In 1975, Congress passed a law requiring fuel efficiency standards to double over 10 years, with incremental targets that auto manufacturers were required to meet. That was the responsible approach, and it worked. But since 1985, we've done nothing - even as technology has moved at light speed.
Michael BloombergI've always thought if we don't want to enforce laws on the books, we should remove them from the books. But when you have laws, you breed contempt if you don't enforce them.
Michael BloombergThe estate taxes, on balance, are good. They get people to give money to charity, and they prevent these family dynasties which keep other people from having opportunities. It may be good for a family, but for society it's probably not good. And I've always been in favor of having an estate tax.
Michael BloombergTo a contrarian like me, constant advice not to do something almost always starts me quickly down the risky, unpopular path.
Michael BloombergAfter hard work, the biggest determinant is being in the right place at the right time.
Michael Bloomberg