According to new developments from Townhall, Rep. Alexandria Ocasio-Cortez will become part of the House Financial Services Committee. Ocasio-Cortez has previously expressed interest in joining this committee, although all of the details of the role she will play are not clear at this time.
The Problematic Combination of Ocasio-Cortez and Finances
The responsibilities of the House Financial Services Committee include managing housing and financial services, such as real estate, insurance, banking, assisted/public housing, and securities. Despite the ambiguity regarding the specific role which Ocasio-Cortez will play in the committee, the mere thought of her being anywhere near America’s finances is downright problematic.
Alexandria Ocasio-Cortez has, on multiple occasions, demonstrated her lack of understanding finances and the economy. Like most radical, far-left progressives, she believes that taxing wealthy people into oblivion will solve all problems and lift people out of poverty.
What she fails to realize is that making rich people poor will not make poor people rich. Moreover, many rich people are going to take steps to protect their wealth and rightfully so. There’s only so much money which one can garner from increasing taxes on wealthy Americans. Contrary to popular leftist beliefs, taxing top earners into oblivion will not successfully fund all the government programs which radical progressives want.
News of Ocasio-Cortez’s participation in the House Financial Services Committee comes after her public admission to wanting a 70% tax rate on top earners in the United States.
How do you feel knowing that Ocasio-Cortez will play a role in America’s finances? Sound off and let us know in the comments below!