Robert Reich Money Quotes
 

This page contains a collection of quotes by Robert Reich about various economic and political topics. Some of the main themes discussed include criticisms of Trump-era tax cuts benefiting the wealthy, the influence of money in politics, rising inequality, and issues with Wall Street and big corporations. In summary, the quotes provide commentary on a range of current issues through Reich’s perspective that the economic system unfairly favors powerful interests over average citizens.

The [Trump] tax cut cost approximately trillion dollars in lower taxes paid by corporations and wealthy Americans. Revenue did not increase to cover it. Instead, that trillion has been added to the national debt, which continues to balloon. It's now over 3 trillion dollars Quote
 

“The [Trump] tax cut cost approximately $2 trillion dollars in lower taxes paid by corporations and wealthy Americans. Revenue did not increase to cover it. Instead, that $2 trillion has been added to the national debt, which continues to balloon. It’s now over $23 trillion dollars”

 

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They said the [Trump] tax cut would raise wages and most workers would get an immediate ,000 pay increase. More baloney. Most workers got practically nothing. Instead, corporate profits have gone to the top: to CEOs, who last year got an average pay increase of over Million dollars Quote
 

“They said the [Trump] tax cut would raise wages and most workers would get an immediate $4,000 pay increase. More baloney. Most workers got practically nothing. Instead, corporate profits have gone to the top: to CEOs, who last year got an average pay increase of over $1 Million dollars”

 

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Big corporations and the richest 1% of Americans have poured hundreds of millions of dollars into Washington, purchasing enormous political influence and drowning out the voice of average Americans Quote
 

“Big corporations and the richest 1% of Americans have poured hundreds of millions of dollars into Washington, purchasing enormous political influence and drowning out the voice of average Americans”

 

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Commonly believed, especially among Republicans, that the rich deserve their wealth because they work harder than others. In reality, a large and growing portion of the super-rich have never broken a sweat. Their wealth has been handed to them Quote
 

“Commonly believed, especially among Republicans, that the rich deserve their wealth because they work harder than others. In reality, a large and growing portion of the super-rich have never broken a sweat. Their wealth has been handed to them”

 

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Someone should let Trump know it’s illegal for candidates for federal office to solicit foreign money, regardless of whether the donations ever materialize Quote
 

“Someone should let Trump know it’s illegal for candidates for federal office to solicit foreign money, regardless of whether the donations ever materialize”

 

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The biggest threats to American sovereignty are invisible digital dollars wired into U.S. election campaigns from abroad Quote
 

“The biggest threats to American sovereignty are invisible digital dollars wired into U.S. election campaigns from abroad”

 

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The Democratic National Committee - like the Republican National Committee - has become little more than a giant machine designed to suck up big money from wealthy individuals, lobbyists, bundlers and corporate and Wall Street PACs Quote
 

“The Democratic National Committee – like the Republican National Committee – has become little more than a giant machine designed to suck up big money from wealthy individuals, lobbyists, bundlers and corporate and Wall Street PACs”

 

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We are lurching toward a capitalism so top-heavy it cannot be sustained Quote
 

“We are lurching toward a capitalism so top-heavy it cannot be sustained”

 

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Robert Reich end to corporate welfare... No more specialized tax breaks, no more exemptions, or bailouts or special treatment, no more crony capitalism. We must eliminate all corporate handouts quote
 

“We have to demand an end to corporate welfare… No more specialized tax breaks, no more exemptions, or bailouts or special treatment, no more crony capitalism. We must eliminate all corporate handouts and do it now”

 

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financiers, lawyers, lobbyists, and management consultants in zero-sum games that take money out of one set of pockets and put it into another Quote
 

“Most financiers, corporate lawyers, lobbyists, and management consultants are competing with other financiers, lawyers, lobbyists, and management consultants in zero-sum games that take money out of one set of pockets and put it into another”

 

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Forbes 400 list with a net worth of $200 billion … and we’re still arguing about whether the billionaires need to be taxed Quote
 

“Jeff Bezos just became the first person on the Forbes 400 list with a net worth of $200 billion … and we’re still arguing about whether the billionaires need to be taxed”
 

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Poverty-level wages cost U.S. taxpayers $152.8 billion a year in public support for working families. So it's only logical to raise taxes on big companies that give their workers poverty-level wages, to pay for this subsidy Quote
 

“Poverty-level wages cost U.S. taxpayers $152.8 billion a year in public support for working families. So it’s only logical to raise taxes on big companies that give their workers poverty-level wages, to pay for this subsidy”

 

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Robert Reich If you took the greed out of Wall Street, all you'd have left is pavement quote
 

“If you took the greed out of Wall Street, all you’d have left is pavement”

 

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Robert Reich Wall Street and stock market are metaphors for a society rotting from self-indulgence, greed, widening inequality, and financial entrepreneurship that builds nothing, improves nothing, creates nothing, and solves nothing, but merely moves money from one set of pockets to another quote
 

“Wall Street and stock market are metaphors for a society rotting from self-indulgence, greed, widening inequality, and financial entrepreneurship that builds nothing, improves nothing, creates nothing, and solves nothing, but merely moves money from one set of pockets to another”

 

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How can you witness billionaires accumulate $10,000,000,000,000 in wealth during an economically catastrophic pandemic and not conclude that the system needs to fundamentally change? Quote
 

“How can you witness billionaires accumulate $10,000,000,000,000 in wealth during an economically catastrophic pandemic and not conclude that the system needs to fundamentally change?”

 

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Big Pharma company Gilead is charging $3,000 for a coronavirus drug that costs them less than $10 to produce. If that’s not looting, I don’t know what is Quote
 

“Big Pharma company Gilead is charging $3,000 for a coronavirus drug that costs them less than $10 to produce. If that’s not looting, I don’t know what is”

 

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the drug was developed with a $37.5 million grant from the federal government paid for by the taxpayers. Once again, Big Pharma is set to profit on the taxpayer's dime Quote
 

“As Gilead’s stock price rises on reports of remdesivir, remember that the drug was developed with a $37.5 million grant from the federal government paid for by the taxpayers. Once again, Big Pharma is set to profit on the taxpayer’s dime”

 

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Robert Reich Corporations don’t create jobs, customers do. So when all the economic gains go to the top, as they’re doing now, the vast majority of Americans don't have enough purchasing power to buy the things corporations want to sell — which means businesses stop creating enough jobs quote
 

“Corporations don’t create jobs, customers do. So when all the economic gains go to the top, as they’re doing now, the vast majority of Americans don’t have enough purchasing power to buy the things corporations want to sell — which means businesses stop creating enough jobs” — Robert Reich

 

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