Posts Tagged ‘millions’

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Donald Trump: Cost Me 100s of Millions

Posted by admin on Saturday, February 11, 2017

Donald Trump Money Quote saying in a November 1999 CNN interview that taxing top 1 percent of Americans 14% of their net worth would wipe out the national debt and he’d pay millions and thinks it worthwhile. Donald Trump said:
 
Personally this plan would cost me hundreds of millions of dollars, but in all honesty, it's worth it Quote
 

“Personally this plan would cost me hundreds of millions of dollars, but in all honesty, it’s worth it” — Donald Trump

 

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In this quote, Donald Trump suggests that while his proposed tax plan would result in significant personal financial costs for him of “hundreds of millions of dollars,” he views it as “worth it.” Some key considerations in interpreting his perspective:

  • He portrays the plan as so beneficial for the country that he is willing to incur major personal expenses, aiming to show self-sacrifice.
  • However, without more specifics about the plan or its potential impacts, it’s difficult to independently assess costs and benefits.
  • As a billionaire, hundreds of millions would still leave him extraordinarily wealthy while impacting national debt or inequality.
  • His tone could also be seen as highlighting his wealth or lack of shared sacrifice compared to most taxpayers.

Overall, while Trump aims to convey his commitment, a balanced interpretation would acknowledge both his viewpoint as well as the complexities around objectively evaluating any tax or economic plan’s true costs, benefits, and distributional effects across populations. Reasonable experts may disagree on optimal policies.

Jamie Raskin: Plutocracy Billionaires Cabinet

Posted by admin on Sunday, January 29, 2017

Jamie Raskin Money Quote saying that seven years after the Jan. 21, 2010 anniversary of Citizens United Supreme Court decision that resulting political dark money in elections has resulted in plutocracy. Jamie Raskin said:
 
hundreds of millions of dollars in dark money have been spent shareholders and billionaires we can see what plutocracy looks like Quote
 

“Seven years ago, five justices overturned two centuries of jurisprudence to determine that private business corporations enjoy the political free speech rights of the people. Today after hundreds of millions of dollars in dark money have been spent by CEOs in the name of their unwitting shareholders and billionaires act as our new political bosses and cabinet secretaries, we can see what plutocracy looks like” — Jamie Raskin

 

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In this quote, Jamie Raskin appears to be criticizing the impact of the Supreme Court’s Citizens United decision, which allowed for unlimited political spending by corporations and unions. He argues this has led to “hundreds of millions of dollars in dark money” being spent in elections against the interests of ordinary shareholders.

By saying “billionaires act as our new political bosses”, Raskin also suggests wealthy donors have gained outsized influence over politicians and policymaking. The best interpretation is that Raskin believes Citizens United has undermined political equality by concentrating power in the hands of major companies and a small number of rich individuals, transitioning the U.S. closer to a “plutocracy” ruled by the wealthy rather than a true democracy.

Overall, the quote presents Raskin’s view that dark money in politics threatens representative government.

Christopher G. Oechsli: Cut Million $ Checks

Posted by admin on Saturday, January 28, 2017

Christopher G. Oechsli Money Quote saying as chief executive of Atlantic Philanthropies that it’s hard work to give away large amounts of money responsibly. Christopher G. Oechsli said:
 
We have hundreds of millions of dollars to try to make a difference. You need to think really hard about doing it Quote
 

“I wake up some mornings and think it would be nice to cut 10 checks and be done with it, but that’s not the best use of money. We have hundreds of millions of dollars to try to make a difference. You need to think really hard about doing it” — Christopher G. Oechsli

 

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In this quote, Christopher G. Oechsli seems to be discussing philanthropic giving as the head of a large foundation or nonprofit. When he says “it would be nice to cut 10 checks and be done with it”, he’s referring to simply distributing their vast funds ($100s of millions) to a small number of causes. However, he acknowledges “that’s not the best use of money” and it’s important to “think really hard about doing it” in order to make the most meaningful impact.

The best interpretation is that Oechsli believes large donors have a responsibility to strategically allocate substantial resources, not just write a few big checks, to carefully address the root of societal problems and “try to make a difference” on a broader scale. The quote conveys his view that maximizing charitable aid requires thorough evaluation and planning over quick actions.

Winnie Byanyima: Obscene Wealth, So Few

Posted by admin on Wednesday, January 25, 2017

Winnie Byanyima Money Quote saying in an Oxfam report that just eight men have more wealth than those in poverty representing half the worlds population. Winnie Byanyima said:
 
It is obscene for so much wealth to be in the hands of so few people when 1 in 10 people live on less than $2 a day, Inequality is trapping hundreds of millions in poverty Quote
 

“It is obscene for so much wealth to be in the hands of so few people when 1 in 10 people live on less than $2 a day, Inequality is trapping hundreds of millions in poverty; it is fracturing our societies and undermining democracy” — Winnie Byanyima

 

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This quote seems to be criticizing the high level of economic inequality in the world where a small minority hold a disproportionate amount of total wealth.

It points out that it is “obscene” or unacceptable that so much wealth is concentrated in the hands of so few people, when at the same time 1 in 10 people live on less than $2 a day in poverty.

The quote argues that this level of inequality is “trapping hundreds of millions in poverty”, implying that unequal distribution of resources contributes to the entrenchment of poverty.

It further claims that inequality is “fracturing our societies and undermining democracy”. This suggests that large wealth gaps can divide societies and weaken political systems where wealth can be used to influence policies and elections.

Overall, the speaker is expressing the view that the current global level of economic inequality, where a small percentage hold most of the wealth while many live in extreme poverty, is morally problematic and has negative social and political consequences for societies around the world.

Eugene Debs: Fortunate vs. Wretched

Posted by admin on Tuesday, October 18, 2016

Eugene V. Debs Money Quote saying our economic system allows the wealthy to grow richer while hard-working Americans make just enough to survive. Eugene V. Debs said:
 
I am opposing a social order in which it is possible for one man who does absolutely nothing that is useful to amass a fortune of hundreds of millions of dollars, while millions of men and women who work all the days of their lives secure barely enough for a wretched existence Quote
 

“I am opposing a social order in which it is possible for one man who does absolutely nothing that is useful to amass a fortune of hundreds of millions of dollars, while millions of men and women who work all the days of their lives secure barely enough for a wretched existence” — Eugene V. Debs

 

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In this quote, Eugene V. Debs seems to be strongly criticizing the inequities and unfairness of a capitalist system that allows extreme wealth accumulation without work at the top, while many hard-working people struggle in poverty at the bottom. Some key points:

  • He references one man being able to amass a huge fortune of “hundreds of millions of dollars” without “doing absolutely nothing that is useful”. This implies criticism of inheriting or profiting enormously from wealth generated by others.
  • In contrast, Debs notes that “millions” who labor constantly only “secure barely enough for a wretched existence”, capturing the precarious livelihoods of many low-wage workers despite their diligent toil.
  • The quote conveys Debs’ view that an economic system permitting such vast disparities between those who contribute nothing yet become enormously rich versus those who contribute greatly through work yet still live in hardship is inherently unjust and worthy of opposition.

Overall, Eugene V. Debs appears to be denouncing the inequalities and unfair distribution of wealth under capitalism that rewards idleness at the top while not providing economic security for hardworking people at the bottom through no fault of their own. He advocates for a more equitable system where diligent work translates to a decent standard of living.

Elizabeth Warren: Bank CEO Massive Fraud

Posted by admin on Wednesday, October 12, 2016

Senator Elizabeth Warren Money Quote saying about former CEO of Wells Fargo Bank, John Stumpf that he should face prosecution for fraud. Senator Elizabeth Warren said:
 
A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement Quote
 

“A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement” — Elizabeth Warren

 

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In this quote, Elizabeth Warren arguing that bank executives should not be able to commit major misconduct or illegal acts and then face no real consequences. Some key points:

  • She refers to a bank CEO “oversight of a massive fraud”, implying serious wrongdoing or corruption.
  • Warren states that such a CEO should not just be able to “simply walk away to enjoy millions in retirement” after such an offense.
  • This suggests she believes executives personally responsible for significant corporate fraud or other financial crimes should face stronger penalties than just being allowed to retire wealthy.
  • The quote conveys Warren’s view that bank leaders need to be held personally accountable for major transgressions on their watch, rather than escaping punishment by resigning.

Overall, Elizabeth Warren appears to be advocating for tougher accountability and enforcement against top banking executives involved in legal/ethical breaches.

John Chiang: Wells Fargo Wanton Greed

Posted by admin on Wednesday, September 28, 2016

John Chiang Money Quote saying as California State Treasurer that Wells Fargo cheated and fleeced customers with disregard for institutional ethics and encouraged greediness. John Chiang said:
 
Wells Fargo's fleecing of its customers by opening fraudulent accounts for the purpose of extracting millions in illegal fees demonstrates, at best, a reckless lack of institutional control and, at worst,  a culture which actively promotes wanton greed Quote
 

“Wells Fargo’s fleecing of its customers by opening fraudulent accounts for the purpose of extracting millions in illegal fees demonstrates, at best, a reckless lack of institutional control and, at worst, a culture which actively promotes wanton greed” — John Chiang

 

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John Chiang seems to be strongly criticizing Wells Fargo’s actions that led to the fraudulent account scandal. He argues that by opening accounts without customer consent in order to charge fees, Wells Fargo showed either a failure to properly oversee its employees or a corporate culture that actively encourages greed and profit-seeking at the expense of ethical treatment of customers.

Chiang’s description of the bank “fleecing” and “extracting” money from customers portrays its actions as predatory. Overall, his remarks suggest Wells Fargo’s misconduct demonstrated a lack of principles that put shareholders and executives’ interests ahead of customers it had a responsibility to serve fairly and honestly.

Richard Pryor: Have Everything But Peace

Posted by admin on Saturday, September 24, 2016

Richard Pryor Money Quote saying we believe that once we get all the things money can buy, we’ll be happy, but it doesn’t arrive as expected. Richard Pryor said:
 
I thought I had everything - millions of dollars, mansions, cars, nice clothes, beautiful women, and every other materialistic thing you can imagine. Now I struggle for peace Quote
 

“There was a time in my life when I thought I had everything – millions of dollars, mansions, cars, nice clothes, beautiful women, and every other materialistic thing you can imagine. Now I struggle for peace” — Richard Pryor

 

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In this quote, Richard Pryor is reflecting on having achieved great financial success and material wealth at one point in his life, possessing “millions of dollars, mansions, cars, nice clothes, beautiful women, and every other materialistic thing.”

However, he notes that despite obtaining all of these things, he still found himself “struggling for peace.” The interpretation is that Pryor is suggesting wealth and possessions did not ultimately provide lasting fulfillment or inner tranquility.

The quote conveys that true peace of mind cannot be bought and comes from within, not external factors like money and status.

Pryor seems to be imparting a lesson about finding contentment through inner means rather than defining one’s self-worth or happiness based on material accumulation and trappings of success alone.

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