She’s correct, as always.
Ok then tell me why then would Bill Gates or Jeff Bezos be incentivized to grow their companies if their Net Worth was capped by the government at 1 Billion dollars.
Actually, you make a good point. We shouldnt grant them incentives to keep expanding their companies. They practically are already monopolies on their respective industries, why give them a reason to expand? It would be economically wiser to intact AOC's plan, as that would mean companies have no reason to expand beyond a certain point, allowing other businesses to crop up and take up shelf space, instead of Amazon just buying everything else in the sector and having complete control over a sector of the econo
Lol do you know what the size of Amazon and Microsoft were when Bezos and Gates became Billionaires . Bill Gates became a billionaire in 1987 when Windows 2.0 came out and Bezos had become a billionaire in the late 90s . Amazon wasn’t even that big of influential in the late 90s.
So in your mind the world would be better if Microsoft couldn’t grow and innovative from where it was in 1987 or Amazon from the late 1990s lol
There is a big difference between the innovation presented to us by these companies since 2000 and innovation presented by companies in the model I gave.
The innovation presented by Amazon and Microsoft is one both pointless and out of necessity. They have to make some kind of change, otherwise other companies may crop up and take up space. But the changes they make are minor, insignificant, etc.
Apple is a good example of this. They are known as a company of innovation, and Jobs pushed for this aspect of the company to take center stage. The Ipod and Iphone were large leaps in the tech industry and daily life. Now, what has Apple done since then? They have been making minor tweaks to the phone, and thats really all.
Same with Windows, their operating systems, such as Window 10, have many known problems, but they have never truly innovated it besides a new coat of paint being applied.
Amazon has practically produced no innovations since its founding besides the idea of "free shipping".
Money is a strong motivator to change, but a larger motivator is competition. The Soviets and US made astronomical(no pun intended) leaps in progress when it came to rockets and space when faced with a competitor, and innovation works in a similar process. With how big Amazon/Microsoft/Google/etc. have become, who is there to challenge them? Why should they bother to change?
Its pretty simple, really. AOC is completely right on this, the existence of uber-rich billionaires that have created practical monopolies with their gigantic companies have created problems for the US.
