A Quote by Barack Obama
It is time to put in place tough, new common-sense rules of the road so that our financial market rewards drive and innovation, and punishes short-cuts and abuse.
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Our current tax code is one that was designed by and for the benefit of politicians and lobbyists. It punishes achievement and rewards laziness. It punishes the voting blocks unimportant to politicians, and rewards voting blocks who keep them in office.
Americans have always pursued our dreams within a free market that has been the engine of our progress. It's a market that has created a prosperity that is the envy of the world, and rewarded the innovators and risk-takers who have made America a beacon of science, and technology, and discovery. But the American economy has worked in large part because we have guided the market's invisible hand with a higher principle - that America prospers when all Americans can prosper. That is why we have put in place rules of the road to make competition fair, and open, and honest.
The free market punishes irresponsibility. Government rewards it.
We also must pull from our highest ideals of justice and protect against those ills that destabilized our economy - like predatory lending, over-leveraged financial institutions and the unchecked avarice of the past that trumped fairness and common sense. Our platform calls for significant cuts in federal spending.
Our nation's tax code is a broken mess of rules and regulations. It rewards special interests, punishes success and holds back millions of Americans seeking better jobs, higher wages, and greater opportunities.
The strategic stimulus to economic development in Schumpeter's analysis is innovation, defined as the commercial or industrial application of something new---a new product, process or method of production, a new market or source of supply, a new form of commercial, business or financial organization.
Common sense is the fundamental factor in all spiritual disciplines. No rule is an eternal rule. Rules change from place to place, time to time and from one condition to another condition.
The great thing about the Internet is - our show is totally modular. Every piece can be popped in and out. They're relatively short pieces. They're not long. And we can say, "here' s one way to market it. Take these pieces out of the show and put them on the Internet." And we're doing dirtier cuts and put those on the Internet. It's a real great way to market the show. This is finally the year a show like this can happen.
As we put autonomous cars on the road, connect Alexas to our lights and our thermostats, put ill-protected Internet-connected video cameras on our houses, and conduct our financial lives over our cell phones, our vulnerabilities expand exponentially.
I have to say, opening up in New York taught me a lot about that level of attention to detail. London's a tough market, Paris is a tough market, but New York, well, that's extraordinary.
The lure in art collecting and its financial rewards, not counting for a moment its aesthetic, cultural and intellectual rewards, is like the trust in paper money: it makes no sense when you really think about it. New artistic images are so vulnerable to opinion that it wouldn't take much more than a whim for a small group of collectors to decide that a contemporary artist was not so wonderful anymore, was so last year.
The threat to change Senate rules is a raw abuse of power and will destroy the very checks and balances our founding fathers put in place to prevent absolute power by any one branch of government.
The penalty of affluence is that it cuts one off from the common lot, common experience, and common fellowship. In a sense it outlaws one automatically from one's birthright of membership in the great human family.
Common sense is not something rigid and stationary, but is in continuous transformation, becoming enriched with scientific notions and philosophical opinions that have entered into common circulation. 'Common sense' is the folklore of philosophy and always stands midway between folklore proper (folklore as it is normally understood) and the philosophy, science, and economics of the scientists. Common sense creates the folklore of the future, a relatively rigidified phase of popular knowledge in a given time and place.
Rapid innovation is the cure for the ills we face, but because innovation is difficult and susceptible to failure, we might need to rethink the way we approach innovation and how we drive it through our companies.
To clink glasses of a freshly made, seasonal beer, preferably in a pub or garden, with friends and perhaps new acquaintances, is a ritual that makes every participant feel good. We may not rationalize this at the time, but it gives us a sense of place in our common community and our time in the tides of life on earth. This is a way to value beer and treat it with respect.
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