Rep. Alexandria Ocasio-Cortez, D-N.Y., mentioned Wednesday that billionaires are trying for a “safe space” from criticism after JPMorgan Chase CEO Jamie Dimon mentioned Sen. Elizabeth Warren’s rhetoric “vilifies successful people.”
“Y’all, the billionaires are asking for a safe space – you know, in addition to the entire US economy and political lobbying industry,” Ocasio-Cortez tweeted in response to Dimon saying that Warren used “pretty harsh words” towards him and different billionaires.
“I don’t like vilifying anybody,” he informed CNBC. “I think we should applaud successful people.”
JAMIE DIMON ACCUSES ELIZABETH WARREN OF VILIFYING ‘SUCCESSFUL PEOPLE’
It wasn’t the primary time that feedback by Dimon appeared to annoy Ocasio-Cortez.
In March, the Democrat lashed out on the banking govt after he criticized the Green New Deal, saying the climate-change laws that Ocasio-Cortez co-authored “could hurt the economy,” in keeping with The Hill.
Ocasio-Cortez countered that maybe Dimon wasn’t the “best authority” to touch upon the topic.
“JP Morgan agreed to pay out *$13 billion* over its huge position in mortgage schemes w the ‘08 recession,” Ocasio-Cortez wrote. “They also finance major fossil fuel pipelines. It’s massive cash.”
“So maybe they *aren’t* the best authority on prioritizing economic wellbeing of everyday people & the planet,” she added.
Then in April, at a House Financial Services Committee listening to, Ocasio-Cortez clashed with Dimon over the monetary disaster of 2008.
“I represent kids that go to jail for jumping a [subway] turnstile because they can’t afford a MetroCard,” Ocasio-Cortez informed Dimon through the listening to. “Do you think that more folks should have gone to jail for their role in a financial crisis that led to 7.8 million foreclosures in the 10 years between 2007 and 2016?”
On Tuesday, Warren tweeted that Dimon and different billionaires achieved success partly due to “opportunities, workforce, and public services that we all paid for.”
She has mentioned that she would place larger taxes on the highest 1 p.c of earners to assist pay for her estimated $52 trillion Medicare-for-All plan.
“It’s only fair that [Dimon] and his billionaire friends chip in to make sure everyone else has a chance to succeed,” she tweeted.
Dimon has supported larger taxes for the rich up to now, however he informed CNBC that Warren’s Accountable Capitalism Act would change the “complete nature of how you run a corporation.”
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The proposal would make it simpler to criminally cost company executives for alleged abuses by their firms.