Here, on how "we must increase stock prices!" - or worse yet, "we must increase company X's stock prices!" - makes for a thoroughly regressive public policy goal.
For further reading...
- The examples referenced in the column include Carol Goar's column threatening a revolt over telecom share prices, and Andrew Leach's piece about oil sands production costs (which at least acknowledges royalties as another concern beyond the hope that some profits might find their way into pension funds).
- The wealth distribution data mentioned in the column is found in Armine Yalnizyan's The Rise of the Richest 1% and sources cited therein, as well as Marc Lee's Wealth and income in the top 1%.
- And finally, both Dave Coles and Thomas Walkom make the case for expanded public providers to improve both competition and public returns in the telecom sector.