During my 30 years on Wall Street, taxes on โunearned incomeโ have bounced up and down with regularity, and Iโve never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists.
Steven RattnerIndias rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities.
Steven RattnerConservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.
Steven RattnerSlapping a catchy acronym like the JOBS Act on a piece of legislation makes it more difficult for politicians to oppose it - and indeed that's what happened with the Jumpstart Our Business Startups Act.
Steven RattnerThe weak economy, widening income inequality, gridlock in Congress and a presidential election: Those were perhaps the dominant economic and political themes of 2012.
Steven RattnerNeither the George W. Bush nor the Obama administrations volunteered to bail out G.M., Chrysler and other parts of the auto sector. Both subscribed firmly to the longstanding American principle that government should resolutely avoid these kinds of interventions, particularly in the industrial sector.
Steven Rattner