Democratic Socialist Rep. Alexandria Ocasio-Cortez (D-NY) is set to join the House Financial Services Committee, which is chaired by none other than Rep. Maxine Walters (D-CA). Democratic sources told The Hill she was recommended for a place on the committee, although the full roster is not yet available. Back in December she told the Democratic Steering and Policy Committee she would be interested in the House Financial Services Committee.
This is what the Committee does, as described on their website:
The Committee oversees all components of the nation’s housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities. The Committee continually reviews the laws and programs relating to the U.S. Department of Housing and Urban Development, the Federal Reserve Bank, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, and international development and finance agencies such as the World Bank and the International Monetary Fund. The Committee also ensures enforcement of housing and consumer protection laws such as the U.S. Housing Act, the Truth In Lending Act, the Housing and Community Development Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, and financial privacy laws.
Here's what's scary about this: Ocasio-Cortez has made it well known that she believes the rich should hand over 70 percent of their paychecks to the government. She's doing everything in her power to move her party to the left and what better way to do that than to advocate for raising taxes and redistributing the wealth?
She reiterated the point again on Tuesday when she got into a debate with former Wisconsin Gov. Scott Walker.
Oh? What’s that?— Alexandria Ocasio-Cortez (@AOC) January 15, 2019
The majority of Americans respect when you break down reasonable policy proposals that are designed to combat runaway income inequality and help fund priorities they value most?
We can win public sentiment, stand our ground, & not be scared by GOP information. https://t.co/40KHKwt077
Misinformation**— Alexandria Ocasio-Cortez (@AOC) January 15, 2019
Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you.” The students said: “That’s not fair!” Even 5th graders get it.— Scott Walker (@ScottWalker) January 15, 2019
Explaining marginal taxes to a far-right former Governor:— Alexandria Ocasio-Cortez (@AOC) January 15, 2019
Imagine if you did chores for abuela & she gave you $10. When you got home, you got to keep it, because it’s only $10.
Then we taxed the billionaire in town because he’s making tons of money underpaying the townspeople. https://t.co/Wcnn2sEgek
Exchanges like the one with Walker prove that Ocasio-Cortez knows absolutely nothing about finances and what's best for the American economy. She's really great at focusing on one or two small details but she fails to see the bigger picture, the bigger result. If the United States had a massively high tax rate like what she proposed, we would see a higher unemployment rate. You know why? Because businesses wouldn't be able to afford more workers. They'd be spending practically all of their profits on taxes. At that point, what's the point in being in business?