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There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.

Robert Reich

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Robert Reich
Age: 78
Born: 1946
Born: June 24
Economist
Former United States Secretary Of Labor
Political Scientist
Politician
University Teacher
Scranton
Pennsylvania
Robert Bernard Reich
Workers
Philosophy
Collar
White
Collars
Business
Recession
Next
Recessions
Political
Cycle
Always
Cycles
Like
Economics

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The key to understanding the rise in inequality isn't technology or globalization. It's the power of the moneyed interests to shape the underlying rules of the market.
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The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.
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Those who analogize the federal budget to a family's budget must know nothing about either.
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Terrorism itself is not the greatest danger we face.
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We're now moving toward a radically different economy. You absolutely can't have a distribution oligopoly. The new oligopolies - and I think there will be new oligopolies - will be oligopolies of trustworthiness. Microsoft, Amazon, Schwab, and other brands will dominate psychic space, not shelf space.
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We need to expand Social Security to prevent the looming retirement crisis, and we can do it simply by asking billionaires to pay their fair share.
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Most Americans are on a downward escalator. Median wage in the United States, adjusted for inflation, keeps on dropping.
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I wish it were simply a nightmare, but I think that any reasonable person watching American politics would come to the conclusion that a second Bush administration would in fact incorporate a more radicalized version of what we've seen in the first administration.
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The silent majority really is a liberal majority, even though the word liberal has taken a real beating over the last 20 years by radical conservatives.
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Yale Law School was the kind of place you went if you felt you needed to go to law school, maybe, for your resume, but you really didn't want to practice law. You wanted to do public policy, or maybe go into politics.
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I think that it's difficult to talk about large questions of economics or social policy without understanding the building blocks of society. And those building blocks are organizations, the people who run them, and the people who work in them.
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Liberals are concerned about the concentration of wealth because it almost inevitably leads to a concentration of power that undermines democracy.
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When the President decides to go to war, he no longer needs a declaration of war from congress.
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Most Americans stopped looking at what was happening through a variety of coping mechanisms - starting with women entering paid work and then everyone working longer hours and using their homes for raising equity and generating more money through debt. The typical household basically staved off the day of reckoning.
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Cutting taxes is not bad. But if you cut taxes on the wealthy, which is what they wanted to do, you're not helping people who need better schools and better infrastructure and healthcare. You're basically robbing the middle class and the poor to provide tax cuts to the rich.
Robert Reich
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It is a myth that higher taxes lead to less demand and slower growth. In the first three decades after World War II, US top tax rates on the wealthy were never below 70 percent.
Robert Reich
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If you're going to be a great guide to what's great for consumers, and, indirectly, for investors, you've got to be very careful about who you contract with and what you're offering.
Robert Reich
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Disney is no longer just Mickey Mouse Disney is family entertainment. And we're seeing more and more brands change into something that is far greater and broader than individual products and services.
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Corporations are not people, despite what the Supreme Court says, and they don't need or deserve handouts.
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There is a crisis of public morality. Instead of policing bedrooms, we ought to be doing a better job policing boardrooms.
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