“We cannot continue. Our pension costs and health care costs for our employees are going to bankrupt this city.”
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You know, if you look back in the 1930s, the money went to infrastructure. The bridges, the municipal buildings, the roads, those were all built with stimulus money spent on infrastructure. This stimulus bill has fundamentally gone, started out with a $500 rebate check, remember. That went to buy flat-screen TVs made in China.
When you come in to court as a plaintiff or as a defendant, it is terribly important that you look up at the bench and feel that that person represents you and will understand you, that that person is reflective of our community and of our society.
When I came into office, people said, 'Billionaire? How do they live? What do they eat? How do they sleep?' Today, they see me on the subway coming uptown. A couple of people say hi, some people smile and nod. Some people just sleep. It's not an issue.
If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.
