“The average income of blacks here is far higher than the average income of all the people in the Soviet Union. The official government definition of the poverty line in the U. S. is higher than the average income in the Soviet Union; it’s higher than the income received by 90 percent of the people on the world’s surface. Now, that doesn’t mean blacks aren’t subject to injustice; of course they are.”

“Interview with Milton Friedman”, Playboy magazine (Feb. 1973)

Adopted from Wikiquote. Last update Sept. 14, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The average income of blacks here is far higher than the average income of all the people in the Soviet Union. The offi…" by Milton Friedman?
Milton Friedman photo
Milton Friedman 158
American economist, statistician, and writer 1912–2006

Related quotes

Johan Norberg photo
Prasanta Chandra Mahalanobis photo
Milton Friedman photo

“Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The U. S. is now 45 percent socialist.”

Milton Friedman (1912–2006) American economist, statistician, and writer

Article "We Have Socialism, Q.E.D." http://www.sangam.org/taraki/articles/2006/11-25_Friedman_MGR.php?uid=2075 in The New York Times (31 December 1989)

“While Babe Ruth's $80,000 in 1930 was eighty times the average U. S. income, Don Mattingly's $3.4 million in 1991 was 160 times the average.”

Andrew Zimbalist (1947) American economist

Source: Baseball And Billions - Updated edition - (1992), Chapter 4, Player Performance And Salaries, p. 77.

Nicholas Barr photo

“The European Commission uses an explicit relative poverty line of 60 per cent of national average income.”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 6, Problems Of Definition And Measurement, p. 132

“How is it that the average CEO in Japan receives an annual income of $300,000 while the average CEO in the United States earns $2.8 million?”

Andrew Zimbalist (1947) American economist

Source: Baseball And Billions - Updated edition - (1992), Chapter 4, Player Performance And Salaries, p. 78.

Warren Farrell photo

“A person working 45 hours per week averages 44% more income than someone working 40 hours per week. That’s 44% more income for 13% more time.”

Warren Farrell (1943) author, spokesperson, expert witness, political candidate

Source: Why Men Earn More (2005), p. xviii.

George Orwell photo
John F. Kennedy photo

“A tax cut means higher family income and higher business profits and a balanced federal budget…. As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: "Radio and Television Address to the Nation on the Test Ban Treaty and the Tax Reduction Bill" (18 September 1963) http://www.presidency.ucsb.edu/ws/?pid=9413

Related topics