Ocasio-Cortez: an economic system in which there are billionaires, immoral

The youngest Congresswoman and a resident of new York Alexandria Ocasio-Cortez said that the economic system that allows for the emergence and existence of the billionaires, «immoral».

About this Ocasio-Cortez said in Harlem at the event dedicated to the memory of Martin Luther king.

«I really think it’s wrong and immoral system — a system that allows billionaires to exist, when, for example, in parts of Alabama there are people living with ringworm. Just because they have no access to public healthcare, said the Congresswoman, adding that he doesn’t think all billionaires are immoral. I can’t say at the same time that people like bill gates or Warren Buffett’s — is immoral. I just think it is wrong when many Americans are working 100 hours a week, and they don’t have enough money to support his family. You are comfortable to live in a society where someone can afford a helipad, while in new York, the highest rates of unemployment since the great depression?».

Democratic socialist Ocasio-Cortez in his campaign defended and continues to defend radical methods to reduce economic inequalities.

One of those decisions — the marginal tax rate of 70%. This tax, at the suggestion of Congresswoman, will apply to people earning more than $10 million a year. Now their marginal tax rate is limited to 37%.

«It’s a question to understand if we crossed the line? It does not become entirely material ahead of moral?», said Ocasio-Cortez.

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