« previous next »
Pages: [1]   Go Down

Author Topic: AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees  (Read 352 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 383,596
  • Gender: Female
  • Let's Go Brandon!
AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees
« on: February 20, 2020, 03:00:16 pm »
AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees
Julio Rosas

Posted: Feb 19, 2020 4:20 PM

Rep. Alexandria Ocasio-Cortez (D-NY) stated during her Wednesday interview on "The View" the billionaires behind companies like Walmart and Amazon should not exist because they underpay their employees.

Co-host Meghan McCain asked Ocasio-Cortez how she felt about the presence of billionaires Tom Steyer and Michael Bloomberg in the Democratic race for president. Both Steyer and Bloomberg have spent vast amounts of personal wealth on their campaigns, with Bloomberg topping the spending chart.

more
https://townhall.com/tipsheet/juliorosas/2020/02/19/aoc-billionaires-are-rich-because-they-underpay-their-employees-n2561561
Logged
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline Applewood

  • Hero Member
  • *****
  • Posts: 10,361
Re: AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees
« Reply #1 on: February 20, 2020, 03:06:43 pm »
I don't know who are more pathetic:  AOC and commies like her, or the peasants who think her bleatings are so wise.
Logged

Offline LMAO

  • Hero Member
  • *****
  • Posts: 15,868
  • Gender: Male
Re: AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees
« Reply #2 on: February 20, 2020, 04:38:07 pm »
This woman actually has a degree in economics

 How in the hell do you have a degree in economics and not know the difference between a tax incentive and a subsidy?

Logged
I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

http://www.usdebtclock.org

My Avatar is my adult autistic son Tommy

Online jmyrlefuller

  • J. Myrle Fuller
  • Cat Mod
  • *****
  • Posts: 22,385
  • Gender: Male
  • Realistic nihilist
    • Fullervision
Re: AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees
« Reply #3 on: February 20, 2020, 04:49:52 pm »
They get rich on passive income, investing in other companies as financial instruments. That's why hard work doesn't pay off... and why socialism gets it wrong so much.

We tax income from labor at a higher rate than we tax income from passive instruments like stock.
Logged
New profile picture in honor of Public Domain Day 2024

Offline Applewood

  • Hero Member
  • *****
  • Posts: 10,361
Re: AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees
« Reply #4 on: February 20, 2020, 05:40:21 pm »
Quote from: LMAO on February 20, 2020, 04:38:07 pm
This woman actually has a degree in economics

 How in the hell do you have a degree in economics and not know the difference between a tax incentive and a subsidy?

Having a degree does not mean a person is smart.  My first law firm job,  I worked for a University of Pittsburgh School of Law graduate.  This guy was brilliant.  On the other hand, there was a partner in that firm who graduated from Harvard Law.  He was as dumb as a rock. 

Now I'm not the brightest bulb in the chandelier, but there are times I know more about the economy than some of the so-called experts with an alphabet soup of degrees after their names.  Maybe it's because most of us live in the real world, not in some ivory tower, and we know what works and what doesn't.
« Last Edit: February 20, 2020, 05:41:14 pm by Applewood »
Logged

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 36,663
Re: AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees
« Reply #5 on: February 20, 2020, 05:46:17 pm »
The federal government should not exist because it operates in the red from overpaying employees.
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline GtHawk

  • Hero Member
  • *****
  • Posts: 18,838
  • Gender: Male
  • I don't believe in Trump anymore, he's an illusion
Re: AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees
« Reply #6 on: February 21, 2020, 12:37:45 am »
Quote from: LMAO on February 20, 2020, 04:38:07 pm
This woman actually has a degree in economics

 How in the hell do you have a degree in economics and not know the difference between a tax incentive and a subsidy?
Maybe I'm wrong but what comes to mind are the principles behind a vacuum and male professors? One can't help but wonder if her nickname in school was Hoover for more than the obvious reason.
Logged

Offline Smokin Joe

  • Hero Member
  • *****
  • Posts: 56,846
  • I was a "conspiracy theorist". Now I'm just right.
Re: AOC: Billionaires Should Not Exist Because They Get Rich By Underpaying Their Employees
« Reply #7 on: February 21, 2020, 08:43:07 am »
Quote from: jmyrlefuller on February 20, 2020, 04:49:52 pm
They get rich on passive income, investing in other companies as financial instruments. That's why hard work doesn't pay off... and why socialism gets it wrong so much.

We tax income from labor at a higher rate than we tax income from passive instruments like stock.
Which is just bassackwards. Income from passive investments is income (profit).
Money received from labor is an exchange (time/skill for money), but given the fair value implied in doing the labor for the amount, it is a value for value exchange, and not income (no profit).
Logged
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis
Pages: [1]   Go Up
« previous next »