Political Quotes

“It is thievery masked by a bogus economic argument that says the money will eventually find its way down to everybody else. That is not true. That has never been true. In fact, the opposite is often true. The billionaire class is sometimes referred to as sort of citizens of everywhere, right. They are global citizens. They globe-trot from homes in the United States and Europe and the islands. But that is also where their money ends up going as well. It used to be that the richest guy in your community was investing only in your community, but today, when we pad the pockets of the uberwealthy, that money either does not get spent or it ultimately gets delivered to investments that flow into economies all over the world. These tax cuts don't end up back in America. To the extent the money gets spent anywhere, it gets spent in international index funds. So the theory of the case--which has always been cover for simply delivering more and more excessive resources to the very, very wealthy--has never worked, but it works even less now when, in a global international economy, the very, very wealthy have options to invest in the United States or, often, for higher returns, invest somewhere else.”