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A conservative think tank is throwing its support behind proposals long associated with progressives like Elizabeth Warren and Bernie Sanders: taxing stock trades and breaking up Wall Street investment banks.
Washington-based American Compass argues such measures are necessary to undo the economic damage caused by decades of excessive speculation and not enough sustainable investment. The plan was released Thursday by founder Oren Cass, a former Bain & Co. management consultant who worked on Republican Senator Mitt Romney’s presidential campaigns.
“Investment means actually building something for the future that enhances our prosperity, but most of what we call investment isn’t that at all,” he said in an interview. Cass, 37, said he wants to lay “the groundwork for what a kind of post-Trump conservatism should look like.”
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Power Failure
Oren Cass reviews Sohrab Ahmari’s new book, Tyranny, Inc., in First Things.
The Left of the Right
Matthew Continetti on the New Right and American Compass’s role in the realignment
The Nerd Trying to Turn the GOP Populist
New York Magazine on Oren Cass’s quest to make Republicans heed the interests of their working-class base.