Posted by on Feb 9, 2019 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Alex Nabaum


By Jason Zweig |  Feb. 8, 2019 11:40 a.m. ET


Eighty-three years ago, President Franklin D. Roosevelt had a new plan for tackling income inequality.

FDR argued companies were intensifying the gap between rich and poor not by showering investors with too much wealth—but rather by paying them too little.

“The evil has been a growing one,” FDR said in a speech on March 3, 1936. “It has now reached disturbing proportions from the standpoint of the inequality it represents and on its serious effect on the federal revenue.”.

To read the rest of the column:

For further reading:


Benjamin Graham, The Intelligent Investor

Jason Zweig, The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money

George E. Lent, The Impact of the Undistributed Profits Tax, 1936-1937

Articles and other resources:

Franklin Delano Roosevelt, speech to the U.S. Congress, March 3, 1936

Michael J. Mauboussin and Dan Callahan, “Disbursing Cash to Shareholders: Frequently Asked Questions About Buybacks and Dividends” (Credit Suisse, 2014)

At Long Last, Could the Dividend Revolution Be Here?

Will Stock Buybacks Bite Back?