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Nobel-winning economist says Alexandria Ocasio-Cortez tax policy is ‘fully in line with serious economic research’

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Whether or not Alexandria Ocasio-Cortez is ultimately an effective congressperson remains to be seen, writes New York Times columnist Paul Krugman, but she’s already doing a great job of advancing tax policy.

Ocasio-Cortez has advocated a tax rate of 70 to80 percent on very high incomes, which Krugman says seems “crazy”—except to the world’s leading expert on public finance.

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“It’s a policy nobody has ever implemented, aside from … the United States, for 35 years after World War II — including the most successful period of economic growth in our history,” he writes.

The government should look at taxation as a way to raise revenue for the government.

“When taxing the rich, all we should care about is how much revenue we raise,” he explains. “The optimal tax rate on people with very high incomes is the rate that raises the maximum possible revenue.”

According to a fellow Nobel laureate in economics, “the optimal rate” for taxing the rich is 73 percent.

“So AOC, far from showing her craziness, is fully in line with serious economic research,” he writes. “She definitely knows more economics than almost everyone in the G.O.P. caucus.”

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David Letterman jokes ‘enormous fellow’ Donald Trump can ‘eat the restaurant empty’

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The folks over at TMZ caught up David Letterman in Los Angeles this Thursday and asked him his thoughts on which presidential candidate, Donald Trump or Michael Bloomberg, is more fun to have dinner with.

Letterman, who knows both men well, and according to the former late-night talk show host. "there'd be nothing left" on the plate.

"He's such an enormous fellow, he would eat he restaurant empty," Letterman said.

In regards to Bloomberg, Letterman said, "I think he eats like a bird."

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‘Possibly the craziest and scariest thing he has done’: Conservative blasts Trump for DNI Richard Grenell

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Conservative Washington Post columnist Max Boot blasted President Donald Trump's new appointee Richard Grenell to take over as acting director of national intelligence.

Previously, Trump was furious at his acting DNI when he learned that Democrats were given an intelligence briefing. The source speaking to the Post said that Trump gave Maguire a “dressing down” that left the former acting DNI “despondent.”

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FBI investigating Erik Prince for arms trafficking after attempt to modify crop dusters into attack aircraft: report

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The Federal Bureau of Investigation is reportedly investigating prominent Donald Trump supporter Erik Prince for violating arms trafficking laws.

"Prince, an heir to a billion-dollar fortune who is widely viewed as a shadow adviser to the president, is under federal investigation for his 2015 attempt to modify two American-made crop-dusting planes into attack aircraft — a violation of arms trafficking regulations," The Intercept reported Thursday, citing "two people familiar with the investigation."

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