A Quote by Lawrence Lessig
[Congress] and their cronies secure more than one hundred billion dollars in corporate welfare
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Well, Congress gave us a billion dollars to dig the hole, this gigantic hole. Bigger, much bigger than the hole in Geneva, Switzerland. Then they canceled the machine and gave us a second billion dollars to fill up the hole. Two billion dollars to dig a hole and fill it up. That is the wisdom of the United States Congress and it really makes you wonder: Is there intelligent life on the Earth? Certainly not in the United States Congress.
A billion dollars every week for Iraq, $87 billion for Iraq. We can't get $5 billion for childcare over five years in welfare reform.
Bill Gates has 90 billion dollars ... If I had 90 billion dollars, I wouldn't have it for long because I would just dream of all the crazy stuff I could do with it. This guy, 90 billion dollars. He could buy every baseball team and make them all wear dresses and still have 88 billion dollars.
When I was in high school, I wrote a play that I sent off to a competition that took second place. I got a check for a hundred dollars. I never cashed it, because obviously it was worth way more than a hundred dollars.
The appropriation of public money always is perfectly lovely until some one is asked to pay the bill. If we are to have a billion dollars of navy, half a billion of farm relief, etc... the people will have to furnish more revenue by paying more taxes. It is for them, through their Congress, to decide how far they wish to go.
The Joint Committee on Taxation estimated that in 2016, the corporate income tax raised $300 billion in revenue, while what it called 'targeted subsidies' cost about $270 billion. In other words, Congress could eliminate the subsidies and cut the corporate rate nearly in half without any significant loss in revenue.
This sounds crazy, I know, but you can make a billion dollars - very few people do - but you can make a billion dollars on a product. It can be "Lion King," it can be "Simpsons," it can be "Family Guy," who knows what it is. Or you can make zero. But you can't make a billion dollars if you don't own it.
Congress must take responsibility for a new positive direction - an innovative agenda that will lead to a more secure America. Secure communities, secure economies, and a secure quality of life.
There is probably not more than one hundred dollars in cash in circulation today. That is, if you were to call in all the bills and silver and gold in the country at noon tomorrow and pile them on the table, you would find that you had just about one hundred dollars, with perhaps several Canadian pennies and a few peppermint Life Savers.
Higher education isn't just a personal investment. It's a public good that pays off in a more competitive workforce and better-informed and engaged citizens. Every year, we spend nearly $100 billion on corporate welfare, and more than $500 billion on defense spending. Surely ensuring the next generation can compete in the global economy is at least as important as subsidies for big business and military adventures around the globe. In fact, I think we can and must go further - not just making public higher education tuition-free, but reinventing education in America as we know it.
Last year people won more than one billion dollars playing poker. And casinos made twenty-seven billion just by being around those people.
The other General Welfare Clause is in the first of the authorities given to the Congress and it's not a grant, it's a restriction. By which I mean it doesn't say Congress can legislate for the general welfare, it means that everything Congress must do has to enhance the general welfare of the United States of America. It can't grant things to individuals, it can only legislate for the government.
We don't supply a hundred billion dollars worth of weapons to the war criminals in Saudi Arabia nor do we supply eight million dollars a day to the Israeli army that is also violating international law and human rights.
The price of Christmas toys is outrageous - a hundred dollars, two hundred dollars for video games for the youngsters. I remember a Christmas years ago when my son was a kid. I bought him a tank. It was about a hundred dollars, a lot of money in those days. It was the kind of tank you could actually get inside and ride in. He played in the box it came in. It taught me a very valuable lesson. Next year he got a box. And I got a hundred dollars' worth of scotch.
I wouldn't sell my bike for all the money in the world. Not for a hundred million, trillion, billion dollars!
If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.
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