politics
AOC doesn't believe true billionaires exist — soon they won't, at least in New York
Key takeaways
- Alexandria Ocasio-Cortez (D-N.Y.) came up with the best reason to tax billionaires: They do not actually exist.
- It is only the latest in a series of socialist fables that are being dressed up as economic facts.
- The difference is that this fable, if told often enough, could become true.
Why this matters: political developments that affect policy direction and public trust.
Alexandria Ocasio-Cortez (D-N.Y.) came up with the best reason to tax billionaires: They do not actually exist.
On a podcast, Ocasio-Cortez declared with all the certainty of a freshman in a Smith College political science course that the notion of a self-made billionaire is simply a fantasy, because you just can t earn a billion dollars. It is only the latest in a series of socialist fables that are being dressed up as economic facts.
The difference is that this fable, if told often enough, could become true.
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