Robert Reich
Robert Reich
Robert Bernard Reichis an American political commentator, professor, and author. He served in the administrations of Presidents Gerald Ford and Jimmy Carter and was Secretary of Labor under President Bill Clinton from 1993 to 1997...
NationalityAmerican
ProfessionEconomist
Date of Birth24 June 1946
CountryUnited States of America
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Yes, the rich will find ways to avoid paying more taxes, courtesy of clever accountants and tax attorneys. But this has always been the case, regardless of where the tax rate is set.
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As digital equipment replaces the jobs of routine workers and lower-level professionals, technicians are needed to install, monitor, repair, test, and upgrade all the equipment.
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Government subsidies to elite private universities take the form of tax deductions for people who make charitable contributions to them.
politics
If we give up on politics, we're done for. Powerlessness is a self-fulfilling prophesy.
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By the mid-1950s, more than a third of all America workers in the private sector were unionized. And the unions demanded and received a fair slice of the American pie.
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To get back to the kind of shared prosperity and upward mobility we once considered normal will require another era of fundamental reform, of both our economy and our democracy.
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Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans.
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We need a national infrastructure bank to rebuild our crumbling highways and water and sewer systems, thereby putting additional people back to work.
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As income from work has become more concentrated in America, the super rich have invested in businesses, real estate, art, and other assets. The income from these assets is now concentrating even faster than income from work.
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Our young people - their capacities to think, understand, investigate, and innovate - are America's future.
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Average working people need more fresh starts. Big corporations, banks, and Donald Trump need fewer.
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You might say those who can't repay their student debts shouldn't have borrowed in the first place. But they had no way of knowing just how bad the jobs market would become.
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America is one of few advanced nations that allow direct advertising of prescription drugs.
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Those at the top would do better with a smaller share of a booming economy that elicits a positive politics than they will do with an ever-larger share of an anemic economy that fuels the politics of anger.