Michael Bloomberg Quotes About Taxes

Quotes about: Taxes

• You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn't work. And what's good theater and what's good politics isn't necessarily good economic policy.

  Michael Bloomberg

  Cutting, Entitlement, Economic

  "Meet the Press" with David Gregory, www.nbcnews.com. September 25, 2011.

• Well, you have the public not wanting any new spending, you have the Republicans not wanting any new taxes, you have the Democrats not wanting any new spending cuts, you have the markets not wanting any new borrowing, and you have the economists wanting all of the above. And that leads to paralysis.

  Michael Bloomberg

  Cutting, Republican, Spending

  "Meet The Press" with David Gregory, votesmart.org. August 1, 2010.

• Taxes are not good things, but if you want services, somebody's got to pay for them so they're a necessary evil.

  Michael Bloomberg

  Success, Business, Responsibility

• If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.

  Michael Bloomberg

  Country, People, Ordinary

  "Obama Adviser: Shutdown Looms as GOP Bends to Will of Tea Party". NBC "Meet the Press", www.foxnews.com. September 25, 2011.

• The estate taxes, on balance, are good. They get people to give money to charity, and they prevent these family dynasties which keep other people from having opportunities. It may be good for a family, but for society it's probably not good. And I've always been in favor of having an estate tax.

  Michael Bloomberg

  Opportunity, People, Giving

  "Global Public Square" with Fareed Zakaria, globalpublicsquare.blogs.cnn.com. November 2, 2008.

• We need to have more taxes, not less, and we need the taxes we have, certainly, to provide services - for defense and education and health care. We should not cut money here in order to cut taxes.

  Michael Bloomberg

  Cutting, Care, Health Care

  Source: www.spiegel.de

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