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So do i support in order to have something like 34ed care fmedic all that we ask folks in the top 1% to pay more? yeah, i support that. >> let's have a conversation. angela rye is with the congressional black caucusaucus. tara, let me start with you. your reaction to the congresswoman's floating this possible 70% tax hike. >> well, i mean i think that that is ridiculous. there is no country that is comparable to ours in the board that has a taxation rate that high. the wealthy already pay more than their fair share. the top 10% pays 70 respect about of all federal income taxes, the top 1% pays...

>> jesse: republicans didn't put her on "60 minutes." >> juan: i think they did. they gave her so much attention. >> jesse: she is wrong a lot of the time. >> juan: what is she wrong about? >> jesse: everything she is advocating about. universal health care. >> juan: social security? do you remember when that was radical? great society. terrible. what about raising tax rates? under president roosevelt -- >> jesse: if you want to throw in with the 70% tax rate, you can check that box on the return and voluntarily pay it. >> juan: if you make more than 10 million. you have no objection that unde...

♪ >> you said like the tippy-tops on your ten millionth dollar sometimes you see tax rates as high as 60 or 70% president as you climb up this ladder, you should be contributing more. ed: well, that's alexandria ocasio-cortez, a congressman floating a massive tax hike on the rich to fund what she calls a green new deal related to climate change, claiming now that wealthy americans should be contributing more. but according to a bloomberg analysis of 2016 tax returns, the top 1% of taxpayers already pay a greater share of income taxes, 37.3%, than the bottom 90% combined. here to help us brea...

Reaction before we dig deep on the numbers 'cause i see that the congresswoman has been tweeting a lot in the last 12 hours going after the house republican whip, for example, steve scalise and saying "i don't understand economics." >> look. i think the congressmen has killer instincts when it comes to her dance moves but her fundamental understanding of economics and tax policy is sub subpar. here's the reality. as you pointed out, the top 1% already pay 37% of all federal income taxes. break that down even further, the top 3% are paying over half of all federal income taxes as a share of all...

>> i think it should be more than it is. >> it's at 39% now. >> the top 1%, that's not me. there is fair. >> she didn't ask the one per centers of her party what they think. >> raymond: is this a winning strategy to task upper income? >> income inequality is worse than it is this ever in america. after a wall street crash in 1929, income inequality was not that bad. new york city in particular generates more wealth than anyone on the planet but we have the worst income inequality, a lot of that comes from the billionaires. >> raymond: doesn't this sap of the incentive to join the billionaire c...