Why tax rates are too low for the wealthy

The comments by newly minted Congresswoman Alexandria Ocasio-Cortez, D-N.Y., calling for higher taxes on the rich continue to reverberate in public discussion, two weeks after they were broadcast on "60 Minutes."

That's enough time for conservative criticisms of Ocasio-Cortez's remarks to gel. And that, in turn, gives us an opportunity to examine them and show how they're wrong.

First, let's briefly examine why these remarks by the first-term politician known commonly as AOC generate so much pushback. One reason surely is that the establishment is rattled by a newcomer so skilled at using modern communications techniques - social media, that is - to challenge establishment thinking. Another is that in her comments on taxation, she's striking at the most important