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The AOC adviser behind the 'Every billionaire is a policy failure' slogan says there's a critical issue with depending on the richest people to fix the world's biggest problems

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AOC dan riffle

  • Dan Riffle, Rep. Alexandria Ocasio-Cortez's senior counsel and policy adviser, wrote the slogan "every billionaire is a policy failure."
  • While Riffle believes big philanthropy can be a good thing, he told Vox that high-income taxes on the 1% would allow those resources to be distributed more democratically. 
  • Riffle believes that the government should "tax income over $5 million at 99 percent," according to Vox .
  • Visit Business Insider's homepage for more stories.
Dan Riffle is such a believer in "every billionaire is a policy failure" — the slogan popularized by Rep.  Alexandria Ocasio-Cortez — that it's listed as his name on his Twitter profile . Riffle, Ocasio-Cortez's senior counsel and policy adviser, told Vox that he originally came up with the slogan.  In an interview with Dylan Matthews from Vox , Riffle said he was inspired to write a slogan about wealth inequality after seeing the popularity of #abolishICE. "I think the most pressing issue in the country is wealth and income inequality, and wanted to draw attention to that," he said. "I was trying to come up with a phrase to define a policy that would address that." When billionaires accumulate massive personal fortunes, it leaves fewer resources to be divided among the rest of the population, Riffle told Vox . While he applauds the philanthropic work of billionaires including George Soros  and Charles Koch , Riffle explained that the real issue is that it is inefficient and undemocratic for billionaires to use philanthropy to decide how to solve the world's problems. Riffle believes that it is better for an elected government to distribute those resources.  "The idea that Bill Gates is the one guy who should be out there curing malaria is ludicrous to me," Riffle said in the interview. "Why should a guy who has expertise in software and taking maximum advantage of patent laws be the guy in charge of curing malaria?" Read more: Meet the 18 ultra-wealthy Americans begging for a wealth tax, from a Facebook cofounder to a Disney heiress Riffle told Vox that he believes that the government should "tax income over $5 million at 99 percent." In fact, that very statement was a precursor to his now-famous slogan. However, Riffle said that he hasn't settled on exactly at which income level the 99% tax should kick in. Only 20% of Americans agree with Riffle that "every billionaire is a policy failure," according to a Huffington Post/YouGov poll, but his ideas may have some support among ultra-wealthy Americans. In June, 19 multimillionaires and billionaires — including George Soros , Abigail Disney , and members of the Pritzker and Gund families — signed a letter asking presidential candidates to Číst dále >>>

Mum gives birth to her BROTHER’S baby after he and his partner refused to trust a stranger as their surrogate

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A MUM has revealed how she stepped in to help her brother be a parent by giving birth to his child after having her egg fertilised by his partner’s sperm. Chapelle Cooper, 27, from Dalton, Cumbria, was desperate to give her sibling Scott Stephenson the gift of parenthood – and so helped him and partner […] Číst dále >>> Přeložit do en

Elizabeth Hurley ukázala svoje prsia v plnej paráde: Šteklivá fotka hore bez

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enclosure image Anglická herečka a modelka Elizabeth Hurley (54) zapózovala svojím fanúšikom na Instagrame v bazéne bez podprsenky. Na šteklivej fotografii sa previedla v plnej paráde. Číst dále >>>

‘Good,’ says Elizabeth Warren after billionaire right-winger Peter Thiel says she’s 2020 Democrat he is ‘most scared by’

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“Good.” Sen. Elizabeth Warren had just one word to say on Tuesday after billionaire right-winger Peter Thiel said she was the “dangerous one” among all the current 2020 presidential candidates. Thiel, the uber wealthy co-founder of Paypal and a prominent supporter of President Donald Trump, told Fox News personality Tucker Carlson on Monday night that the Democratic candidate […] Číst dále >>> Přeložit do en

The Queen’s favourite home Balmoral Castle is full of bats and she joins the servants chasing them for hours with nets

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THE Queen will soon be currently residing at her favourite holiday home, Balmoral Castle, and may take part in a rather unusual sport during the stay. The ballroom of the large Aberdeenshire estate is said to be home to a colony of pipistrelle bats that nest in the rafters – and Her Majesty has even […] Číst dále >>> Přeložit do en

Íslenskur lögreglumaður tjáir sig um aðferðir Duterte: Fimm ára barn myrt í fíkniefnarassíu

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Ályktun Íslands í Mannréttindaráði Sameinuðu þjóðanna þess efnis að úttekt þurfi að gera á ástandi mannréttindamála á Filippseyjum hefur vakið heimsathygli og deilur jafn innanlands sem utan. Nýlega gagnrýndi Davíð Oddsson, ritstjóri Morgunblaðsins, Guðlaug Þór Þórðarson utanríkisráðherra, harðlega vegna málsins og sagði hann taka málstað eiturlyfjabaróna. Gífurlega harka hjá Rodrigo Duterte, forseta Filippseyja, í stríðinu Lesa meira Číst dále >>> Přeložit do en

Warren: Trump Has Been 'Racially Hateful to People' Over and Over

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enclosure image Tuesday on Capitol Hill, 2020 presidential hopeful, Sen. Elizabeth Warren (D-MA) accused President Donald Trump of being “racially hateful to people” many times. When asked if Trump is racist, Warren said, “Look at his remarks. He’s made racist remarks and Číst dále >>>

Warren: Trump Has Been 'Racially Hateful to People' Over and Over

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Tuesday on Capitol Hill, 2020 presidential hopeful, Sen. Elizabeth Warren (D-MA) accused President Donald Trump of being “racially hateful to people” many times. When asked if Trump is racist, Warren said, “Look at his remarks. He’s made racist remarks and Číst dále >>> Přeložit do en

Peter Thiel Says Elizabeth Warren Is Most ‘Dangerous’ Candidate

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Peter Thiel Says Elizabeth Warren Is Most ‘Dangerous’ Candidate (Bloomberg) -- Peter Thiel, the technology industry’s most prominent supporter of President Donald Trump, called Elizabeth Warren the most “dangerous” Democratic presidential candidate.In a rare television interview, Thiel said Monday night that Warren, a Massachusetts senator, was the only Democrat talking about important issues like the economy.“All the others are almost equally unimpressive, in that it’s all identity politics in one flavor or another,” he told Fox News’s Tucker Carlson. “I’m most scared by Elizabeth Warren. I think she’s the one who’s actually talking about the economy, which is the only thing, the thing that I think matters by far the most.”Thiel spent most of the interview discussing the subject of a speech he gave Sunday at a conservative conference in Washington: what he called “seemingly treasonous” conduct by Google. The billionaire, who sits on the board of Facebook Inc., said the U.S. should investigate Google’s ties to China. In response, Google denied it works with the Chinese military.In 2016, Thiel established himself as a Silicon Valley pariah when he endorsed Trump for president. The venture capitalist donated $1.25 million to the campaign and spoke in support of Trump at the Republican National Convention. He reiterated his support of Trump in Sunday’s speech by praising the administration’s foreign policy, in particular the trade battle with China.The president reciprocated the adulation in a tweet Tuesday, calling Thiel “a great and brilliant guy.” Trump said his administration will look into Thiel’s claims that Google committed treason by working with the Chinese government.During the speech Sunday, Thiel made reference to Warren, who has advocated for breaking up big technology companies including Google and Facebook. She has said concentration of corporate power punishes small businesses and average Americans. Thiel said Google employees had donated to Warren’s campaign, suggesting “a little bit of a bad conscience.”Monday’s Fox News interview concluded with Thiel’s comments about the presidential race: “Elizabeth Warren is the dangerous one.”(Updates with Trump tweet in the sixth paragraph.)To contact the reporter on this story: Lizette Chapman in San Francisco at lchapman19@bloomberg.netTo contact the editor responsible for this story: Mark Milian at mmilian@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P. Číst dále >>> Přeložit do en

Peter Thiel Says Elizabeth Warren Is Most ‘Dangerous’ Candidate

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Peter Thiel Says Elizabeth Warren Is Most ‘Dangerous’ Candidate (Bloomberg) -- Peter Thiel, the technology industry’s most prominent supporter of President Donald Trump, called Elizabeth Warren the most “dangerous” Democratic presidential candidate.In a rare television interview, Thiel said Monday night that Warren, a Massachusetts senator, was the only Democrat talking about important issues like the economy.“All the others are almost equally unimpressive, in that it’s all identity politics in one flavor or another,” he told Fox News’s Tucker Carlson. “I’m most scared by Elizabeth Warren. I think she’s the one who’s actually talking about the economy, which is the only thing, the thing that I think matters by far the most.”Thiel spent most of the interview discussing the subject of a speech he gave Sunday at a conservative conference in Washington: what he called “seemingly treasonous” conduct by Google. The billionaire, who sits on the board of Facebook Inc., said the U.S. should investigate Google’s ties to China. In response, Google denied it works with the Chinese military.In 2016, Thiel established himself as a Silicon Valley pariah when he endorsed Trump for president. The venture capitalist donated $1.25 million to the campaign and spoke in support of Trump at the Republican National Convention. He reiterated his support of Trump in Sunday’s speech by praising the administration’s foreign policy, in particular the trade battle with China.The president reciprocated the adulation in a tweet Tuesday, calling Thiel “a great and brilliant guy.” Trump said his administration will look into Thiel’s claims that Google committed treason by working with the Chinese government.During the speech Sunday, Thiel made reference to Warren, who has advocated for breaking up big technology companies including Google and Facebook. She has said concentration of corporate power punishes small businesses and average Americans. Thiel said Google employees had donated to Warren’s campaign, suggesting “a little bit of a bad conscience.”Monday’s Fox News interview concluded with Thiel’s comments about the presidential race: “Elizabeth Warren is the dangerous one.”(Updates with Trump tweet in the sixth paragraph.)To contact the reporter on this story: Lizette Chapman in San Francisco at lchapman19@bloomberg.netTo contact the editor responsible for this story: Mark Milian at mmilian@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P. Číst dále >>> Přeložit do en

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