The irony of someone like AOC complaining that people make more money than they deserve. She makes $174,000/year to say things like this.
There are 330 million people in America. All you have to do to become a billionaire is provide enough value to each American through your goods or services that you can make an extra three bucks each for yourself.https://twitter.com/AOC/status/1230334453978992640 …
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Stop making sense, Geoffrey.
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Wait! That’s *all* I have to do? Damn! Why didn’t you tell me that 20 years ago?
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Because twenty years ago it'd probably have to be 4.50
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What book's she reading? Most US billionaires create new goods, capture a fraction of the value, create most new jobs paying highest wages & then give their fortunes to make things like insulin free or science that makes it irrelevant
@peterthiel: send her a copy of Zero to One -
I think peter thielen would also agree that a few from the very top have manipulated the markets to suck wealth from the moddle (R&D?) class.
End of conversation
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It's all about scale and leverage, if your job is providing value to one person at a time (ie : Walmart cashier) don't expect to make the same amount as someone who helps thousands of people per minute
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Marx exploitation of labor theory. Classic
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It can be simultaneously true that, especially in era of gig economy (though many gig economy startups aren't profitable) companies offer few protections and screw low wage workers, and lobby to keep doing same, AND AOC is utterly full of shit on 95% of economic issues.
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And for every billionaire there is a cemetery full of entrepreneurs who risked and lost everything
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