A Quote by Jack Ma
Year 2008 wiped out $19.2 trillion in US income... What if the money was spent on the Midwest of the United States?
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The economy of the United States gross domestic product doubled from 1996 to 2015, doubled, more than, $8.8 trillion to $17.1 trillion. And the median household income went down.
I wish we had the $4 trillion or $5 trillion. I wish it were spent right here in the United States, on our schools, hospitals, roads, airports, and everything else that are all falling apart.
In my opinion, we've spent $4 trillion trying to topple various people [on the Middle East] that frankly, if they were there and if we could've spent that $4 trillion in the United States to fix our roads, our bridges, and all of the other problems; our airports and all of the other problems we've had, we would've been a lot better off.
The world spends two trillion dollars a year on military, and of that two trillion the United States spends one trillion. We have a bigger military than the rest of the world put together. We have 150 foreign military bases.
I believe the number is 70% of the world's refugees since World War II have been taken in by the United States. Every year, year in, year out, the United States admits more legal immigrants than the rest of the world combined. The United States has granted amnesty before to three million illegals and appears prepared to do it again.
It is a foregone opportunity that we could have a trillion dollars more of income for the United States if we were producing at capacity rather than falling so far short of it.
I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company.
It is not widely known that, ever since the end of the Korean War, the United States has spent essentially the same amount of money on defense, in real terms, every single year.
When George W. Bush entered office, the national debt was $5 trillion. When he left, it was $10 trillion. I think the administration spent too much money.
Currently, the United States has troops in dozens of countries and is actively fighting in Iraq, Syria, Libya, and Yemen (with the occasional drone strike in Pakistan). In addition, the United States is pledged to defend 28 countries in NATO. It is unwise to expand the monetary and military obligations of the United States given the burden of our $20 trillion debt.
The tax rate of 35 percent is impossible to provide an incentive to the large corporations, that have $1.7 trillion offshore, to put their money back in the United States.
We're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.
I will fight in the United States Senate this year to fund a servicing mission to Hubble by 2008, a mission that would potentially increase Hubbles power and efficiency by a factor of 10 and allow us to look back almost to the beginning of the universe.
Nine million people - nine million people lost their jobs [in 2008]. Five million people lost their homes. And $13 trillion in family wealth was wiped out.Now, we have come back from that abyss. And it has not been easy.
I said in October of 2008 that there was no proof that Iraq had weapons of mass destruction or had the intention or capability of attacking the United States. Here we are. Almost 4,700 troops died, tens of thousands injured, over a million Iraqis dead. It will cost $5 trillion in the end for the war.
If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, I believe a large amount of their difference is due to taxes. Not only is it true of the last decade, but I took these numbers back 50 years. And, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.
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