Quote

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

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
World
Growth
Wealthy
Higher
Myth
Less
Decades
War
Rate
Three
Taxes
Firsts
Demand
First
Lead
Slower
Never
Percent
Rates

More quotes by Robert Reich

Image
You`ve got to just follow the money [in Washington]. You see it. There`s no countervailing power.
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
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.
Robert Reich
Image
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
Image
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
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
Those who analogize the federal budget to a family's budget must know nothing about either.
Robert Reich
Image
Education is not the only answer and it's certainly not the immediate solution. At best, it's a necessary, but not sufficient response to widening inequality.
Robert Reich
Image
Most Americans are on a downward escalator. Median wage in the United States, adjusted for inflation, keeps on dropping.
Robert Reich
Image
Now, inventiveness and empathy, those qualities, if they're together in the same person, you've got an entrepreneurial genius. But they do tend to be slightly separate.
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
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
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
If we're concerned about volatility of earnings because we want some more stability in our lives, then let's create, instead of an unemployment insurance system, an earnings insurance system that will moderate the volatility for a certain period of time until we get back on our feet.
Robert Reich
Image
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
Image
The core principle is that we want an economy that works for everyone, not just for a small elite. We want equal opportunity, not equality of outcome. We want to make sure that there's upward mobility again, in our society and in our economy.
Robert Reich
Image
If consumers don't have the wherewithal to spend because all the money's going to the top, and the people at the top only spend a very small fraction of what they earn, then the economy is almost inevitably destined to slow.
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
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
Image
On the Republican playing field, Republicans always win.
Robert Reich