Nobody is going to delegate a lot of power to a secretary that they cant control. – Michael Bloomberg
If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretarys. In fact a very small percentage of people in this country pay a big chunk of the taxes. – Michael Bloomberg
I dont believe that government is good at picking technology, particularly technology that is changing. By the time you get it done and go through democracy, its so outdated. – Michael Bloomberg
The public is upset. If they havent lost their job, they know somebody that has. If they havent lost their house, they know somebody that has. What do you do? When somethings wrong, its governments job to fix it, it must be government thats responsible for causing it. – Michael Bloomberg
No punishment has ever possessed enough power of deterrence to prevent the commission of crimes. On the contrary, whatever the punishment, once a specific crime has appeared for the first time, its reappearance is more likely than its initial emergence could ever have been. – Hannah Arendt