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Quote by Michael Bloomberg

“We have reduced poverty in the world by 50% since the year 1970 - the number of people who go to bed hungry, the number of people that have to sleep without a roof over their heads, the number of people that are illiterate.The world is better.”

Quote by Michael Bloomberg

Author

Michael Bloomberg
Michael Bloomberg

Michael Bloomberg, born on February 14, 1942, is an American politician and businessman. He served as the Mayor of New York City, where he focused on improving city infrastructure, promoting economic development, and enhancing the quality of life for citizens. In the business world, Bloomberg has also made significant achievements, having founded and led Bloomberg L.P., one of the world's largest financial information companies. more

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“Higher minimum wages, full-employment programs, early-childhood education: Those kinds of programs are, by design, universal, but by definition, because they are helping folks who are in the worst economic situations, are most likely to disproportionately impact and benefit African Americans. They also have the benefit of being sellable to a majority of the body politic.”

“This is where I think policies do need to be somewhat race-specific, is making sure that institutions are not discriminatory. So you've got something like the FHA [Federal Housing Administration], which was on its face a universal program that involved a huge mechanism for wealth accumulation and people entering into the middle class.”