{"id":2570588,"date":"2026-02-17T10:22:00","date_gmt":"2026-02-17T15:22:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/aocs-wealth-tax-proposal-gets-dismantled-by-argentinian-lawmaker-during-munich-conference\/"},"modified":"2026-02-17T10:25:46","modified_gmt":"2026-02-17T15:25:46","slug":"aocs-wealth-tax-proposal-gets-dismantled-by-argentinian-lawmaker-during-munich-conference","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/aocs-wealth-tax-proposal-gets-dismantled-by-argentinian-lawmaker-during-munich-conference\/","title":{"rendered":"AOC&#8217;s Wealth Tax Proposal Gets Dismantled by Argentinian Lawmaker During Munich Conference"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Faocs-wealth-tax-proposal-gets-dismantled-by-argentinian-lawmaker-during-munich-conference%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2570588&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article examines the debate over wealth taxes in the United States and beyond, centered on Rep. Alexandria Ocasio-Cortez\u2019s remarks at the Munich Security Conference about potentially imposing a wealth tax or a tax on the ultra-rich. It notes that a moderator questioned whether she would pursue such a policy as president and that Ocasio-Cortez argued action should occur promptly and not hinge on any single governance.The piece references past reporting, including CNBC\u2019s 2019 note that ideas like a 70% top marginal rate for those earning $10 million and up had been floated, and it presents several counterarguments from critics who warn that high wealth taxes can drive capital flight and reduce economic dynamism. <\/p>\n<p>Key points:<\/p>\n<p>&#8211; The proposal is contrasted with skeptics\u2019 views, including Argentinian and Californian examples, who suggest wealth taxes can prompt the wealthy to relocate and erode economic activity.<\/p>\n<p>&#8211; Libertarian figures like javier Milei in Argentina are cited as examples of alternative approaches, with claims that <a href=\"https:\/\/amzn.to\/3YuVZYV\" >cutting spending helped reduce inflation<\/a> and improve fiscal health.<\/p>\n<p>&#8211; The piece discusses U.S. inflation history and federal\/state tax dynamics, arguing that excessive taxation can backfire and hinder prospect, and it concludes by urging against wealth-tax policies to protect the American dream.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><script>console.log(\"ad slot (REP_1)\")<\/script><\/p>\n<p>An Argentinian lawmaker set Rep. Alexandria Ocasio-Cortez of New York straight when the Democratic socialist spoke longingly about her desire to impose a wealth tax in the United States.<\/p>\n<p>A moderator asked Ocasio-Cortez, who made her debut at the Munich Security Conference in Germany over the weekend, &ldquo;When you run for president, are you going to impose a wealth tax or a billionaires tax?&rdquo;<\/p>\n<p>&ldquo;I don&rsquo;t think&hellip; we have to wait for any one president to impose a wealth tax. I think that it needs to be done expeditiously,&rdquo; the Democratic socialist lawmaker responded.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2019\/02\/05\/warren-sanders-ocasio-cortez-propose-taxes-on-the-rich-ahead-of-2020-election.html#:~:text=The%20current%20debate%20kicked%20into,eventually%20slashed%20during%20Reagan's%20tenure.\" target=\"_blank\" rel=\"noopener\">CNBC<\/a> reported in 2019 that AOC floated the idea of a 70 percent federal marginal tax rate for those earning $10 million in income and above.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">.<a href=\"https:\/\/twitter.com\/AOC?\">@AOC<\/a>&lsquo;s plan to raise taxes on the richest to 70% won&rsquo;t bring in much revenue. We&rsquo;ve had 70% (even 90%) <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nrs-attack-on-phyllis-schlafly-gets-conservative-history-wrong\/\" title=\"NR&#039;s Attack On Phyllis Schlafly Gets Conservative History Wrong\">top tax rates<\/a> before&hellip;yet government revenue as a  of the economy has been relatively steady. That&rsquo;s because the rich find loopholes in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/young-people-should-get-involved-in-politics-cant-wait-in-line-rep-cawthorn\/\" title=\"Young People Should Get Involved in Politics, Can\u2019t \u2018Wait in Line:\u2019 .... Cawthorn\">high tax rates<\/a>, or just work less <a href=\"https:\/\/t.co\/BjhlSXRKoF\">pic.twitter.com\/BjhlSXRKoF<\/a><\/p>\n<p>&mdash; John Stossel (@JohnStossel) <a href=\"https:\/\/twitter.com\/JohnStossel\/status\/1114901896324456450?\">April 7, 2019<\/a><\/p>\n<\/blockquote>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-passes-trumps-landmark-one-big-beautiful-bill\/\" title=\"House passes Trump&#039;s landmark &#039;one big, beautiful bill&#039;\">current top marginal tax rate<\/a> is <a href=\"https:\/\/www.irs.gov\/filing\/federal-income-tax-rates-and-brackets\" target=\"_blank\" rel=\"noopener\">37 percent<\/a> for anyone earning just over $626,000 and above. Depending on where they live, those individuals also pay state and local taxes that can take their tax burden up to approximately 50 percent of their income.<\/p>\n<p><a href=\"https:\/\/www.cbsnews.com\/news\/new-york-city-rich-face-52-percent-combined-top-income-tax-rate-highest-in-u-s\/\" target=\"_blank\" rel=\"noopener\">CBS News<\/a> reported that wealthier residents in New York City, where AOC&rsquo;s district is located, pay a combined tax rate of 52 percent already. The state tax rate is <a href=\"https:\/\/www.nerdwallet.com\/taxes\/learn\/new-york-state-tax\" target=\"_blank\" rel=\"noopener\">10.3 percent<\/a> for those earning above $5 million and 10.9 percent for those earning over $25 million.<\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/media-warned-us-argentinas-trump-months-later-already-turning-country-around\/\" target=\"_blank\" rel=\"noopener\">Argentinian<\/a> lawmaker Daiana Fern&aacute;ndez Molero countered Ocasio-Cortez&rsquo;s belief that a wealth tax is a good thing while speaking at the Munich Security Council.<\/p>\n<p>&ldquo;You have the recipe that many Latin American countries applied, many, many times, that is some relief for the short term, but ended up being a tragedy for the future,&rdquo; she said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">AOC in Munich giggles excitedly when asked if she will impose a wealth tax as president. Moments later, her ignorance is exposed by Argentinian politician Daiana Fern&aacute;ndez Molero, who has actually seen the destruction caused by a wealth tax. <a href=\"https:\/\/t.co\/FQn6iEtxTC\">pic.twitter.com\/FQn6iEtxTC<\/a><\/p>\n<p>&mdash; Tudor Dixon (@TudorDixon) <a href=\"https:\/\/twitter.com\/TudorDixon\/status\/2023420315821592858?\">February 16, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>  With a wealth tax, Molero said, &ldquo;wealth goes away and you have just the tax and you don&rsquo;t have wealth anymore.&rdquo; In other words, wealthy individuals leave. The states of California and New York have experienced this by imposing high tax rates on their wealthiest residents.<\/p>\n<p>Attorney and legal scholar Jonathan Turley <a href=\"https:\/\/jonathanturley.org\/2026\/02\/13\/eat-the-rick-california-democrats-trigger-a-reverse-gold-rush-with-a-wealth-tax\/\" target=\"_blank\" rel=\"noopener\">noted<\/a> that, by some estimates, California has seen a $1 trillion wealth exodus due to its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rubin-report-host-dave-rubin-flees-dystopian-nightmare-of-california-for-free-state-of-florida\/\" title=\"\u2018Rubin ...ort\u2019 Host Dave Rubin Flees \u2018Dys...ian Nightmare\u2019 Of California For \u2018Free State\u2019 Of Florida\">marginal income tax rate<\/a> of <a href=\"https:\/\/turbotax.intuit.com\/tax-tips\/fun-facts\/states-with-the-highest-and-lowest-taxes\/L6HPAVqSF\" target=\"_blank\" rel=\"noopener\">13.3 percent<\/a>&nbsp;&mdash; the highest rate in the nation. Meta CEO Mark Zuckerberg is the most recent example, joining Amazon&rsquo;s Jeff Bezos and others from the Golden State who have moved to Florida.<\/p>\n<p>Zuckerberg&rsquo;s move comes as California considers a new 5 percent one-time wealth tax on the net worth of its richest residents, on top of their personal income taxes, <a href=\"https:\/\/www.foxbusiness.com\/real-estate\/mark-zuckerberg-becomes-latest-california-billionaire-relocate-florida-amid-tax-concerns\" target=\"_blank\" rel=\"noopener\">Fox Business<\/a> reported.<\/p>\n<p>A maxim in taxation is that whatever you tax more, you get less of, be it <a href=\"https:\/\/www.westernjournal.com\/elon-musk-responds-directly-biden-twitter-gives-brutal-reality-check\/\" target=\"_blank\" rel=\"noopener\">billionaires<\/a> and all the jobs they create, or anything else.<\/p>\n<p>&ldquo;All these recipes create a cycle&hellip; You have this short-term relief, then goes inflation, shortage, then you have more poverty, and the cycle goes and goes,&rdquo; Molero explained.<\/p>\n<p>Such was the case in Argentina, where chronic fiscal deficits led the government to print massive amounts of money to pay for the deficit, causing the devaluation of the currency and inflation to <a href=\"https:\/\/fred.stlouisfed.org\/series\/FPCPITOTLZGARG\" target=\"_blank\" rel=\"noopener\">surpass 200 percent<\/a> by 2024.<\/p>\n<p>Libertarian <a href=\"https:\/\/www.westernjournal.com\/watch-argentine-president-javier-milei-goes-enemy-territory-bashes-socialism-wef-davos\/\" target=\"_blank\" rel=\"noopener\">Javier Milei<\/a>, who was elected in November 2023 to tackle inflation, managed to get the nation back toward fiscal sanity by slashing government spending and dismantling socialist policies instituted by the nation&rsquo;s former president, Juan Domingo Per&oacute;n, according to the <a href=\"https:\/\/www.cato.org\/free-society\/spring-2025\/deregulation-argentina-milei-takes-deep-chainsaw-bureaucracy-red-tape\" target=\"_blank\" rel=\"noopener\">Cato Institute<\/a>.<\/p>\n<p>He has brought the inflation rate down to an annual rate of 31 percent as of 2025, <a href=\"https:\/\/www.reuters.com\/world\/americas\/argentina-inflation-is-forecast-have-ended-2025-more-than-seven-year-low-2026-01-12\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> reported.<\/p>\n<p>Argentina has also posted a <a href=\"https:\/\/www.batimes.com.ar\/news\/economy\/argentina-posted-fiscal-surplus-in-2025-for-second-year-running.phtml\" target=\"_blank\" rel=\"noopener\">budget surplus<\/a> for the last two years.<\/p>\n<p>The United States got a small taste of what massive deficit spending, primarily fueled by Democratic transfer of wealth programs, was like during the Biden administration.<\/p>\n<p>Inflation <a href=\"https:\/\/www.westernjournal.com\/biden-brags-inflation-lowest-since-month-signed-1-9t-bill-sparked\/\" target=\"_blank\" rel=\"noopener\">began to increase<\/a> after President Joe Biden signed the $1.9 trillion American Rescue Plan into law in March 2021, as the economy was already well on its way to recovery.<\/p>\n<p>The inflation rate was <a href=\"https:\/\/www.westernjournal.com\/biden-brags-inflation-lowest-since-month-signed-1-9t-bill-sparked\/\" target=\"_blank\" rel=\"noopener\">1.4 percent<\/a> when President Donald Trump left office in January 2021. It averaged 1.9 percent during his entire four years in office, among the lowest of any president going back to Dwight Eisenhower in the 1950s.<\/p>\n<p>The month after the America Rescue Plan was passed and hundreds of billions were borrowed, inflation went up to <a href=\"https:\/\/www.statista.com\/statistics\/1394307\/monthly-inflation-vs-core-inflation-us\/\" target=\"_blank\" rel=\"noopener\">4.2 percent<\/a> and continued until it spiked at 9.1 percent in June 2022.<\/p>\n<p>Trump <a href=\"https:\/\/www.westernjournal.com\/trump-keeps-stacking-wins-new-data-shows-inflation-slowed-expected\/\" target=\"_blank\" rel=\"noopener\">celebrated<\/a> the news last week of inflation declining to 2.4 percent as his administration slashed the deficit by $600 billion in 2025.<\/p>\n<p>Let Argentina, Venezuela, and even California serve as cautionary tales.<\/p>\n<p>Reject AOC&rsquo;s envy-based &ldquo;sock it to tax the rich&rdquo; siren song and allow people to continue to pursue the American dream to their fullest potential.<\/p>\n<p>It&rsquo;s what is best for them and society as a whole, with the many opportunities they create for others.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Argentinian lawmaker challenged Rep. Alexandria Ocasio-Cortez\u2019s push for a wealth tax at the Munich Security Conference, warning that such a tax is only a short-term fix that ends up harming the economy by driving the wealthy away. Ocasio-Cortez indicated she favors a wealth tax and urged it be enacted quickly, referencing earlier talk of a 70% top rate for incomes over $10 million. Critics argued that very high tax rates rarely raise substantial revenue because the rich can exploit loopholes or cut back activity, and that wealth taxes can trigger capital flight, as seen in California and New York with multimillionaires moving to states like Florida. The piece notes that moving wealth and people can erode tax bases, and cites ongoing US and Argentine fiscal dynamics, inflation, and debt as cautionary tales against envying or penalizing wealth. It concludes by arguing to reject wealth-tax rhetoric and to preserve economic opportunity and the American dream<\/p>\n","protected":false},"author":1,"featured_media":2570589,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/02\/Ben-Working-Feature-Image-2026-02-17T004425.325.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[8334,73935,50396,4326,40046],"class_list":["post-2570588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-aoc","tag-argentinian-lawmaker","tag-munich-security-conference","tag-policy","tag-wealth-tax"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/02\/Ben-Working-Feature-Image-2026-02-17T004425.325.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2570588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2570588"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2570588\/revisions"}],"predecessor-version":[{"id":2570592,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2570588\/revisions\/2570592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2570589"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2570588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2570588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2570588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}