>>https://www.cnbc.com/2019/01/22/davos-billionaires-are-scared-of-alexandria-ocasio-cortez-tax-proposal.html

>>When the Dems were the champions of working people, the most extreme of the crop - primarily from states like Ohio, Michigan and Wisconsin - were called "Rotten Talking Liberals."

The rich are not afraid of Ocasio-Cortez. They are happy to portray dismay and draw attention so people expend their energy on her rather than thinking about something the super rich do have reason to be afraid of, like gilet jaune.

When tax rates last were up at the levels she proposes, there was no global economy. Even as late as the 1970s, international currency movement was a challenge. For those who never had reason to try, consider instead that even an international phone call required operator assistance and cost a fortune. A factory owner in Hamilton could not pay a fee to Romney to have production offshored to China, even if it hadn't been an economic basketcase at the time. The rich certainly enjoyed vacationing in foreign climes but rarely abandoned the US altogether for Monaco or some other rich enclave. Even if they did, US citizen liability for international income was far more difficult to avoid unless you truly internationalized your holdings and severed US ties. Mostly the population and industry was content in self-imposed captivity and the rich shrugged, paid accountants to move things around to best effect, and turned the remaining tax into a virtue.

Few of these supportive attributes exist today.

So if you really, seriously want to do this- then how will you re-establish the captive conditions? For a start, you need to seriously disincentivize offshoring- by tariffs, for example. What does Ocasio-Cortez think of tarrifs, or what's her proposal to prevent capital flight? How about foreign profit hoarding? If shareholders push corporates to hoard billions in foreign subsidiaries, 70% of %0 is $0.