It seems like New York and Alexandria Ocasio-Cortez could learn a thing or two from Europe. The “millionaire tax” that both the state and its most controversial representative are proposing was first attempted in France back in 2012. Then, President Francois Hollande instilled a 75 percent “supertax” on all income exceeding $1.12 million. Two years later, the plan was ultimately canceled because it failed to bring in any serious revenue. Millionaires Don’t Part with Money So Easily Alexandria Ocasio-Cortez has repeatedly made headlines for suggesting a tax hike on millionaires of up to 70 percent, while New York’s Robert Mujica
The post France’s Millionaire Tax Failed – So Will AOC’s Green New Deal appeared first on CCN
* First published on ccn.com
