Quote by Michael Bloomberg
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.
Summary
This quote emphasizes the necessity of balancing tax reforms and austerity measures to ensure economic viability and effectiveness. It suggests that while certain tax breaks for the wealthy must be eliminated, entitlement programs also need to be cut back. The quote cautions against prioritizing politics and theater over sound economic policies, suggesting that decisions in this realm must be guided by economic sensibility rather than electoral interests.
Topics
Politics
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