TECH AND GIG ECONOMY
We still don’t know what the full impact of new technology will be on our economy. While we have strategies to help address automation and some versions of artificial intelligence, we also must look at the companies who profit off these systems and don’t pay their fair share in taxes. Similarly, our banks have continued to use algorithms that allow them to make billions on making automated trades millions of times a day. This is not only unfair to anyone else who wants to invest in the U.S. economy, but destabilizes our stock market by increasing volatility and the perception of how strong our economy is. We can make sure that these large corporations are paying as much as you and I are, and that you and I aren’t giving a government handout to any large corporation.
MY PRIORITIES:
Small levy on companies with a significant U.S. presence and large global and U.S. revenues and sales
Levy on bulk trades so that companies are incentivized to safeguard the U.S. economy while not sacrificing free market profits
Make sure that companies are not evading taxes by taking advantage of unfair loopholes
Make sure foreign companies are not profiting off our system while not paying their fair share to benefit our local communities
Support efforts to help companies like Uber and Lyft thrive on innovative technologies while also treating workers fairly