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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
Wealth
Homes
Already
Assets
Middle
Wealthy
Called
Majors
Annuals
Small
Major
Annual
Class
Property
Stocks
Values
Taxes
Bonds
Home
Value
Asset
More quotes by Robert Reich
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
The managers of the big brands have a very clear responsibility. It's attracting and keeping talented people in order to sustain and build the trustworthiness of that brand. There is no clearer objective in the economy. Your economic success depends on expanding and building your economies of trustworthiness.
Robert Reich
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
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
The presidency is probably the loneliest office in America. Regardless of your friends, regardless of how good your marriage is, regardless of anything, you are alone there at the top.
Robert Reich
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
We are now enjoying the liberation that comes with not having to be organization men and women, and that's fabulous. But there are new social consequences here of which we need to be aware, and the sale of the self and what that entails for the rest of our lives is quite sobering.
Robert Reich
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
Those who analogize the federal budget to a family's budget must know nothing about either.
Robert Reich
The rich would do better with a smaller share of a rapidly growing economy then they're doing now with a large share of an economy that is barely growing at all.
Robert Reich
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
When I was a kid, the bigger boys would pick on me. So I got an idea that I would make alliances with older boys, like just one or two, who would be my protectors.
Robert Reich
You can't create a political movement out of pabulum.
Robert Reich
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
We do not want to live in a theocracy. We should maintain that barrier and government has no business telling someone what they ought to believe or how they should conduct their private lives.
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
Corporations are not people, despite what the Supreme Court says, and they don't need or deserve handouts.
Robert Reich
When the President decides to go to war, he no longer needs a declaration of war from congress.
Robert Reich
Radical conservatives want to police bedrooms.
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
