in 1944 and 45 and 92% in 1952 and 53. Let’s go for 99% (or dare we say - 100%) now 🌹

        3 replies . 1 retweet 4 likes
      5. BenEJ‏ @Ben_E_J 16h16 hours ago
        Replying to @RealEric4Real @johniadarola and

        Rough math... If you took 100% of the top 1% total wealth, not even just income, you would have maybe enough to cover Medicare for all over its initial 10 year estimate. Not to mention any other govt programs you want to run. And you wouldn’t have the rich to tax anymore.

        3 replies . 0 retweets 4 likes
      6. Eric‏ @RealEric4Real 15h15 hours ago
        Replying to @Ben_E_J @johniadarola and

        Good thing that nobody has proposed something like that as a mechanism to pay for mfa. Nice straw man tho. 100% marginal tax rate would be for setting a maximum wage, which could be done for a variety of reasons, but not as a, let alone the sole , funding mechanism for mfa 😂

        0 replies . 0 retweets 4 likes
      7. End of conversation

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