Will Our Elected Officials Please Do Their Jobs?

The time leading up to an election always brings opportunities for political grandstanding.  Taking advantage of the current anti-success environment in the United States, large tech company CEOs testified to Congress last week.  Not wanting to miss the opportunity to show how much they care for the “little guy,” congressmen from both political parties attacked these business leaders.  Never one to miss an opportunity even President Trump weighed in, tweeting, “If Congress doesn’t bring fairness to Big Tech, which they should have done years ago, I will do it myself with Executive Orders.”  https://www.wsj.com/articles/tech-ceos-defend-operations-ahead-of-congressional-hearing-11596027626?mod=hp_lead_pos7

Congress seems to have forgotten it is their job to write the laws that govern corporations.  If they fear the monopolistic power of technology companies, change the rules!  El Presidente seems to have forgotten (or never knew) the job of the executive branch is to enforce the laws.  If the technology companies and/or their executives have broken laws, charge them with crimes.  Do not condemn them for building great businesses that comply with the current statutes.  That is un-American.  That both political parties find it advantageous to criticize success scares me. 

My personal views: Tech companies have complied with our current laws but the nature of their businesses, primarily the network effects online businesses have that are not as strong in the physical world, create opportunities that our current laws do not account for.  The laws need to change.

The tech titans have much more self-control than I do.  One of my goals in life is to make enough money that I am forced to testify in front of congress.  When one of them tries to insult me, my response will be, “With all due respect, congressman, companies I am invested in, employees I pay, and my family paid $X in taxes last year.  I believe you work for me and the other taxpayers and citizens of this country.  Please treat me respectfully.  Thank you.”  My lawyer friends have told me that response would likely get me charged with contempt of congress and a jail term.  It might be worth it. 

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