Posted on Mar 27, 2022
What AOC’s Latest Viral Instagram Rant Gets Wrong About Billionaires and Capitalism | Brad...
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https://fee.org/articles/what-aoc-s-latest-viral-rant-gets-wrong-about-billionaires-and-capitalism/?utm_source=email&utm_medium=email&utm_campaign=2020_FEEWeekly
Despite AOC’s claims, support for capitalism should in no way depend on whether one is a billionaire or has “capitalist money.” (Whatever that means.) In reality, the spread of capitalism and free trade around the globe has helped uplift the world’s poorest more than anything else in human history.
Despite AOC’s claims, support for capitalism should in no way depend on whether one is a billionaire or has “capitalist money.” (Whatever that means.) In reality, the spread of capitalism and free trade around the globe has helped uplift the world’s poorest more than anything else in human history.
Posted in these groups: 
Economics
Capitalism
Economics Capitalism
Edited >1 y ago
Posted >1 y ago
Responses: 4
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For a young woman, with only 4 years in Congress, with a yearly salary around $174k, she has an estimated net worth of $100-500k. So, I guess capitalism is good for thee but not for thee. Hmmm!.
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SFC Casey O'Mally
MAJ Roland McDonald - And now is where I get to issue my own mea culpa. I did VERY bad math, somehow. That total should be around $9300, not $5500. Which means that yes, after taxes, she is living paycheck to paycheck. Or she has to find ways to cut down those expenses (likely the debt payments can be cut to $1K / month, freeing up another $2K for savings).
Of course, I did go STUPID high on all my estimates (on purpose), so she can also find savings in there, likely. I still believe I could live in NYC on $140K / year, but I am debt free (aside from mortgages), which makes a big difference.
Of course, I did go STUPID high on all my estimates (on purpose), so she can also find savings in there, likely. I still believe I could live in NYC on $140K / year, but I am debt free (aside from mortgages), which makes a big difference.
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SPC James Neidig
MAJ Roland McDonald I Read, She’s Not Made a Student Loan Payment in a Few Years? She Thinks They Should be Forgiven.
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MAJ Roland McDonald
SPC James Neidig That's what have also read. Actually I also read she thinks all college should be free.
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I do not understand the workings of the mind of AOC. She rants against Capitalism and yet her efforts helped kill a project that would have provided many jobs for her constituents. IMHO she is the one who truly does not understand how Capitalism works.
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SFC Casey O'Mally
But those were EVIL jobs working for an EVIL capitalist. New York is better off without them. Instead, the government should be taxing everyone so they can pay those same people to do nothing. Because that is HEALTHY and GOOD and RIGHT.
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Here's a shocker from wikipedia
"Ocasio-Cortez attended Boston University, where she double-majored in international relations and economics, graduating cum laude."
Obviously Boston University professors of economics have no clue how economics works. And graduating cum laude tells me you don't have to work hard to graduate with honors.
"Ocasio-Cortez attended Boston University, where she double-majored in international relations and economics, graduating cum laude."
Obviously Boston University professors of economics have no clue how economics works. And graduating cum laude tells me you don't have to work hard to graduate with honors.
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