A Quote by Robert Reich
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.
Related Quotes
There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.
My team and I tried cashing checks at check-cashing places and paying bills by money order. It's incredibly inconvenient and time-consuming - it's practically a part-time job just to manage and move your money.
I pledge to never sign any trade agreement that hurts our workers or that diminishes our freedom and our independence. We will never, ever sign bad trade deals. America first again. America first!
There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.
If people are going to do things which have certain consequences that they would rather avoid, they should do whatever they need to avoid the consequences.
As a creative individual, I really go out of my way to avoid the corporate scene in terms of songwriting. If the first question is how much money is it going to make, I'm going to be in trouble anyway.
Not so long ago, companies that borrowed lots of money were considered risky, appropriate only for daredevil stock pickers. Those with lots of cash on hand and few outstanding debts might be dull stocks, but they were at least safe bets for bondholders.
When politicians and politically minded people pay too much attention to literature, it is a bad sign - a bad sign mostly for literature. But it is also a bad sign when they don't want to hear the word mentioned.
Ignorance of how we are shaped racially is the first sign of privilege. In other words. It is a privilege to ignore the consequences of race in America.
He who bets on governments and government money bets against 6,000 years of recorded human history.
That is the trouble with many inventors; they lack patience. They lack the willingness to work a thing out slowly and clearly and sharply in their mind, so that they can actually "feel it work." They want to try their first idea right off; and the result is they use up lots of money and lots of good material, only to find eventually that they are working in the wrong direction. We all make mistakes, and it is better to make them before we begin.
People think bigger movies are bad, and that's just not true - there's bad big films, and there's bad little ones. The bad big ones have to make their money back, so they'll push them down your throat, but the little ones just disappear if they're bad.
We're getting bad people out of America, people that shouldn't be, whether it's drugs or murder or other things. We're getting bad ones out. Those are the ones that go first. And I said it from day one. Basically, all I've done is keep my promise.
One of my first acts will be to get all of the drug lords, all of the bad ones - we have some bad, bad people in America that have to go out. We're going to get them out; we're going to secure the border.
The overflow of big money in politics drowns out the voices of everyday people. That is part of the conundrum in America: The more money you have the more speech you have. That leaves everyday people out of the equation.
I don't know if a government bailout will rescue America's auto industry, but I do know that if there is a bailout, it better come with a big, bright stop sign and lots of strings attached.
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