On this day, 26 October 1881 communist Indigenous activist Dolores Cacuango was born in Ecuador to a family of poor hacienda workers. She ran away from her family to Quito, where she got a job as a maid, learned Spanish and gradually became radicalised. Cacuango moved back to her home town to help organise with the working class to improve their conditions. A liberal revolution took place in 1916, which claimed it would give back land stolen from Indigenous peoples by big landowners and the Church. But the promises of the new government were largely unmet, and poor campesinos continued to be largely landless and ruthlessly exploited. Cacuango took part in the landless and Indigenous movements, and strongly advocated for women’s rights and campaigned against the endemic sexual abuse of Indigenous women by hacienda bosses, becoming famed for her fiery speeches in Spanish and Kichwa. She took part in various uprisings and strikes, became a leading member of the Communist Party, co-founded the Indigenous Ecuadorian Federation in 1944 and lived until the age of 89. https://www.facebook.com/workingclasshistory/photos/a.296224173896073/1839392632912545/?type=3
I know more about economics than AOC and my knowledge on economics is on a high school level. Its actually embarassing how little she knows about this shit. But hey, expecting a socialist to know about economics is like expecting a fish to know what a desert is.
Much of the ocean is a desert
You know what? Let’s use the allowance example again to make it even clearer.
Let’s pretend we have an allowance tax bracket with a 70% tax on money received after a certain point. To keep things simple, we’ll make the limit $90.
If a kid does chores and earns $10 in allowance, they get $10. They’re not going to be affected by the 70% tax.
If a kid does chores and earns $50, they get $50. They also aren’t in the 70% tax bracket, even though they make five times as much money as the kid making $10.
If a kid does chores and earns $100 in allowance, then they’re in the allowance tax bracket with the 70% tax.
$100 minus $90 is $10. This is the part that’s going to be taxed 70%.
70% of $10 is $7.
So the kid getting $100 in allowance will have $93 after the 70% tax takes its share.
Now, I’d never impose such a thing on actual kids. All of this is a thought exercise.
But if it were real, the kid making $10 and the kid making $50 would probably be kind of mad if the kid getting $93 was bitching about being short $7.
Also AOC majored in economics (actually one of her two majors) so step the FUCK off my congresswoman tyvm
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