A Quote by Robert Reich
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.
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We have to make education a priority, but all this debate about education and testing is almost beside the point. We only spend a fraction of the money on education that we spend on arms buildups. Under a Kucinich administration, education becomes one of the top domestic priorities. We put money into it. We cause the government to be vitally involved in it. And we make sure our children have the love of knowledge.
People at the top spend less money than those at the bottom, so when you have redistribution toward the top, aggregate demand goes down. Unless you intervene, you're going to have a weak economy unless something else happens.
Doing good with other people's money has two basic flaws. In the first place, you never spend anybody else's money as carefully as you spend your own. So a large fraction of that money is inevitably wasted. In the second place, and equally important, you cannot do good with other people's money unless you first get the money away from them. So that force - sending a policeman to take the money from somebody's pocket - is fundamentally at the basis of the philosophy of the welfare state.
Once people know that you can spend the money and that you're willing to spend the money and that you're set up to spend the money in politics, then your threat to spend the money is as convincing as actually spending it.
I'm very organised with my money. It can sometimes feel like a full time job to keep on top of it but my best tip is to stay organised and always save first and then spend what you have left not spend and then save what's left.
I try to spend a lot of time with people outside my direct reports. The view from the top is totally distorted. If you only spend time with your directs, you have no perspective on what's really going on.
Somebody said, 'Roger doesn't know how to spend money.' And I thought, 'I don't spend money because I don't have it!' If I had it, I could spend money! That's about the only time I was told that!
People at the top spend less money than those at the bottom so when you have redistribution toward the top, aggregate demand goes down. Unless you intervene, you're going to have a weak economy unless something else happens. That something else could be a bubble. The United States tried a tech bubble and a housing bubble, but those were not sustainable answers. So I view inequality as a fundamental part of our macroeconomic weakness.
The Smothers Brothers have a good show, bul CBS is going to have to spend an awful lot of money to keep it going with top guest stars. A variety show is very expensive.
Human beings tend not to spend money on health preventionally. We tend to spend it on top treatment.
We're now moving into a stage where the green economy isn't just going to be the place for people to spend money. It's going to become a place where a lot more people can earn money, and also save more money. These kind of solutions require collective action and government action. So as an advocate for government change, even somebody like me gets to have a role.
It is true that rich people can spend more money than middle class people, but there's this upper limit on what we can spend. I drive a very nice car, but it's only one car. I don't own a thousand, even though I earn a thousand times the median wage. I have a few jackets, not a few thousand.
I think, when you reach the top level, it is less about the money itself; it is important only because the level of earning shows the importance of the player or the manager. I don't think people want to have the money just to spend it. It is a reflection of your importance in football.
I definitely spend the most money on shoes, partly because vintage footwear can be a little funky - in a bad way. I like to keep things pretty simple up top and then go weird with the shoes.
The Tea Party people say they're angry about socialism, but maybe they're really angry about capitalism. If there's a sense of being looked down upon, it's that sense of failure that's built into a system that assures everyone they can make it to the top, but then reserves the top for only a tiny fraction of the strivers.
Is this money well spent? This is taxpayer money, it is going to be adding to the deficit short term and if we can't justify it, then we're not going to spend tens or hundreds of billions of dollars, just to make somebody happy, if it's not good for the economy.
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