We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a small annual tax on the value of stocks and bonds, the major assets of the wealthy?
Robert ReichA leader is someone who steps back from the entire system and tries to build a more collaborative, more innovative system that will work over the long term.
Robert ReichWe need to expand Social Security to prevent the looming retirement crisis, and we can do it simply by asking billionaires to pay their fair share.
Robert ReichIf consumers don't have the wherewithal to spend because all the money's going to the top, and the people at the top only spend a very small fraction of what they earn, then the economy is almost inevitably destined to slow.
Robert Reich