A Quote by Michael G. Rubin
I think the effect of having a net worth tax would take people that are starting companies and say, I'm not going to start them in America, but go somewhere else, because it's such a negative impact.
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If you go from $7 to $15 in a very short period of time, potentially that could have a negative effect on some economies because that is a very big jump. And you're saying to businesses that employ a large number of minimum wage workers, your payroll is basically going to double. That could have a negative impact. It would have to be studied.
Today, free agency takes away a lot of your heroes, they go somewhere else. Some of them don't but a lot of them do-take the higher offer to go somewhere else. And, it turns the fans off because they get attached to the players.
Local tax increases can cause high-net-worth individuals to move, tax experts said; tax avoidance and tax arbitrage are multitrillion-dollar affairs, and rich people are sensitive to tax rates. But many of the people who move when their home state raises taxes are close to retirement anyway.
I think [testing] has had a profoundly problematic impact on student learning. It must seem to students that their worth as individuals is equivalent to their test score. The stress the high stakes culture has on teachers is also highly negative and must surely impact students in a negative way. It also de-professionalizes teachers because it encourages them to be script readers, followers of rigid schedules, and to disregard the needs of the people they teach in favor of the scripts and schedules.
I think bullying comes from a person's feeling of self-worth, and so what you do is you find out where you are in a totem pole, and you may slide in somewhere in the middle. So you say, "OK, well there's all these other people who I respect and admire, and there's all these people below me, so I'm going to put on them this sense that they're inferior and I'm going to belittle them, and that's going to raise my stature."
Once you say you're going to have to tax them coming in, and our politicians never do this, because they have special interests and the special interests want those companies to leave, because in many cases, they own the companies. So what I'm saying is, we can stop them from leaving. We have to stop them from leaving.
They're going to come to me and they're going to say numbers for three years and I'm going to use my division and if it sounds good when I hear it, then I'll take it. But I'm not going to say I'll take less (than the max) . . . Put it this way. I won't take a BMW from somebody when I know I can get a Maybach from somewhere else.
We're going to stand with working people. We're going to take on the billionaire class. We're going the take on the drug companies and the insurance companies. We're going the take on Wall Street. That's where I think the future of the Democratic Party lies.
The theory is that if you take interest rates negative, people are going to say, "That's a silly game! I'm not going to lend my money to governments who want me to pay them. I am going to go into the stock market where I can get positive returns!"
Now astronomical wages are making it very difficult to take somebody who might not even have a transfer fee attached to them, because of the net value that they want and the net value that they're worth.
I've never written a fiction before about real people. . . . I read everything that I could find by people who met them and tried to get some impression of them, but as always when you write fiction, even if you have completely fictitious characters, you start by thinking of what is plausible, what would they say, what would they be likely to do, what would they be likely to think. At some point, if it is every going to come to life, the characters seem to take over and start speaking themselves, and it happened with [COPENHAGEN].
I had no idea at all how to model, but people would start to follow me. So, I would go to these start-up companies and say, 'I have all these followers... how can we work together?'
To have that radical a mind in that bourgeois-looking body was really hard for a lot of people to take, because, when my mother would want to have people over she'd tell [my father], "Don't start with the gravity stuff." And then he would invariably do this and the guests would look at each other and say, "Well, I think it's time to go now."
For anybody whose family, you know, probably came from somewhere else a few generations to say, OK, but now we're going to put up the drawbridge and not let anybody else in, I don't think that's in accord with the values of America.
I would say that things like the head tax in Seattle I think are super dangerous for cities to implement. What company is going to want to start - or move to or grow in - a city that penalizes them for hiring full-time employees?
We've got a tax code that is encouraging flight of jobs and outsourcing. And that's why we've specifically recommended in this campaign that Congress change our tax code so that we stop giving tax breaks to companies that are moving to Mexico and China and other places, and start putting those tax breaks into companies that are investing here in the United States.
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