Editorial: Rich’s disposable income fuels the economy | Editorials

Representative Alexandria Ocasio-Cortez (D-NY) is a woman of the people. So much so that she walked past a Black Lives Matter protest outside New York’s Metropolitan Museum of Art and joined the star-studded Met Gala indoors as a guest earlier this week.

As reported by the New York Post, AOC said that she and New York designer Aurora James, whose dress she wore, were there to “open the doors to the Met.”

It’s not necessary. AOC got his bill of $ 30,000 or more.

The Met Gala is the annual fundraiser to benefit the Costume Institute at the Metropolitan Museum of Art. He is known for celebrities, over the top fashion and lots and lots of money. In 2019, more than $ 13 million were reportedly raised.

The keynote of the evening, of course, was the AOC off-the-shoulder white gown by James, emblazoned with the words “Tax the Rich” in red.

This is the motto of the Squad star.

James, who started luxury brand Brother Vellies, is known to produce shoes and accessories and couldn’t calculate the cost of the AOC dress, FastCompany reported. To give you an idea, a pair of sky blue pumps with Swarovski crystals and James pearls will set you back $ 715.

According to Fox News, during a red carpet interview, Ocasio-Cortez said that she and James discussed “what it means to be working class women of color at the Met.”

The Ocasio-Cortez representative earns at least $ 174,000 per year. She is not from the working class by far.

Obviously, AOC saw her dress as the armor of a social warrior – breaking down the doors (which were open to her) and telling the wealthy that they needed to fund her Green New Deal and everything else on her agenda.

“We need to break the fourth wall and challenge some institutions, and while the Met is known for its show, we should discuss that,” Ocasio-Cortez said.

And what would this conversation be? What might the fallout from the 70% WCA tax on the rich look like? Fundraising for the Met is a small slice of the pie.

The rich do more than shoot into space and triumphantly land on Earth a few minutes later. They spend some of that loot on things like expensive blue pumps with Swarovski crystals, fund start-ups, and hand out big change coins.

BusinessInsider reported on the WealthX 2019 Billionaire Census, which tracked, among other things, what causes billionaire giving and by what percentage.

32.6% of the world’s billionaire population donated to environmental, conservation and animal causes

31.9% donated to the development of children and young people

57.4% donated to healthcare and medical research

57.6% donated to arts and culture

This is just a sample, and the study noted that the numbers never totaled 100% because people donated to more than one cause.

AOC has been called out before for her lack of economic knowledge, and we’re worried this could happen again, despite her dress’s long hemline.

While wealthy benefactors raising funds for a costume department in a museum may seem overkill, it is the spectacle that draws tourists in. Art museums, science museums, live theater, concerts, restaurants – whatever you want, disposable income is good because it fuels our economy.

Now there is a slogan that would look great on a dress.

Today’s editorial is from the Boston Herald. The opinions expressed are not necessarily those of this newspaper.

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