On this episode of Talkin’ (Policy) Shop, Oren and Chris head to Wall Street to discuss our fourth Issues 2024 brief, exploring why 57% of GOP voters say that "Wall Street investors are getting rich doing things that weaken our economy"—and what policymakers can do to get things back on track.
Financial markets have ceased to play their vital role channeling capital to productive uses. Instead, they more often take capital back out of businesses. While nearly all public companies used to be “sustainers” that both invested in their future and returned capital to shareholders, now nearly half are “eroders,” disgorging so much cash that they fail to maintain their own capital base.
Some potential solutions: 1. Ban stock buybacks; 2. Impose a financial transaction tax; 3. Reform the bankruptcy process; and 4. Hold pension investors accountable.
Read the full issue brief here: Issues 2024: Wall Street
Policy in Brief: Banning the BA Box
Policy in Brief: Pro-Worker Bankruptcy Reform
Policy in Brief: A Monthly Family Benefit
Policy in Brief: Financing Higher Education
Policy in Brief: Worker-Run Benefits
Policy in Brief: Balancing U.S. Trade
Policy in Brief: Online Age Verification
Policy in Brief: The Workforce Training Grant
Critics Corner with Michael Strain
Critics Corner with Vinnie Vernuccio
Critics Corner with Jon Hartley
Critics Corner with Grover Norquist
Critics Corner with Prof. Donald Boudreaux
Lost in the Super Market: All-Knowing Algorithms
Lost in the Super Market: Attention Economy
Lost in the Super Market: Frictionless Exchange
Grand Old Party and the Working Class with Leader McCarthy
Fulfillment: A Conversation on Amazon and Regional Inequality with Alec MacGillis
Critics Corner with Stephanie Slade
Family Financial Security: Sen. Romney on the Right’s Fight to Support Our Most Important Institution
Create your
podcast in
minutes
It is Free
City Manager Unfiltered
Potencial Americano
The ASIC Podcast
The Chris Plante Show
Red Eye Radio