"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."

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Insight & Reflection

This reflection on money by Michael Bloomberg resonates across generations. It highlights a fundamental truth about human nature: our continuous search for meaning in money is what ultimately defines our character and our path forward.

About Michael Bloomberg

Michael Rubens Bloomberg is an American businessman and politician. He is the majority owner and co-founder of Bloomberg L.P., and was its CEO from 1981 to 2001, and again from 2014 to 2023. He served as the 109th mayor of New York City from 2002 to 2013. He was a lifelong Democrat until 2001, when he switched to the Republican Party to run for mayor, and later becoming an Independent in 2007. Bloomberg is the most recent mayor of New York City to serve as a Republican or Independent. In 2018, he rejoined the Democratic Party, after which he ran an unsuccessful campaign for the 2020 Democratic nomination for president of the United States. Bloomberg is a centibillionaire, worth $109.4 billion as of March 2026, making him the 18th richest person in the world.

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Editorial Note: This quote is curated and fact-checked by the Quotes Archive Editorial Team. Verified Literature Specialist.

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"What goes on in Europe concerns us greatly because, if Europe comes apart, the E.U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age."

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"And I keep saying, whether you like the president or not, everybody has to pull together and help the president because, as the president goes, so goes the country, as the country goes, so goes your job, your ability to feed your family, your government."

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"Money is the worst currency that ever grew among mankind. This sacks cities, this drives men from their homes, this teaches and corrupts the worthiest minds to turn base deeds."

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