Comments by "Xyz Same" (@xyzsame4081) on "The View Crowd Goes Nuts For Warren’s Wealth Tax" video.

@exiledfrommyself The strong united left movements that gave FDR the leverage to even push through the New Deal (FDR was the lesser evil for many RATIONAL oligarchs then, the Russian Revolution in 1917 was still remembered in the 1930s ! _Fight to end the Vietnam war. Civil Rights Movement._ Big change in society never comes from the top down or the politcal establishment. It comes when grassroots push for it - and often with the help of whistleblowers. An activist-in-chief in the White House would be an asset in such a struggle. The Democrats of the North may not have liked segregation - but they did not want to alienate the D politicians of the South and the D voting base in the South. Which they LOST when the Democratic party was the one to end segregation and voter suppression - the Dixiecrat base was pissed off, first they sat out the election (LBJ won the election decisively but it did not go well in the South for the party), or they cast a protest vote for the Republican candidates even. Before the Civil Rights Act and the Voting Rights Act the racists had been evenly distributed between the parties. And the South had been a stronghold for Democrats ! Then the Republican party detected they could specialize in racism, welcome those Dixiecrats and win in states they were not able to win before. The CRM forcred the arm of JFK and LBJ - the presidents (and the national party) would not have moved on their own. Chris Hedges told an anectode from the memoire of Henry Kissinger. Many and angry protesters against the Vietnam war before the White House, along the fence security had parked empty school buses - in case the crowd would break through, they could not move quickly. Nixon and Kissinger standing at the window looking at the crowd. Nixon: "Henry if they get us they will kill us". THAT is how you get change. Noam Chomsky called Nixon !! the last liberal president. Not because Nixon was a liberal - but because there was a movement and Nixon feared or at least correctly assessed the strenght of those movements (and he ressented it deeply so there was covert sabotage going on). But: Nixon signed the Clean Air and Water Act. And was forced to end the war.
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3:54 From the VOX article: The Democratic proposals to tax the rich. Before we get into it, let’s recap the basic plans — or loosely sketched ideas — for taxing the rich currently on offer from prominent Democrats: Rep. Alexandria Ocasio-Cortez (D-NY) suggested a top rate of 70 percent on incomes over $10 million, which would actually be somewhat below prevailing rates under Dwight Eisenhower, and around where top rates were from Lyndon Johnson to Jimmy Carter. Warren’s plan would set up a progressive wealth tax, with a normal rate of 2 percent on wealth over $50 million and a top rate of 3 percent on wealth over $1 billion. That might sound small, but because it’s levied on wealth, not income, and every year rather than at death, it could wind up hitting billionaires harder than high income or estate taxes. Sanders’s plan would raise the top estate tax rate to 77 percent. That’s the same top rate that existed from 1941 to 1976; this is higher than the 65 percent top rate he proposed in the 2016 race. Sen. Cory Booker (D-NJ) has proposed a 65 percent estate tax rate (higher than at any point since 1982), a higher capital gains tax rate, and applying capital gains taxes to assets held at death, all to pay for his baby bonds bill. Rep. Jan Schakowsky (D-IL), a lefty House Democrat who’s been proposing a top income tax rate of 49 percent since at least 2011, says she’s working with Ocasio-Cortez to formulate a new bill that might feature even higher top rates. And if Sanders excitedly releasing his estate tax plan after Warren’s wealth tax proposal is any indication, the 2020 race will involve a leftward arms race as candidates attempting to court voters worried about income inequality try to one-up each other’s plans to tax the rich.
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