Why stock buybacks should be taxed more (with Cory Booker)

Pitchfork Economics with Nick Hanauer · Feb 21, 2023 · 33m

Stock buybacks are one of the worst excesses of modern capitalism, which naturally means they're one of our favorite subjects to cover on the podcast. And since they’re in the news again, we thought it would be a good time to revisit one of our first episodes, from 2019. How much has changed over the past 4 years? President Biden’s proposal to raise taxes on buybacks to 4% is the most promising update so far, but much of our conversation with Senator Cory Booker remains relevant today.

This episode originally aired on February 26, 2019.

Cory Booker is the U.S. Senator from New Jersey. Since…