Old Google Founder Says Ocasio-Cortez Doesn’t Understand How Useful The Rich Are

(ConservativePeak.com)- Eric Schmidt, a former executive of Alphabet, the Google parent company, hit back at far-left socialist Congresswoman Alexandria Ocasio-Cortez this week, exposing her lack of understanding of basic economic principles.

Schmidt, who is now worth over $17 billion, said during an interview about his philanthropic work, that Ocasio-Cortez didn’t understand how much good the rich can do.

“We would probably all be better off spending more time understanding the contributions made by specific individuals and not making generalizations about anyone,” he said to Time deputy editor Eben Shapiro.

Schmidt was asked to respond to the phrase “Every billionaire is a policy failure” which was popularized by Alexandria Ocasio-Cortez and other far-left activists like her, but which appears to have been coined by political advisor Dan Riffle.

In January 2019, Ocasio-Cortez claimed that any economic system that allows billionaires to exist is inherently immoral. Though she said that she doesn’t believe that all billionaires are necessarily immoral, she said it was wrong that they exist at all when extreme poverty also exists.

In the interview with Shapiro, Schmidt discussed the “Schmidt Futures” project in 2017 with his wife, Wendy Schmidt. The organization “finds exceptional people and helps them do more for others together while promoting innovative approaches to problem solving across disciplines.”

In November, Schmidt Futures also launched a new initiative called “Rise,” which will help teenagers.

Schmidt has even said that he thinks work needs to be done to expand possibility and opportunity to everyone, saying during the interview that “talent is distributed universally, but opportunity is not.”

Doesn’t exactly sound immoral, does it?

Hitting back at far-left talking points about billionaires, Schmidt said his goal isn’t to only make personal gain.

“What have I done in my career? I basically networked the world and got information in everyone’s hands,” he said. “I defy you to argue against making the average person smarter. That’s presumably a nonelitist strategy, right?”

Rep. Alexandria Ocasio-Cortez was re-elected for a second term representing the 14th congressional District of New York in November. She continues to support massive tax increases on businesses and executives who have shaped the world for the better, and who employ millions of Americans.