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We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a small annual tax on the value of stocks and bonds, the major assets of the wealthy?
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
Stocks
Class
Property
Bonds
Values
Taxes
Home
Value
Asset
Wealth
Homes
Already
Assets
Middle
Wealthy
Annuals
Called
Majors
Annual
Small
Major
More quotes by Robert Reich
One thing I've learned from 35 years in the classroom is that people learn best when they are laughing, when they are emotionally hit, that it's both the brain and the heart.
Robert Reich
Terrorism itself is not the greatest danger we face.
Robert Reich
The path to success used to be up and through an organization. Now the path to success is increasingly through self-promotion.
Robert Reich
The problem right now is jobs. The problem right now is the economy and economic growth.
Robert Reich
The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.
Robert Reich
There are party leaders, big corporation, Wall Street. There are very wealthy individuals who kind of represent where the Democratic Party, the official Democratic Party was and to some extent still is.
Robert Reich
When the President decides to go to war, he no longer needs a declaration of war from congress.
Robert Reich
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
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.
Robert Reich
You`ve got to just follow the money [in Washington]. You see it. There`s no countervailing power.
Robert Reich
We can't know in advance what history is going to say, but I would be utterly amazed and surprised if this entire adventure, this entire Iraqi invasion from the beginning of its inception, were not judged to be an utter failure and a terrible, terrible thing for the world.
Robert Reich
If you give up on politics, you're giving up on democracy. And if you give up on democracy, you're basically saying to the moneyed interests, the powerful people and institutions of society, take it all. That's a self-fulfilling prophecy. Then we give up. Then we are 100 percent plutocracy.
Robert Reich
Those who analogize the federal budget to a family's budget must know nothing about either.
Robert Reich
Socialism for rich bankers and capitalism for everyone else.
Robert Reich
Well-trained and dedicated employees are the only sustainable source of competitive strength.
Robert Reich
Cynicism is the last refuge of those who don't want to do the work of creating a better society.
Robert Reich
We are born, we grow up, we live our lives as best we can. If we are thoughtful we are good parents and good partners. If we are wise we strive for integrity and intimacy. If we are fortunate we discover love and joy. If we are able, we make the world a little better than we found it.
Robert Reich
The only way to grow the economy in a way that benefits the bottom 90 percent is to change the structure of the economy. At the least, this requires stronger unions and a higher minimum wage.
Robert Reich
It's very hard to establish an economy of trustworthiness. The key is continuing to innovate and to keep your customers through innovation, because the customers can leave. But once you are a dominant player that continues to innovate and provide a good deal, customers will stay with you.
Robert Reich
America's real business leaders understand unless or until the middle class regains its footing and its faith, capitalism remains vulnerable.
Robert Reich
