On his controversial initiative "Opportunity NYC": "Now, you might say, 'why should we pay people for doing what they're supposed to do?' It's a fair… - Michael Bloomberg

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On his controversial initiative "Opportunity NYC": "Now, you might say, 'why should we pay people for doing what they're supposed to do?' It's a fair question -- but think of it this way. Every other anti-poverty program that's been tried has failed to get the national poverty rate below 11 percent. … Why shouldn't we experiment with a program built around the one strategy that has proven time and again to work wonders -- capitalism?"

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About Michael Bloomberg

Michael Bloomberg (born 14 February 1942) was elected Mayor of New York City in 2001. He ran for re-election in 2005 and won a second term. He was frequently mentioned as a possible independent candidate in the 2008 Presidential Election, but did not run.

Also Known As

Native Name: Michael Rubens Bloomberg
Alternative Names: Michael R. Bloomberg Mike Bloomberg Mike R. Bloomberg
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Additional quotes by Michael Bloomberg

Most people won't have opportunity to do full-time service, but those lucky enough to have monetary wealth or some spare time really can make an enormous difference. As someone who's now in the public sector, and is seeing up-close-and-personal the real impact of what we do and what we give, I can tell you: every dollar and every volunteer help, in more ways than you can count.

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