AOC: You can't 'earn' a billion dollars [View all]
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"And so, you have to create a myth that since you didn't earn that, you have to create a myth of earning it," added the New York Democrat.
Wealth concentration at historic levels
Ocasio‑Cortez’s remarks come as wealth concentration in the United States has reached historic levels. The richest 1% of Americans controlled 31.7% of the nation’s wealth in the third quarter of 2025, the highest share since records began in 1989, according to Federal Reserve data cited by Forbes.
That imbalance, she said, leads many people to internalize economic hardship as a personal failure rather than a systemic issue.
“As a result, we’ve kind of internalized this moralized system,” the progressive Democrat said. “The people at the top are smarter, better, more sophisticated — and therefore the people at the bottom are uneducated, lazy, etc.”
Representative Alexandria Ocasio-Cortez (D-NY) announces the Artificial Intelligence Data Center Moratorium Act on Capitol Hill in Washington, D.C. on March 25th 2026. Evelyn Hockstein, Reuters
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https://www.usatoday.com/story/news/politics/2026/05/12/aoc-billion-dollar-wealth-not-earned/90032842007/
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