In this video, I talk with John Sneisen break down the absurdity of Alexandria Ocasio-Cortez's comments and why they're not only no rooted in reality but also incredibly coercive and historically terrible.
Ocaio-Cortez who can better be described as an idealistic 12 year old who doesn't quite understand how money work despite going to university for that very subject (and getting indoctrinated) recently made the statement that a society that allows billionaires is "immoral".
So basically, it's terrible and greedy to work hard for success and pay a bunch of employees and giving a bunch of people jobs all voluntarily, but it's "fair" for government to steal people's money to fund terrible things around the world that the vast majority of people didn't ask for?
The irony is huge. A society that allows government is immoral.
Governments create the problem. You cannot fix government with government. Sure, there are a lot of terrible billionaires out there, but much of that can be attributed to the government monopolies propped up across the board via the hand of regulations, taxes, etc. It makes it incredibly difficult to compete in the market as a small business and allows these mega corporations to gain an upper hand. Thanks government...
We also cannot forget the roll inflation by the printing of US Dollars has in creating billionaires. Many of the billionaires except a select few are simply millionaires of the past. The price of living has gone up a lot over time due to centralization.
Ocasio-Cortez also wants a 70% tax on the rich and claims the climate will likely end the world in 12 years. What on Earth?? These comments will not age well and the 70% tax would completely destroy industry causing people to be on the streets in vast poverty. No one takes history lessons anymore.
We tackle the issue of collectivism in this video and why it's not capitalism that's the problem, it's the lack of free market interactions and the overwhelming level of government intervention.