That kind of mindset is enabled by our low-tax no-regulation style of government. When our highest nominal tax rate was above 70% businesses responded not by pulling out but by playing the long game, reinvesting their profits instead of focusing on quarterly returns. Income disparity was much narrower while research and development were given a higher priority. But so long as we enable large returns in the short term, that kind of business thinking isn't going to come back.
We know how to fix this. We just lack the political will to make it happen.
That kind of mindset is enabled by our low-tax no-regulation style of government. When our highest nominal tax rate was above 70% businesses responded not by pulling out but by playing the long game, reinvesting their profits instead of focusing on quarterly returns. Income disparity was much narrower while research and development were given a higher priority. But so long as we enable large returns in the short term, that kind of business thinking isn't going to come back.
We know how to fix this. We just lack the political will to make it happen.