Robert Reich Quotes

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Some argue shareholder capitalism has proven more efficient. It has moved economic resources to where they're most productive, and thereby enabled the economy to grow faster.

What someone is paid has little or no relationship to what their work is worth to society.

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Most financiers, corporate lawyers, lobbyists, and management consultants are competing with other financiers, lawyers, lobbyists, and management consultants in zero-sum games that take money out of one set of pockets and put it into another.

Increasingly, corporate nationality is whatever a corporation decides it is.

Instead of worrying about who's American and who's not, here's a better idea: Create incentives for any global company to do what we'd like it to do in the United States.

Rather than subsidize 'American' exporters, it makes more sense to subsidize any global company - to the extent it's adding to its exports from the United States.

In reality, most of America's poor work hard, often in two or more jobs.

As income from work has become more concentrated in America, the super rich have invested in businesses, real estate, art, and other assets. The income from these assets is now concentrating even faster than income from work.

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?

We don't have to sit by and watch our meritocracy be replaced by a permanent aristocracy, and our democracy be undermined by dynastic wealth.

One tax dodge often used by multi-national companies is to squirrel their earnings abroad in foreign subsidiaries located in countries where taxes are lower.

Even if there's no way to stop U.S. corporations from shedding their U.S. identities and becoming foreign corporations, there's no reason they should retain the privileges of U.S. citizenship.

Freedom is the one value conservatives place above all others, yet time and again, their ideal of freedom ignores the growing imbalance of power in our society that's eroding the freedoms of most people.

The 'free market' is the product of laws and rules continuously emanating from legislatures, executive departments, and courts.

Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.

Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans.

Standing up to bullies is the hallmark of a civilized society.

America's real business leaders understand unless or until the middle class regains its footing and its faith, capitalism remains vulnerable.

It's true that redistributing income to the needy is politically easier in a growing economy than in a stagnant one.

Evidence suggests jobs are crucial not only to economic well-being but also to self-esteem.

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