Ocasio Cortez Rant

4/13/2022by admin

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Alexandria Ocasio-Cortez (D-NY) ranted that elected officials are not doing enough to provide economic relief to the American people as she made margaritas during an Instagram Live on Friday. Alexandria Ocasio-Cortez, D-N.Y., went off on a rant Tuesday in which she told economic shutdown protesters they were petitioning the wrong government officials, and should tell President.

Say what you will about left-wing darling Rep. Alexandria Ocasio-Cortez, but she knows how to get a message across on social media. One of the youngest members of the House of Representatives, the New York Democrat and socialist, boasts 8.1 million Instagram followers.

Alexandria Ocasio-Cortez (D-NY) took to Instagram live on Sunday evening from her kitchen in her Bronx apartment to rant about the Green New Deal, socialism, Sen. Diane Feinstein (D-CA), and the end of the world. In the video, one of several criticizing the number of white male figures represented in the U.S. Capitol, Ocasio-Cortez refers to the “patriarchy and white supremacist culture” and pans to Hawaii’s statue of Father Damien, a Belgium-born 19th-century priest who dedicated his life to a leper colony on the island of Molokai and eventually. The longstanding resentment between the two resulted in another Twitter feud, with Ocasio-Cortez calling Trump a criminal. However, this didn’t end well, as the congresswoman apparently forgot that it’s not easy to defeat Trump at his own game. Democrat Alexandria Ocasio-Cortez hit back at President Donald Trump for his recent tweet about her.

Alexandria Ocasio-cortez Rant On Instagram

It’s a shame that Ocasio-Cortez has once again used her talent for going viral to spread misleading narratives that ignore basic economics. This time, in one of her ask-me-anything Instagram stories, the congresswoman was asked about her position that billionaires shouldn’t exist. 'The question of billionaires is less about being a ‘good’ or ‘bad’ individual and more about the immorality of a system and economy that not only allows abuse of everyday people, but financially rewards the powerful who profit off not paying workers a living wage, keeping medicine expensive … or otherwise hoarding unthinkable levels of wealth for the very few by denying basic dignities of life for the many,” she wrote.

Ocasio-Cortez continued, “Billionaires are a symptom of a society that does not afford people basic elements of dignity,” concluding, “If people want we can revisit the billionaire question when everyone has healthcare, climate change is addressed, [and] people have actual dignified standards of living.'

There’s one glaring problem with Ocasio-Cortez’s impassioned tirade: Economics is not a zero-sum game. Her argument is predicated upon the idea that in the process of achieving great wealth, a billionaire had to take that wealth away from someone else. This simply isn’t how a free-market economy works.

When you voluntarily buy groceries from the local market, you and the store owner are both made better off by the transaction. You get goods that are worth more to you than the money you’re spending on them (or else you wouldn’t make the purchase) and vice versa for the store owner.

So, in pursuing his fortune, a billionaire supermarket chain owner would have to enrich millions of customers by creating opportunities for mutually beneficial transactions. The only way to obtain great wealth without doing this would be to lobby the government for crony regulations or subsidies to get an artificial monopoly (the kind of programs Ocasio-Cortez often supports).

With her latest anti-billionaire tirade, Ocasio-Cortez is engaging in the zero-sum fallacy of poor economic thinking. “The fallacy here is the implicit assumption that there is a fixed pie of wealth and that what market activity does is just allocate that among individuals, households, or nations,” economist Steve Horwitiz explains. “It ignores the way in which wealth is created through production and exchange,” he continues. “One of the most fundamental insights of economics is that exchange is mutually beneficial and therefore wealth-creating.”

In fact, economist Deirdre McCloskey estimates that successful entrepreneurs only see about 2% of the total wealth created by their innovation. Take the late Apple CEO Steve Jobs, for example. He died with a net worth of $10 billion, making him one of the evil billionaires Ocasio-Cortez wants to regulate and tax out of existence. Yet, he didn’t achieve this great wealth by defrauding people or taking opportunities that could have gone to others.

Rather, in order to become a billionaire, Jobs had to spark the creation of 2 million jobs across the United States, nearly 450,000 through suppliers and roughly 1.5 million more indirectly through a retail ecosystem. Moreover, Jobs had to oversee the development and distribution of products that have improved all of our lives immeasurably.

Of course, Ocasio-Cortez and her supporters could argue that they simply want to address the end state of billionaire-ness by taking that wealth and redistributing it to those in need. But any policy to achieve this goal, such as the congresswoman’s favored 70% top tax rate, would destroy the incentive structure that allows entrepreneurs to keep climbing. To put it simplistically, Jobs would likely have stopped after the first iPod if he’d faced confiscatory levels of taxation on any future successes.

So, were you to game it out, the natural result of this fallacious narrative would not be the social justice utopia Ocasio-Cortez imagines. It would be an America where we’re all a lot poorer.

Brad Polumbo (@Brad_Polumbo) is a Washington Examiner contributor and host of the Breaking Boundaries podcast.

Tags:Opinion, Beltway Confidential, Blog Contributors, Alexandria Ocasio-Cortez, Economy, money, Taxes, Policy, Social Justice

Original Author:Brad Polumbo

Original Location:AOC’s latest rant about billionaires is totally off-base

Congresswoman Alexandria Ocasio-Cortez (D-NY) was mocked after throwing a hissy fit on the House floor during a debate over the $2 trillion bailout stimulus package aimed at easing the coronavirus burden.

On Friday, the New York representative delivered a heated one-minute rant over the bill, which will give money to Americans but also to some corporations struggling to cope with the economic fallout.

“The greed of that fight is wrong, for crumbs for our families,” Ocasio-Cortez stated, flailing her arms wildly.

“What did the Senate majority fight for? One of the largest corporate bailouts with as few strings as possible in American history. Shameful!”

AOC’s antics were mocked on social media.

Blanca Ocasio Cortez

“When the drama kids give a presentation in class,” said one person.

when the drama kids gives a presentation in class pic.twitter.com/T5LGgOJZ7c

— Kyle Kashuv (@KyleKashuv) March 27, 2020

Conservative commentator Candace Owens pointed out AOC’s rant and body movements were comparable to stage acting, calling it “rehearsed buffoonery.”

It is weird to me that there are still people in America who do not realize that @AOC is a paid actress.

WHO moves their arms like this when they speak? 😂

It’s hard not to laugh at this rehearsed buffoonery. pic.twitter.com/FQ2mlW7Hwl

— Candace Owens (@RealCandaceO) March 27, 2020

“This is Veruca Salt from Charlie and the Chocolate Factory now,” another person commented, adding, “Feel old yet?”

On Thursday, AOC also complained the stimulus package gave $1,200 to American citizens with social security numbers, but NOTHING to illegal immigrants.

To clarify, $1200 checks are ONLY going to some w/social sec numbers, NOT immigrants w/ tax IDs (ITINs).

Ocasio Cortez Rent Control

Thanks to GOP, these checks will be cut off the backs of *taxpaying immigrants,* who get nothing. Many are essential workers who pay more taxes than Amazon.

Wall St gets $4T

— Alexandria Ocasio-Cortez (@AOC) March 26, 2020