Former Fed Chair Alan Greenspan thinks the Ocasio-Cortez 70% tax plan is 'a terrible idea'

It is a great idea!

For Democrats Aiming Taxes at the Superrich, ‘the Moment Belongs to the Bold’ hWSJ For the record, we (McGillU Students) said 95% like the Great Mass Extinction POTUS PsychToday Pontifex PopSci PBSSpaceTime PDChina PMOIndia PMcanadien

Says the guy who presided over the .com bubble and set in motion the Great Recession.

This guy setup and allowed the last financial crisis. His opinion pretty much useless

Of course that greedy goblin would say that. Half the reason we're in this boat is because of his terrible policies he helped usher in with Regan. History will view him as villian against the people.

Dont buy real estate in the 80s in NYC GreenSpan said, better to rent. The Village will never be worth owning property in.

BlueHumanity Why ask someone who did such a terrible job in the first place?

SHOCKED SHOCKED I TELL YOU

It becomes another venezuvela in less than a year

Well it's not like his ideas and policies led to an economic disaster, right?

Sounds like she could do his job better than him

He would say that.

Because he doesn't want to pay

WHY TF WOULD ANYONE LISTEN TO GREENSPAN

By 'the economy' of course he means the wallets, margins, and influence of the super rich. By 'bad' he means GOOD for the rest of us.

I dont trust him. He lies a lot.

'it'll be terrible' he said, emerging from his morning swim.

Never been much of fan of Alan Grinchspan but in this case I agree.

Does anyone listen to Greenspan any more? Why?

Says the man that didn’t see the financial crisis coming in 2007!

AOC has a long way to go. She will learn.. kidsmistake

FredricDelmais This guy is old enough to understand what she's talking about, rather than make inane comments.

Climate change is now

manute117 No shit CNBC

She has no brain

What are the entitlements he speaks of?

Former Fed Chair Alan Greenspan thinks the Ocasio-Cortez 70% tax plan is 'a terrible idea.' War Against Einstein, for Quantum Reality and Freedom.. I said should be 95% like Dark Energy DarkMatter & Great Mass Extinction Greenpeace POTUS DAVOS WEF

Its not the AOC 70% rate that would kill economy, its the regulations that come with GND I worry about. And 70% at $10M doesn't buy that much. What's the whole AOC rate schedule? Corporate rates? Regulations? Greenspan response is to attack SocialSecurity so he needs to STFU

70% personal rate for AGI$10M wont hurt a thing. 70%+ worked for 50 of USAs best years. Use RestoringTrueFreedom investment ramp so Corporate Tax is ~0%. Focus on top PERSONAL rate is just greed whining cuz they want a bigger yacht to cruise to their offshored bank accounts.

Why is anyone listening to this man anymore?

OMG so Greenspan likes the TCJA Taxcuts & blames the resulting $1T deficits on Entitlements (correct word- SocialSecurity & Medicare ARE EARNED Entitlements- already OUR MONEY). His fix is to steal from us to pay for the TCJA screw up? Im not a GND fan but he's wrong (again).

A badge of honor coming from someone so wrong about the ownership society and causing the last recession.

Of course he does lol

Says the guy that couldn’t understand or get a handle on mortgage backed securities leading to a global financial crisis. Tell him to go somewhere while real people clean up his mess.

From the man who helped bring us 2008 prosperity

Sorry but the social contract is broken. Time to eat the rich.

Yeah but who are you gonna trust.... one of the greatest financial minds in history or a freshman congressperson with no relevant experience? I say it’s a coin flip. Unfortunately, after the flip, there may only be 30% left over. Think about it

Alexandria OCD

Green spin and give it back to corporations said that ?!

Former federalreserve CHAIRMAN Alan Greenspan said 'RUN for COVER' FastMoney realDonaldTrump FoxBusiness business Crypto DigitalAssets DXdotExchange ErisX_Digital ForbesCrypto MarketWatch YahooFinance CNNBusiness $BTC $XRP $ETH

WHY BECAUSE WE ARE TAXING THE RICH THEREFORE WE SHOULD TAX THE POOR INSTEAD

Of course, it takes a fair stance for everyone including with the 1%ers

If the Original Bubble Man thinks something is a terrible idea, it well may be exactly what we should do.

So does anyone else past primary school.

Lol mr rich people will act in the best long term interests of their companies

In the same interview, Al simultaneously praised an admittedly unfunded taxcut while describing the current economy as like the 70s. Note that the unprecedented stagflation of the 1970s came on the heels of 10+% decreases in marginal tax rate over the prior 20 years.

Cortez is

Cortez is not a smart woman

Isn’t this the guy who got everything wrong during the financial crisis?

That’s what happens when you elect people with no policy experience into power. Last time they tried that in France 12000 millionaires fled France. I bet she doesn’t know that, and wouldn’t care to know cos she’s not interested in learning her job she’s too busy dancing n talking

Perhaps most of you and the highly unqualified Congress-woman should take a basic economics class. Taxes hurt everybody.

Anyone w a brain would think the same.

...and Greenspan is almost 100 years old...and a Republican.

Absolutely Correct

This from the man who suggested Reagan start robbing from the social security fund.

You think?

Hey , 1) how about a less misleading headline? You forgot the word 'marginal.' 2) why does anyone care about what an old dinosaur that helped set policies that led us into the last financial crisis has to say?

Something tells me she wasn’t talking to Alan

Alan Greenspan is a disciple of Ayn Rand 🤓

From Mr. “I had no idea the 2008 crash would occur”.

So was not regulating the banks.

posted this two weeks ago. It’s ok not to constantly tweet. You guys seem desperate for clicks which makes me question the integrity of CNBC

We never learn, just keep making the same mistakes over and over again. Greenspan is right. This is politics and has nothing to do with making the rich pay, just votes.

Let’s not listen the old alien-lizard who brought us the dotcom bubble and the subprime mortgage crisis. He deserves to live out the rest of his life on precariously insufficient social security benefits.

You are still kicking, that's good.

Wasn't he saved by President Obama?..

I guess he makes more than $10 million / year.

So?

🙏FOCUS on H.R.25 & S.18 Fair Tax❗️ ex: WORK 32 Y's❗️ 26 k/y= 838 k🧐- 45%(TAXES👺FEES)= 377k 14 y's of: TIME+HEALTH +$ 🧐STOLEN😱 X2= Me+Wife =28 Y's = 754k =CAPITALISM 🙏😍Fair Tax + REBATE of TAXED $ 4 PAST 40 Y's 🧐INVESTMENT+POSSIBILITIES❗️STOLEN +GIVEN 2'elites'😱SOCIALISM

Why stop at 70% take it all AOC

His ideas worked out so well....

Says the guy from 2008..

A monkey knows it’s a bad idea

You don’t need Greenspan to tell you it’s a terrible idea. If anyone takes that woman ocasio serious,they are just as stupid as she is.

I bet he does. He would.

Surprise, rich billionaires don’t like a 70% tax rate for them! Convinced Trump voters to tax everybody else, because it “creates jobs”. Sorry, the real Republican Plan is, “The rich get richer and the poor get poorer.”

Of course, 70% tax plan is a bad idea. One doesn’t need to be a part of FOMC to realize that. Let’s see what one can do with 30% of one’s earnings: 1. Ahh, forget it. One should just cheat on the tax return as Trump does.

AOC?

Interesting. Three American women. Warren possibly part indigenous heritage. Haley , trump approved. Alexandria. Too young , brash. Ok. Do you fear women ?

It isn't just a bad idea, she has no clue what 70% tax rate means.

Every one else thinks is a terrible idea not only him .

So does 99.99% of people what's new

Socialism at its best...of course it’s terrible!

I can almost guarantee this man is loaded!

Well here is a News flash...she is odviously the most intelligent economist on the planet! Your place in the back seat is waiting Alan!

Who cares what the old 💨thinks. He’s so filthy rich of course he doesn’t want higher taxes. Tired of old greedy obscenely rich A-holes dictating policy. F Greenspan‼️

Let’s give it a try for 2 or 3 decades and get back to you.

No sh..

AOC does NOT understand basic economics, my dog 🐕 knows more than she does

Alan the day of the old white man is gone. Goodbye

Does he understand what his legacy is?

Must be a slow news day

Well OF COURSE he does.

Ok let’s bring back Trickle Down Economics, b/c that was your “good idea” or was it the “deregulation” that led to credit defaults swaps & real estate market collapse & bail out of Wall Street by Main Street ? 🤨👎🔥🔥🔥 time for new ideas

I’m not the sharpest knife in the drawer but it seems to me the 70% top marginal tax bracket and the energy challenge are two different items to be faced. The right tax structure solves income inequality and service sustainability. Energy and climate in balance is transitional.

Translation good for people like us bad for people like them 😄

No it is NOT, it is very good idea

This guy looks like he belongs in Mad Max

so does every other American named Alan, or has a first name that starts with ‘A’....or has ever watched the ‘A-Team’ and/or used ‘A’ correctly in a sentence.

Hahaha

Maybe he should have a meeting and tell her that!!!! But then she then again she wouldn’t believe it if he told her in person🤭!

Anyone with a brain thinks it’s a terrible idea.

Well, what does he know about finance compared to her?

How about NO TAXES for NO WALLS or LAWS. Let the Wild West be Reborn...

Greenspan: he set up a formula for Alcoa years ago....his idea was so bad it cost Alcoa hundreds of millions...almost bankrupted them....an entire body of contract law developed around it...to the effect...it was such a bad deal....courts voided it...

Since I don't want to get assassinated, I try not to piss of the world's elite and wealthy...

Anyone with functioning brain cells thinks it's a terrible idea.

I think it is time for people Greenspan’s age to stop telling young people what to do.

That Proves She's right:

Only a monkey would think it’s a good idea lol! Why does that chick get any airtime is beyond me. Dumb as a ROCK.

Have 2agree with Greenspan on this one. Do some research on the perks our politicians receive as well as the billions in wasted govt spending & most Americans would b furious.Eliminate perks & waste & r taxes would b lower.We’d even have surplus enough 2 fund beneficial programs

🤣

Now we all know it’s a GREAT idea! Thank you.

You can never ever ever shut this guy up....ever. You also never hear him talk about the seeds of the Housing crisis meltdown that started when he was Fed Chairman & he never warned about the consequences, that everyone gets a 3X home they can't afford. jimiuorio jeffkilburg

Mummy says what?

and what the hell would the government do with such a capital enema? expand the butt count?

As would anyone who has a job

Dude said W's tax cuts were essential to...keep national Debt in play for investors. It was disappearing under Clinton. Zero credibility.

Hang on ....now the libs won't like this....

this coming from the loser who crashed the economy! 😂🤣🤣😂

Condsidering Greenspans track record, its probably a goood idea then.

No ;);.

Never understood a word this man said.

Greenspan is probably in the 70% bracket.

Lol

AOC response will be insert meme here which is completely wrong and 50K responses saying 'YAAS Queen' and we all get a little dumber

Alan Greenspan is an idiot who believes in trickle down economics which doesn’t work for the middle class

Because it hasn’t worked anywhere it’s been applied.

Alan, we gonna get your money one way or another.

I am a professional Logo and Graphics Specialist..

As far as the economy goes it doesn’t matter what the tax rates are.

Says the guy who helped create a crisis

Here’s the guy that set up the 2008 Financial Crisis..

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