Political Quotes

“The marginal utility of that money in the billionaire's or megamillionaire's life is near zero--near zero. So if you are actually looking at the human side of the financial equation, are we not taking extremely important dollars that make an enormous difference in the lives of normal, regular people, scooping them up by the trillions--according to the graphs I showed--and delivering them to a crop of big corporations that already pay taxes too low and megamillionaires and billionaires who won't even notice the money. It won't change a thing in their lives. They can still buy a $90,000 purse for their wife. They can still buy the ninth house. They can still buy the 190-foot yacht, with its crew of 30 or 40 or 50, or whatever it is. Where is the benefit? You know, we talk about this as being a transfer of wealth from the poor or the middle class to the very rich, but it is really an evaporation of wealth because it is not going to make a difference to people who already have more money than they can spend for the rest of their lives. They couldn't spend it if they wanted to for the rest of their lives. So this additional thing, it is more like a trophy. It reminds me of when I was growing up. People were talking about F.D.R., recalling his Presidency, and talking about J.F.K. while he was President and shortly thereafter. I was alive during J.F.K.'s life. People used to say: Well, you know, the good thing about electing those rich people is that they are too rich to steal.…”