Already, the 10 most valuable public companies are in tech, which means the country’s economy depends on the stability of a single industry, one with an undeniable history of bubbles, crashes and, in extreme cases like Theranos, outright fraud.
The 10 most valuable public companies are already in tech, making the national economy dependent on the stability of a single industry with a history of bubbles, crashes, and outright fraud like Theranos.
To pay for essential services and keep billionaires in check, the first step is passing wealth taxes on billionaires, starting in California and New York, though that is clearly not enough.
The tools of billionaire domination include tax loopholes, corporate mergers, and initial public offerings in the tech sector, where artificial intelligence companies Anthropic and OpenAI are intending to go public in the near future.
Let us send a message to the billionaires that Americans will not lie down and let them bulldoze working people and the environment on their way to the bank.
While billionaires have sufficient resources to walk away from wreckage relatively unscathed, the exception leaves ordinary people vulnerable.
Via corporate consolidation and political corruption, the billionaire class is getting richer faster than ever before: a 40% increase in wealth in just the last two years.
We cannot let the billionaire class take unprecedented risks with our future America is a divided country in crisis.
Today, let’s send a message to the billionaires that Americans will not lie down and let them bulldoze working people and the environment on their way to the bank.
And when the speculative investment bubble pops – such as with the 2008 crisis – regular people end up holding the bag.