• Skip to primary navigation
  • Skip to main content
  • Skip to footer
  • Meet Tim
    • Meet the Team
  • Platform
  • Organize & Volunteer
    • Students for Shepard
  • Press
Timothy Shepard for United States Senate

Timothy Shepard for United States Senate

Restore Democracy. Reform Capitalism. Invest In Our Future

  • Donate
You are here: Home / Uncategorized / Transform Our Economy

Transform Our Economy

July 25, 2020 by timothyshepard

Globally, corporate savings are about 2/3 of all savings

America has been heads down and focused in one direction for 40 years. Reaganism has its place as a short term medicine, but the manic adoption and diligence of how we’ve applied it has led to unsustainable imbalances in our economic system not seen in the United States since before the Great Depression. We need to transform our economy back into a healthy expression of capitalism. We’ve transformed from a healthy capitalist system to a system that heavily subsidizes corporate shareholders, otherwise known primarily as the 1%.

But, we aren’t stuck with this kind of financial folly in our social contract. This century is America’s for the taking, including the bottom 90% of the population. With our nation’s energy independence, food independence, a diverse and vibrantly, and growing population. We aren’t without some of the most significant challenges we’ve ever faced, not just as Americans, but as humans. These challenges are going to require us to transform our economy.

Transform Our Economy

The good thing about transforming our economy is that it creates vast new opportunities for wealth creation and innovation. So, rather than adopting a protectionist rear looking plan preferred by Republicans in government. It’s my firm belief that we should practice a core tenant of capitalism and embrace the change! One has to ask what exactly it is they’re trying to protect with all their worker facing rhetoric. Have they been able to save working-class American jobs? Or is the real result that they hand trillions of dollars to industry incumbents and billionaires who have no desire to use their profits to push this transformation themselves. We have a word for that kind of behavior in America, monopoly! We break those up. Doing so creates new jobs, distributes power, and ensures that innovation is able to take root rather than being stifled by incumbants.

When we have policy like the Green New Deal on the table, there’s no reason for us to lean into protecting elites with taxpayer subsidy. Instead we can lead the world in innovation and job creation once again.

We should bring an end to this new Gilded Age we’ve entered and re-ignite growth for the working classes. We can transform our economy to be more dynamic equitable for all Americans.

Data source: Peter Chen, Loukas Karabarbounis, and Brent Neiman, “The Global Rise of Corporate Saving.” NBER Working Paper 23133 (2017)

With economic transformation we can bring household savings in line with corporate savings with policies and new legislation aimed at bring equality to all American’s in our tax code, stimulus, and other social programs.

Share our Grassroots Movement:

  • Twitter
  • Facebook
  • LinkedIn
  • Reddit
  • Email

Related

Filed Under: Uncategorized

Footer

Tim Shepard for United States Senate

Stay in Touch

  • Facebook
  • Instagram
  • Twitter

Paid for by Timothy Shepard Democrats, Mary Ruth Gaull, Treasurer

Copyright © 2021 · Log in

Use of military rank, job titles, and photographs in uniform as well as appearance of logos and other photograph's of candidate and committee members from past experiences do not represent endorsement of the candidate or this campaign.

Tim Shepard for United States Senate

BECOME A FOUNDING GRASSROOTS DONOR

“My campaign is fueled by you. I’m not taking any corporate, dark, or PAC money because I believe we Democrats need to be the change we want to see. I need your help so that we can SHOW the establishment that it’s possible.”

Tim Shepard

If you’ve saved your payment information with ActBlue Express, your donation will go through immediately:

EXPRESS $5
EXPRESS $10
EXPRESS $25
EXPRESS $100
DONATE ANOTHER AMOUNT
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.