Google billionaire Eric Schmidt on AOC’s claim billionaires are a policy failure: She doesn’t see the situation clearly

Recently, there has been much debate about whether billionaires should exist, an idea popularized by Congresswoman Alexandria Ocasio-Cortez. But to former Alphabet executive chairman and investor Eric Schmidt, who is worth more than $17 billion, the idea that extreme wealth is a moral failure is reductive.

“We would probably all be better off spending more time understanding the contributions made by specific individuals and not making generalizations about anyone,” Schmidt told Eben Shapiro, the deputy editor of Time, in an interview about his philanthropic initiative, Schmidt Futures, and other topics, published Sunday.