Managers Quotes
In his economic view, managers, accountants, attorneys, owners, shareholders, landlords, were all supported by the workers who have to support themselves and all the others.
The George W. Bush administration when they had a Republican-controlled Congress, had amended the tax laws to treat the earnings of the hedge fund managers differently from people who manage other enterprises in the nation. They gave a group of very wealthy managers whose earnings were already amongst the highest of any managers in the country a huge tax break, while little public attention was paid to the subtlety of complex tax laws. Daschle and others began to draw public attention to the inequity.
He was a strong opponent of communism (see {586209} and {586210}) but was also skeptical of unbridled capitalism.
In the older Communist economy companies, profit was not required so companies hired many workers to provide employment for as many as possible. Under the newer economic system companies had to become efficient and profitable. But old traditions die hard.