For decades, regulators have had only limited success in taming a for-profit college industry that routinely defrauds students, inflates prices, and produces devastatingly bad outcomes for student loan borrowers. But recently, instead of promoting complex regulatory schemes, some policymakers have offered a simple solution: take away for-profit colleges’ federal subsidies. Today, Rep. Pramila Jayapal (D-WA)

Corporate profits and executive pay are sky high today, while wages for most American workers have remained low and stagnant over the past several decades. Today’s high-profit, low-wage economy is, in part, a result of rules and policies that shape corporate decision-making. These rules have allowed CEOs, shareholders, and executives to move more and more

This week, Roosevelt Communications Manager Ariela Weinberger is reading an Axios article on how automation will negatively impact the racial wealth gap—especially for Black workers—and a New York Times op-ed from economists Emmanuel Saez and Gabriel Zucman on the future of tax justice and how absurd it is that “the working class is now paying

Late last month, the Business Roundtable (BRT)—a collection of 181 of the country’s largest corporations—announced that it was breaking from over 20 years of precedent. Instead of prioritizing shareholder value over everything else, the BRT declared that it would elevate the interests of all other stakeholders—including customers, communities, and suppliers—alongside it. Most notably, the very

Imagine a world in which the most pressing issue is to slash taxes for the rich and only the rich, costing the US government hundreds of billions of dollars and doing little to spur economic growth. Imagine a policy so unequal that even Mitt Romney has his doubts. Reader, I give you the capital gains

On Thursday, the Internal Revenue Service (IRS) released new estimates of the US “tax gap,” which measures the difference between the taxes people, corporations, and other entities legally owe and what is actually collected. The tax gap totals nearly $8 trillion over the past decade, according to the chief mathematician (#MathIsReal) for the Senate Budget

In a new working paper, Roosevelt Senior Economist and Fellow Lenore Palladino argues that the 21st century American economy requires a new, more accurate, and more effective model for corporate governance—one that can advance worker power and employee representation within American corporations and curb inequality. As it stands, outsized shareholder power is contributing to rising economic

Progressing Ahead in 2019

Summers are never slow at Roosevelt, and now we’re gearing up for an even busier fall. At the top of our to-do list is explaining how and why the public sector must make big investments to tackle our nation’s toughest challenges; promoting our ideas to influence the Democratic presidential debate; and welcoming two new fellows

The rules of trade and of the global economy are failing too many. Due to false assumptions about the role of markets and the role of government in our economy, policymakers have narrowed their idea of international trade over the last 40 years, harming workers and hindering economic potential. By expanding our understanding of markets

America’s $1.6 trillion student debt crisis is crushing millions of us, but it is disproportionately harming Black people—and fueling the racial wealth gap.  In a new Roosevelt report, co-released with Demos and The Century Foundation, Roosevelt Program Manager Suzanne Kahn and her coauthors underscore that our debt-financed higher education system reinforces the structural racism that plagues