Final week, Elizabeth Warren made it clear she desires to reign within the banks and Wall Avenue, and break up Huge Tech.
What dumb concepts.
Maybe the lawyer-turned-overpaid-professor-turned-senator doesn’t perceive that America leads the world in banking, finance and know-how, too.
And that these fields present well-paying jobs from firms that provide nice advantages.
As an example, on Wall Avenue, JPMorgan employs over 256,000 folks. Citibank employs 204,000 and Financial institution of America, 205,000. Every of those three behemoths has excessive minimal wages and nice well being care and quite a few different advantages, like academic help.
Why change a formulation that’s working nicely? Banks are lending to customers and companies, and are strong once more.
Microsoft, Amazon, Google and Apple are rising by leaps and bounds and main the world in cutting-edge applied sciences. And Amazon alone has 647,000 workers.
Positive, there might should be some privateness guidelines, which many know-how firms say they embrace, however the purpose needn’t be to interrupt them up — that ought to solely be the final resort.
Who would wish to weaken America’s robust world management in know-how? It could undoubtedly result in mass layoffs and positively destroy future funding and wreck the financial system.
Being president is about a lot of issues, however the financial system and employment needs to be Job No. 1.
The higher our financial system, the higher our high quality of life — and the extra we are able to afford to do for the much less lucky.
A president ought to assist America’s strongest firms and nurture an atmosphere that fosters new enterprise progress and employment and wage features