Monday, May 18, 2026

Why Does AOC Think Billionaires Mustn't Exist?

I'm sure the generation that has shown it doesn't know what a Nazi is has no clue what a communist is either. TD

Rich Lowry   

"Despite what AOC thinks, becoming a billionaire isn't easy, and it's not possible without creating substantial benefits for the rest of society. Becoming a celebrity congresswoman who is hostile to the sources of American success and who evangelizes for economic ignorance is, unfortunately, much easier."


"Alexandria Ocasio-Cortez doesn't believe in billionaires.
"On a podcast the other day, she said that it's impossible to make a billion dollars without lying, cheating or stealing.
"'There's a certain level of wealth and accumulation that is unearned, right," AOC declared.
"You can't earn a billion dollars. You just can't earn that.
"You can get market power, you can break rules, you can abuse labor laws, you can pay people less than what they're worth, but you can't earn that."
"The New York congresswoman makes it sound as though our billionaires are the equivalent of Russian oligarchs who got their riches through government favor, when in reality they tend to be epic entrepreneurs and legendary investors who create stupendous value out of nothing.
"Typical of her, AOC is taking a strength of American society — its openness to talent and innovation — and portraying it as a fundamental problem.
"No rational person looks at the top 10 list of wealthiest people in the United States and thinks, "What have any of those people done for us?"
"It's hard to imagine life now without Amazon, Tesla, Google or Facebook, for example.
"Judging by the list, becoming a billionaire is quite simple — all it requires is unbelievable talent matched to ferocious will and prodigious executive ability, resulting in a world-changing business enterprise.
"The idea that any of the most famous US entrepreneurs got where they are through, say, wage theft is laughable.
"The transformative nature of these businesses is self-evident.
"Jeff Bezos didn't just open up a corner store, or a department chain: He revolutionized the retail industry.
"He saved Americans untold dollars through cheaper goods and spared them untold time and inconvenience by obviating the need to travel to and from a retail outlet." . . .  More


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