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Progressive Policies May Hurt the Stock Market. That's Not a Bad Thing.

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There will be middle-class people that see some hit to their retirement funds, but this just goes back to that old saying: If you think you have an effective policy that doesn't hurt anyone, then you don't understand the policy. We need to make fundamental changes in many areas, and this will almost certainly mean a decline in the stock market. We need to acknowledge this fact and recognize that reining in bad practices in the corporate sector is good for the economy of the country and the world, even if it is bad for investors.

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Dr. Dean Baker is a macroeconomist and Co-Director of the Center for Economic and Policy Research in Washington, D.C. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. (more...)
 
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1 people are discussing this page, with 1 comments  Post Comment


John Jonik

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Physicians for a National Health Program (PNHP), a while back, exposed for-profit health insurers' multi Billion dollar investment in just two health damaging industries....cigarettes and junk food.

But those insurers don't stop there (nor are they stopped)...they also invest in military weaponry, oil. fracking, pesticides, pharms that make tobacco pesticides and dangerous cig adulterants, GMOs, and so on. Non-profits cannot invest....but where do the CEOs invest their take?


It's a mystery that Medicare For All activists fail to push this potentially effective viral point. Side point being that the ACA, with for-profit insurers along for the ride, supports Wall Street.

Submitted on Tuesday, Aug 13, 2019 at 9:40:25 PM

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