We need to change the tax code to stop punishing revenue generating businesses.
For 75 years now, corporate profit over their total value has been decreasing. That means corporations are really good at accumulating money, but increasingly worse at deploying that money. At making money with money. This is really serious.
Pharmaceutical companies don’t know how to make drugs, they only know to acquire companies that do. Google even, is no longer a technology company. Google became Alphabet. It’s a holding company…. They might as well be Goldman Sachs…. They don’t know how to create value.
They are using a bankrupt method. They are using a 13th Century corporate operating system to run digitally-enabled businesses…. That model is obsolete…. It was based on going to South American and enslaving people and taking their precious metals. It doesn’t work for a digital economy.
New York’s 16th Congressional District
Democracy is based on citizens caring about and taking responsibility for both themselves as for the well-being of all.
Government is the instrument that citizens use to guarantee protection and empowerment for all. We all, together, provide what is needed for a decent life. Individual accomplishment rests on what other Americans have provided and keep providing.
Building the economy requires public investment — in public infrastructure, education, research, and much more.
Success is much more than money. It is your contribution to America as a whole — whether it is teaching, raising children, providing food, healing the sick, making useful products, guaranteeing our rights and our safety, or running businesses that make life better. America needs us all. And we all depend on each other.
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