President Trump took full advantage of the current collapse of socialist Venezuela to put Rep. Alexandria Ocasio-Cortez, an avowed Democratic socialist, on blast during a conversation with reporters on Thursday.
Trump made the comments while answering a question from a reporter on the current situation in Venezuela after Trump recognized Juan Guaido, 35, the president of the Venezuela National Assembly who is in opposition to socialist President Nicholas Maduro, as the interim president of Venezuela just minutes after Guaido announced himself as the head of state.
“We’re looking at Venezuela, it’s a very sad situation,” Trump said. “That was the richest state in all of that area. That’s a big, beautiful area and by far the richest. And now it’s one of the poorest places in the world.”
“That’s what socialism gets you when they want to raise your taxes to 70%,” Trump continued. “I’ve been watching our opponents, our future opponents talking about 70%. Number one, they can’t do it for 70%. It’s got to probably be twice that number.”take our poll - story continues below
“But, maybe more importantly, what happens is you really have to study and take a look at what has happened to Venezuela,” Trump concluded. “Is a very sad situation. We have our eye very closely on Venezuela.”
President Trump takes a shot at Ocasio-Cortez: "We’re looking at Venezuela, it’s a very sad situation. That was the richest state in all of that area…and now it's one of the poorest places in the world. That's what socialism gets you. When they want to raise your taxes to 70%." pic.twitter.com/ce1muXFX5E
— Ryan Saavedra (@RealSaavedra) January 24, 2019
The shot Trump took at Ocasio-Cortez is referring to the fact that the freshman congresswoman has proposed a 70 percent marginal tax rate, which anyone who is capable of doing basic math will understand as being catastrophically bad for our economy.
The more taxes go up, the greater the burden on business owners who then pass on the extra cost to customers. They also try and save money by laying off workers or cutting hours of operation.
The unemployment rate increases, as does the number of individuals on welfare, which then sucks up the extra cash brought in from the hike in taxes. Alas, you end up right where you started, only worse.
If only silly socialists would apply a little common sense to their ideology, they’d see how unsustainable it is.
Source: Daily Wire