January 21, 2020
Rep. Alexandria Ocasio-Cortez, D-N.Y., said that "no one ever makes a billion dollars. You take a billion dollars" during a Martin Luther King Jr. Day discussion with author Ta-Nehisi Coates on Monday.
"No one ever makes a billion dollars. You take a billion dollars," Ocasio-Cortez said, receiving applause."I'm not here to villainize and to say billionaires are inherently morally corrupt. ...It's to say that this system that we live in, life in capitalism always ends in billionaires."
She addressed a hypothetical "widget" billionaire in her remarks.
"You didn't make those widgets, did you? Because you employed thousands of people and paid them less than a living wage to make those widgets for you," Ocasio-Cortez said."You didn't make those widgets. You sat on a couch while thousands of people were paid modern-day slave wages, and in some cases real modern-day slavery."
Who knew that the widget business was so terrible? Much worse than the automobile manufacturing business, apparently, where there are still lots of would-be workers striving to get in and get jobs. I guess to some people, modern-day slavery looks pretty good.
Am I cruel to want to see her lose her cushy House job and be forced to toil again as a bartender, obliged to hustle drinks for tips in bars where she isn't even paid a minimum wage, or wasn't back in the day?
Meanwhile, catch the rest of this article, found here: https://www.foxbusiness.com/money/aoc-billionaires-ta-nehisi-coates-interview if you have the stomach for it, that is.
I wonder if she dares talk to her boss Nancy Pelosi this way? Nan and her husband make tons of money off their Dole businesses, and I have the suspicion they don't pay their "undocumented people," "black and brown people" . . . and "single mothers" luxurious wages. No proof, but it's a hunch I have.
Without the billionaire there would be no thousandaires, which is what most people are. Instead of jobs you would have tax credits. Nobody but drug dealers, prostitutes, and vagrants live off tax credits.
Posted by: Timothy Birdnow at January 22, 2020 06:50 AM (cBBeO)
Posted by: Jillian Wyatt at January 22, 2020 09:15 AM (RX2O6)
And no, GM's current CEO didn't "make" the car, but he/she sure has to spend the day making a whole slew of decisions regarding the financial health of that company, which reflect directly on the financial health of the workers, all the way out to the people in the companies who make the paint and which are not even part of GM.
I'll just bet you that when AOC was hustling martinis she didn't give a stray thought to the toothpicks she was putting in them, but if every bartender in the Bronx alone stopped using them in martinis and all other drinks at the same time, the toothpick maker would feel "a fluctuation in the force."
Posted by: Dana Mathewson at January 22, 2020 11:21 AM (9yEgJ)
The workers stand to gain, regardless of how well the company prospers.They are paid a wage whether the company profits or not, and that wage is not taken back if the company fails. The gain, and have nothing to lose.
The stake holders, the ones to whom the profit goes, gain if the company prospers, but if the company fails they do not merely lose the gain. They lose their stake. They lose the money that they put into making the company.
"You didn't build that product" is a specious argument, to which the proper reply is, "No, but I built the company that built that product," and "I paid the wages of the people who built the product."
Posted by: Bill H at January 22, 2020 01:45 PM (vMiSr)
Posted by: Timothy Birdnow at January 22, 2020 04:13 PM (Ja5aj)
My brother works for Ford and he gets good pay plus profit sharing, so he gets paid no matter what PLUS he gets a bonus for a good year. If AOC is right and this is "slave labor" then why pay a bonus? Why pay at all? Sure, he doesn't make what the CEO does, but he makes a LOT more money than a migrant farm worker, say, who has come here illegally.
So why do people like AOC support illegal immigration?
Posted by: Timothy Birdnow at January 22, 2020 04:15 PM (Ja5aj)
And Tim, wouldn't you like to see AOC put into a hellish job where she not only has to tend the bar but distil and bottle the whisky and the gin she pours (ensuring the correct alcohol content), print the labels and slap them onto the bottles, brew the beer, make the wine, clean the lines of the draft beer taps? Not grow the olives but take care of the procurement of them, make sure they are the pitted kind, stuff the pimentos into them? And for Heaven's sakes, wash all the glasses, stack them on the bar correctly? Inventory all glass stock at end of shift to replace all breakage? Cut up all the other condiments (twists, etc.) and make sure they don't run out -- be the direct contact with the distributors, of course. Etc., etc., etc. All this for "normal" bartender's wages, none of this inflated minimum wage that's popular these days -- she'll have to do as regular bartenders do and get by on tips by using her charm.
Posted by: Dana Mathewson at January 22, 2020 07:25 PM (l0Dc6)
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