AOC Thinks Billionaires Are a Threat to Democracy. So Did Our Founders.

The idea that democracy and billionaires are incompatible might seem radical to conservatives. But to America’s founders, it seemed like common sense. In 1835, Alexis de Tocqueville produced one of the earliest accounts of the American dream. In his famous study of the Jacksonian U.S., the Frenchman wrote that Americans possessed “the charm of anticipated success” — a ubiquitous optimism that he attributed to our country’s democratic character, and to the “general equality of condition” that prevailed among its “people.”
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