Projected Budget trends
Case 3
Technology companies account for the five most valuable companies in America.
– Two thirds of Americans support breaking up tech firms if it increases competition
– “As big tech moves in, Culver City Considers Raising Taxes” (LA Times. Feb 13, 2020)
– “The pandemic has created the greatest economic crisis since the Great Depression and need revenue to support their economies. They are looking at tech firms for that extra revenue” (CNBC, May 25, 2020)
– “The proposed tax changes will cause technology companies to evaluate their overall supply chains, including where products are produced and by whom” (Ernst & Young Global Limited, Dec 2, 2019)
QUESTIONS
– Do projected budget trends make us less competitive and why?
– Should government restrict access to advanced technologies such those offered from Clearview AL & doing so?
– What are the risks of raising taxes and/or “breaking up” the most profitable tech firms?
