Hillary on Quarterly Capitalism: Big Challenge, Timid Reform
MORNING MESSAGE
Robert Borosage
Hillary on Quarterly Capitalism: Big Challenge, Timid Reform
Last week, Hillary Clinton opened an important “conversation” about what she calls “quarterly capitalism” or excessive “short-termism.” ... In stark contrast with Republicans presidential candidates who want to cut or eliminate capital gains taxes, Clinton calls for reforms that will reward longer-term horizons ... But in what is becoming a signature of the Clinton campaign, the fundamental problem is addressed with underwhelming reforms ... Clinton does not call for a financial speculation tax ... endorse taxing the income of investors at the same rate as the salaries of workers [or] breaking up too-big-to-fail financial institutions.
http://ourfuture.org/20150727/hillary-on-quarterly-capitalism-big-challenge-timid-reform?utm_source=progressive_breakfast&utm_medium=email&utm_campaign=pbreak
