Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

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
Values
Taxes
Bonds
Home
Value
Asset
Wealth
Homes
Already
Assets
Middle
Wealthy
Called
Majors
Annuals
Small
Major
Annual
Class
Property
Stocks

More quotes by Robert Reich

Image
I knew Hillary Clinton from undergraduate days and was enormously impressed with her. She was a terrific energy and enthusiasm, and a great organizer. And I knew that she was going to have a political future.
Robert Reich
Image
You ask, Could we have an honest discussion about earnings insurance? I think we could, if people understood that the alternative was to build up a backlash against global capital, against free trade, against technological change.
Robert Reich
Image
Corporations are not people, despite what the Supreme Court says, and they don't need or deserve handouts.
Robert Reich
Image
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
Image
I started in the law and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.
Robert Reich
Image
We used to be so proud that our country offered far more economic opportunities than the feudal system in Great Britain, with its royal family, princesses and dukes. But social mobility in the UK is higher than in the US. Our social rift is as big as it was in the 1920s.
Robert Reich
Image
I, from the luxury of my laptop computer, can summon extraordinary bargains on everything I want, and I can also move my savings anywhere. This ability to choose more broadly and to switch more easily is the central fact of modern economic life.
Robert Reich
Image
Being critical of the nation is a far cry from being unpatriotic or anti-American. In fact, most social criticism . . . is based on a love of America's ideals and a concern we're not living up to them.
Robert Reich
Image
When corporations get special handouts from the government, subsidies and tax breaks, it costs you. It means you have to pay more in taxes to make up for these hidden expenses, and government has less money for good schools and roads, Medicare and national defense and everything else you need.
Robert Reich
Image
In journalism, there are only two stories - Oh, the wonder of it, and Oh, the shame of it.
Robert Reich
Image
Bill Clinton was a very, very good speaker. But like many people who are great speakers and great thinkers and have a lot of energy and ambition, he talked too much.
Robert Reich
Image
If you ever want to get a sense of your own personal failure, look at yourself trying to get across a point that nobody is listening to and the situation gets worse and worse.
Robert Reich
Image
I was there in Washington in the `90s. It was pretty bad then. It`s much worse now [in 2015]. And that vicious cycle is you`ve got again big corporations, executives, Wall Street, very wealthy individuals in both parties who are calling the shots.
Robert Reich
Image
Any bank that is too big to fail is too big. Period.
Robert Reich
Image
One logical consequence of this New Economy composed of big brands and entrepreneurial groups is that the unit of production is no longer a particular, identical product. The unit of production is the creative individual.
Robert Reich
Image
The intellectual equipment needed for the job of the future is an ability to define problems, quickly assimilate relevant data, conceptualize and reorganize the information, make deductive and inductive leaps with it, ask hard questions about it, discuss findings with colleagues, work collaboratively to find solutions and then convince others.
Robert Reich
Image
If leadership is about anything, it's about leading. Not leading people back to where they already are, because they don't need that. They're already there.
Robert Reich
Image
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
Image
Well-trained and dedicated employees are the only sustainable source of competitive strength.
Robert Reich
Image
Standing up to bullies is the hallmark of a civilized society.
Robert Reich