Largest Minnesota Companies March 2019 Quarter Pretax Income Up 11% But Then Increase By Only 0.4% in the Most Recent Three Quarters 2019 Combined. Assuming Bernie Sanders Can Eliminate Health Insurance Cos, Then Minnesota Largest Companies Without UnitedHealth Group Total Pretax Income Drops From Up 11% in the March 2019 Quarter to Up 7% and Drops From Up 0.4% in the Three Most Recent Quarters 2019 Combined to Down 4.0%. UnitedHealth Group's Profits Tower Over all the Other Minnesota Companies and If Its High-Growth Profits Are Gone, Total Minnesota Companies Profits Drop Precipitously.

There were 13 Minnesota Companies with stock market caps above $10 bil in Late December 2019.  One of these 13 has not released its December 2019 quarter earnings yet.    That leaves 12.

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the remaining 12 largest Minnesota Companies in each of the four quarters of both 2019 and 2018.

		US	US			US	US			US	US			US	US
		GAAP	GAAP			GAAP	GAAP			GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Income	Income			Income	Income			Income	Income			Income	Income
		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
		Dec	Dec			Sept	Sept			June	June			March	March
Minnesota Largest Companies	Minnesota	Quarter	Quarter			Quarter	Quarter			Quarter	Quarter			Quarter	Quarter
Market Caps Above $10 Bil	City HQs	2019	2018			2019	2018			2019	2018			2019	2018
		mils $	mils $			mils $	mils $			mils $	mils $			mils $	mils $
UnitedHealth Group	Minneapolis	4,658	4,123			4,565	4,237			4,326	3,860			4,432	3,724
All Cos But UnitedHealth Group
US Bancorp	Minneapolis	1,847	2,153			2,384	2,282			2,277	2,199			2,086	2,044
3M	Saint Paul	1,212	1,720			1,966	1,965			1,446	2,350			1,088	965
Medtronic plc	Minneapolis	1,294	1,355			977	1,180			1,292	1,725			1,370	1,027
Target	Minneapolis	901	713			1,217	1,022			1,021	927			1,014	1,012
Travelers Companies	Saint Paul	1,074	746			432	806			665	631			967	778
Ameriprise Financial	Minneapolis	534	652			641	588			587	548			470	696
General Mills	Minneapolis	722	435			574	489			616	424			542	503
XCEL Energy	Minneapolis	299	209			599	564			262	319			340	350
Best Buy	Richfield	389	330			307	329			330	257			972	873
Hormel Foods	Austin	324	322			261	258			318	297			307	305
Fastenal	Winona	236	230			278	259			271	266			258	232
CH Robinson Worldwide	Eden Prairie	126	246			188	239			221	214			207	181
Total all 12 Cos But UnitedHealth Group		8,958	9,111			9,824	9,981			9,306	10,157			9,621	8,966
….. % Change From Prior Year Quarter		-2%				-2%				-8%				7%
Total all 13 Minnesota Companies		13,616	13,234			14,389	14,218			13,632	14,017			14,053	12,690
….. % Change From Prior Year Quarter		3%				1%				-3%				11%
With UnitedHealth Group
Total Pretax Income Last 3Qs 2019		41,637
Total Pretax Income Last 3Qs 2018		41,469
….. % Change From Prior Year		0.4%
Without UnitedHealth Group
… Total Pretax Income Last 3Qs 2019		28,088
… Total Pretax Income Last 3Qs 2018		29,249
.….. % Change From Prior Year		-4.0%

Such modest earnings in the most recent three quarters signal unhealthy future pay raises for the many already underpaid Minnesota non-executive employees.

Minnesota Company non-executive workers really have had the deck stacked against them for decades versus what is going on with the sky-high annual percentage pay and employee benefit raises of their Companies' Top-Tier Executives.

So which 2020 Democratic Presidential candidate could best help close this massive annual percentage pay raise gap between Minnesota Company Top-Tier executives and their already massively underpaid, hardworking Minnesota non-executive employees?

More than anything needed to solve this thorny problem is to possess exceptionally strong financial and data science skills, coupled with a keen understanding of how businesses operate.  And you also must have a high degree of  economic fairness. 

Joe Biden, Bernie Sanders, Elizabeth Warren and Amy Klobuchar all have little if any financial acumen, no data science understanding and little if any understanding of how businesses operate.

Further, all four of them worked for the US Government, particularly in the past ten years, when these comparative pay raise results of Top-Tier Executives and non-executive employees were so horrendous, not just in Minnesota but also in every other US State.  

On the positive side, all four of them have a high degree of economic fairness.

Michael Bloomberg has both the financial acumen and the understanding of how businesses operate.  

But he has no data science expertise. 

Also and most important of all, Bloomberg has a low degree of economic fairness.  In the many years he was accumulating his wealth of $60+ bil, US income inequality expanded dramatically in each year by leaps and bounds.  So, like many US business tycoons with their sole fixation on maximization of Company profits, Bloomberg accumulated his massive wealth on the backs of the declining US middle class and the growing number of people dropped to the lower economic class.  And by his punitively racial "Stop and Frisk" policy, many New York City people of color were physically thrown against the wall.

And while he was accumulating his massive amount of wealth, Bloomberg was against unions.

I think there is only one Democratic Presidential candidate who has the requisite financial acumen, data science skills, understanding of how business operate and economic fairness to help turn the tide around on this massive, continuing US income inequality expansion caused mainly by the massive gap in annual percentage pay raises between executive and non-executive employees  ..... Pete Buttigieg.