Elon Musk: Universal Basic Income

Elon Musk Money Quote saying that because robots and automation are going to take jobs, we will be likely to end up with Universal Basic Income (UBI). Elon Musk said:
 

 

“There is a pretty good chance we end up with a universal basic income, or something like that, due to automation” — Elon Musk

In this quote, Elon Musk is echoing the view expressed by Johann Rupert earlier – that advances in automation and artificial intelligence could significantly reduce the number of jobs available, to the point that some form of universal basic income program may become necessary. By saying there is a “pretty good chance” of this, Musk seems to believe the rise of automation poses a real risk of widespread unemployment.

His statement implies that a universal basic income system, where everyone receives a set amount of money from the government regularly, could act as a safeguard against the societal impacts of job losses to machines and help ensure citizens have their basic needs met. So in summary, Musk is acknowledging the potential job disruption of new technologies and suggesting a basic income program may be required as a result of the effects of automation.

Donald Trump: People Have Borne Cost

Donald Trump Money Quote saying during his inaugural address on Jan. 20, 2017 that citizens haven’t shared in special interests benefits and suggesting politicians somehow increased their personal wealth while industry dies. Donald Trump said:
 

 

“For too long, a small group in our nation’s capital has reaped the rewards of government while the people have borne the cost. Washington flourished, but the people did not share in its wealth. Politicians prospered, but the jobs left. And the factories closed” — Donald Trump

In this quote, Donald Trump argues that political and economic elites in Washington D.C. have disproportionately benefited from policies while everyday Americans have faced greater burdens and lack of opportunities. Some key points in interpreting his perspective:

• He portrays the system as unjustly rewarding political insiders rather than citizens, with people shouldering costs but not reaping rewards of governance.
• Trump implies the “small group” has prospered while communities have lost jobs and industries as factories closed down their operations.
• His aim is to resonate with voters who feel left behind by portraying himself as an outsider challenging the status quo.

However, a balanced interpretation would note that tackling deeply entrenched economic issues requires considering all reasonable perspectives. While Trump highlights valid concerns, comprehensive solutions depend on nuanced debates around trade-offs of various policies and their impacts across different populations over time. The quote reflects Trump’s viewpoint, but a full analysis explores these complex challenges from multiple angles.

Hillary Clinton: Investment in Infrastructure

Hillary Clinton Money Quote saying during acceptance speech at the 2016 Democratic National Convention in Philadelphia that she’ll work to create the most jobs since our last world war. Hillary Clinton said:
 

 

“In my first 100 days, we will work with both parties to pass the biggest investment in new, good-paying jobs since World War II. Jobs in manufacturing, clean energy, technology and innovation, small business, and infrastructure. If we invest in infrastructure now, we’ll not only create jobs today, but lay the foundation for the jobs of the future” — Hillary Clinton

In this quote, Hillary Clinton outlines an ambitious economic plan she would pursue in her first 100 days in office if elected president. She aims to work with both political parties to pass major investments and spending that would create many new jobs, particularly in sectors like manufacturing, clean energy, technology, small business and infrastructure development.

Clinton also argues this job creation strategy would have both immediate and long-term benefits – jobs would be generated directly through the investments, but the infrastructure projects would lay a foundation for future economic and job growth.

Overall, her statement conveys a vision of using substantial public investments as a tool to stimulate broad-based job creation across many industries in both the short and long run, which she portrays as the largest such effort since World War II.

Bernie Sanders: They Bailed Out Banks

Bernie Sanders Money Quote saying while the working public lost their work, savings and houses, the government saved the banks. Bernie Sanders said:
 

 

“The American economy and much of the world was plunged into the worst economic decline since the 1930s. Working people lost their jobs, their homes and their savings, while the government bailed out the banks” — Bernie Sanders

In this quote, Bernie Sanders is describing the impact of the Great Recession that began in late 2007. He notes that the American economy and much of the world experienced the worst economic downturn since the 1930s Great Depression.

Sanders then outlines how this crisis affected working people specifically – they lost their jobs, homes, and savings. He contrasts this by saying that while ordinary citizens suffered greatly, the government’s response was to “bail out the banks.”

Sanders appears to be criticizing the lopsided nature of the recovery efforts, arguing that more could have been done to directly aid average workers rather than just the financial sector.

Overall, the quote captures Sanders’ view that the recession devastated many working families yet the banks received preferential treatment.

Rana Foroohar: Finance Industry Profits

Rana Foroohar Money Quote Wall street takes a far bigger slice of corporate profits in America than the small percentage of jobs it creates. Rana Foroohar said:
 

 

“The finance industry creates 4% of jobs, but takes 25% of the profits in corporate America” — Rana Foroohar

Rana Foroohar seems to be pointing out an imbalance between the finance industry’s economic impact and its profits. While the finance sector only accounts for 4% of total jobs in corporate America, it generates 25% of all profits.

This suggests that the finance industry is highly profitable relative to other sectors that employ more workers. Foroohar appears to be implying that the finance industry earns a disproportionately large share of profits compared to its actual contribution to employment in the U.S. economy.

For the past 15 years Rana Foroohar has covered the financial industry for Newsweek and Time and has now written a book looking at what she’s learned during that time

Mike Rowe: Kids Can’t Pay College Loans

Mike Rowe Money Quote saying student loans are paying for education of kids who can’t find work to pay back loans. Mike Rowe said:
 

 

“We’re lending money we don’t have to kids who can’t pay it back to train them for jobs that no longer exist. That’s nuts” — Mike Rowe

In this quote, Mike Rowe is sharply criticizing the current system of student loans in the United States. He argues that it is financially unsustainable and misguided to lend large sums of money that we don’t actually have in funds to students who often lack clear pathways to repay those loans.

Rowe also believes many students are accumulating debt to pursue degrees that may not lead to real jobs, given changes in the labor market. His view is that lending enormous amounts on the assumption that any college degree automatically equals career success is a flawed approach that will inevitably lead to problems (“That’s nuts”).

Overall, Rowe appears to be calling the sustainability and efficacy of the student loan system into question, suggesting it sets up both students and taxpayers for potential hardship without adequate job opportunities or return on investment.

Bernie Sanders: $1 Trillion for Infrastructure

Bernie Sanders Money Quotation saying investing in roads, bridges, water & sewer systems over 5 years is needed to keep country functioning. Bernie Sanders said:
 

 

“I have introduced legislation that would invest $1 trillion over 5 years to modernize our country’s physical infrastructure. This would create and maintain at least 13 million good-paying jobs” — Bernie Sanders

In this quote, Bernie Sanders outlines a major infrastructure investment proposal he has put forth. He states that his legislation would allocate $1 trillion over 5 years to upgrade and repair the nation’s roads, bridges, water systems, transportation networks and other physical infrastructure in need of modernization.

Sanders estimates that such an investment would generate and sustain at least 13 million new jobs in the domestic construction and infrastructure sectors. By focusing on job creation through rebuilding the country’s public works, the quote suggests Sanders believes this type of stimulus program could help boost employment opportunities and economic activity on a large scale.

Robert Reich: Customers Create Jobs

Former Secretary of Labor Robert Reich Money Quotation saying that the lie of trickle-down theory was effective until we learned it didn’t work. Robert Reich said:
 

 

“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

In this quote, Robert Reich is arguing that businesses do not create jobs primarily due to their own initiative or generosity, but rather because there is sufficient customer demand for their products and services.

He asserts that when economic gains are disproportionately concentrated at the top of income distribution, as has been occurring, most Americans do not have adequate purchasing power to buy what corporations are selling.

Reich implies this lack of purchasing power from average consumers then leads businesses to scale back on job creation since the market for their goods and services is diminished.

Overall, he is contending that inequality is problematic not just as a social or moral issue, but also from an economic perspective since it can undermine job growth if the wealthiest citizens become the sole economic engine driving corporate revenues and employment.