"You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn't work. And what's good theater and what's good politics isn't necessarily good economic policy."

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Thematic Reflection

This quotation examines the core nature of Action as articulated by Michael Bloomberg. Within historical and literary traditions, reflections on Action provide actionable mental models, challenging individuals to evaluate personal ethics, self-discipline, and daily actions.

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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