AOC’s Latest Viral Post Flunks Econ 101

There’s one glaring problem with Ocasio-Cortez’s impassioned tirade

by Brad Polumbo
The Foundation for Economic Education

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.

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.

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