This whole "can you *earn* a billion dollars" debate is (as usual) a distraction.
If her proposed solution to wealth inequality is to take some of the money from the billionaires and give it to the government, then in turn "redistribute" some of that to the people, then it does nothing to address the actual problem at the core of the inequality itself.
If you do not address the core problem, then you do not have an adequate solution.
Inflation, aka money printing, is the actual root cause of the anger over wealth inequality and the dramatic expansion of wealth the inequality itself.
Perpetually increasing the money supply drives up prices of normal goods and services (aka inflation in the cost of living), which makes life harder for you and me, because our wages and our savings buy less.
Money printing also causes asset inflation, which drives up the wealth of those who own all the assets (aka the rich).
Periodically taking some of that wealth from them and giving it to the government does not address the root cause.
Why keep printing money that drives up asset values and cost of living, then feign an attempt to "solve" that issue by taking some small percentage of wealth from billionaires and giving it to the government? (Of which some even smaller percentage will be redistributed to the poor and middle class)
Until we fix the broken money system and replace it with one that can't be so easily manipulated, nothing will change.
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Marco Foster (@MarcoFoster_) on X
AOC: “There’s a certain level of wealth and accumulation that is unearned. You can’t earn a billion dollars. You just can’t earn that. You ...
