Quotes about income

A collection of quotes on the topic of income, people, tax, doing.

Quotes about income

José Baroja photo
Jigme Singye Wangchuck photo
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George Orwell photo
George Orwell photo
Adolf Hitler photo
George Orwell photo
George Orwell photo

“Whatever your income, always live below your means.”

Thomas J. Stanley (1944–2015) American businessman

Source: The Millionaire Next Door: The Surprising Secrets of Americas Wealthy

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“We love our habits more than our income, often more than our life.”

Bertrand Russell (1872–1970) logician, one of the first analytic philosophers and political activist

Source: Sceptical Essays

Barack Obama photo
Barack Obama photo

“Because what it turns out is, is that if a -- the best way for a country to reduce its debt is to grow really fast, and to generate more income.”

Barack Obama (1961) 44th President of the United States of America

2015, Town Hall meeting with Young Leaders of the Americas (April 2015)

Bertrand Russell photo
Bertrand Russell photo

“The State is a collection of officials, different for difference purposes, drawing comfortable incomes so long as the status quo is preserved. The only alteration they are likely to desire in the status quo is an increase of bureaucracy and the power of bureaucrats.”

Bertrand Russell (1872–1970) logician, one of the first analytic philosophers and political activist

Source: 1920s, Sceptical Essays (1928), Ch. 12: Free Thought and Official Propaganda http://books.google.com/books?id=9tQsg5ITfHsC&q=%22The+State+is+a+collection+of+officials+different+for+different+purposes+drawing+comfortable+incomes+so+long+as+the+status+quo+is+preserved+The+only+alteration+they+are+likely+to+desire+in+the+status+quo+is+an+increase+of+bureaucracy+and+the+power+of+bureaucrats%22&pg=PA134#v=onepage

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Hans-Hermann Hoppe photo

“According to the pronouncements of our state rulers and their intellectual bodyguards (of whom there are more than ever before), we are better protected and more secure than ever. We are supposedly protected from global warming and cooling, from the extinction of animals and plants, from the abuses of husbands and wives, parents and employers, from poverty, disease, disaster, ignorance, prejudice, racism, sexism, homophobia, and countless other public enemies and dangers. In fact, however, matters are strikingly different. In order to provide us with all this protection, the state managers expropriate more than 40 percent of the incomes of private producers year in and year out. Government debt and liabilities have increased without interruption, thus increasing the need for future expropriations. Owing to the substitution of government paper money for gold, financial insecurity has increased sharply, and we are continually robbed through currency depreciation. Every detail of private life, property, trade, and contract is regulated by ever higher mountains of laws legislation), thereby creating permanent legal uncertainty and moral hazard. In particular, we have been gradually stripped of the right to exclusion implied in the very concept of private property. … In short, the more the state has increased its expenditures on social security and public safety, the more our private property rights have been eroded, the more our property has been expropriated, confiscated, destroyed, or depreciated, and the more we have been deprived of the very foundation of all protection: economic independence, financial strength, and personal wealth.”

Hans-Hermann Hoppe (1949) Austrian school economist and libertarian anarcho-capitalist philosopher

"The Private Production of Defense" http://www.mises.org/journals/scholar/Hoppe.pdf (15 June 1999)

Benjamin Franklin photo

“Remember that time is money. He that can earn ten shillings a day by his labor, and goes abroad, or sits idle, one half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only expense; he has really spent, rather thrown away, five shillings, besides.
“Remember, that credit is money. If a man lets his money lie in my hands after it is due, he gives me interest, or so much as I can make of it during that time. This amounts to a considerable sum where a man has good and large credit, and makes good use of it.
“Remember, that money is of the prolific, generating nature. Money can beget money, and its offspring can beget more, and so on. Five shillings turned is six, turned again it is seven and three pence, and so on, till it becomes a hundred pounds. The more there is of it, the more it produces every turning, so that the profits rise quicker and quicker. He that kills a breeding sow, destroys all her offspring to the thousandth generation. He that murders a crown, destroys all that it might have produced, even scores of pounds.”
“Remember this saying, The good paymaster is lord of another man’s purse. He that is known to pay punctually and exactly to the time he promises, may at any time, and on any occasion, raise all the money his friends can spare. This is sometimes of great use. After industry and frugality, nothing contributes more to the raising of a young man in the world than punctuality and justice in all his dealings; therefore never keep borrowed money an hour beyond the time you promised, lest a disappointment shut up your friend’s purse for ever.
“The most trifling actions that affect a man’s credit are to be regarded. The sound of your hammer at five in the morning, or eight at night, heard by a creditor, makes him easy six months longer; but if he sees you at a billiard table, or hears your voice at a tavern, when you should be at work, he sends for his money the next day; demands it, before he can receive it, in a lump. ‘It shows, besides, that you are mindful of what you owe; it makes you appear a careful as well as an honest man, and that still increases your credit.’
“Beware of thinking all your own that you possess, and of living accordingly. It is a mistake that many people who have credit fall into. To prevent this, keep an exact account for some time both of your expenses and your income. If you take the pains at first to mention particulars, it will have this good effect: you will discover how wonderfully small, trifling expenses mount up to large sums, and will discern what might have been, and may for the future be saved, without occasioning any great inconvenience.
“For six pounds a year you may have the use of one hundred pounds, provided you are a man of known prudence and honesty.
“He that spends a groat a day idly, spends idly above six pounds a year, which is the price for the use of one hundred pounds.
“He that wastes idly a groat’s worth of his time per day, one day with another, wastes the privilege of using one hundred pounds each day.
“He that idly loses five shillings’ worth of time, loses five shillings, and might as prudently throw five shillings into the sea.
“He that loses five shillings, not only loses that sum, but all the advantage that might be made by turning it in dealing, which by the time that a young man becomes old, will amount to a considerable sum of money.””

Benjamin Franklin (1706–1790) American author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, …
Muhammad bin Qasim photo

“We have taller buildings but shorter tempers; wider freeways but narrower viewpoints; we spend more but have less; we buy more but enjoy it less; we have bigger houses and smaller families; more conveniences, yet less time; we have more degrees but less sense; more knowledge but less judgment; more experts, yet more problems; we have more gadgets but less satisfaction; more medicine, yet less wellness; we take more vitamins but see fewer results. We drink too much; smoke too much; spend too recklessly; laugh too little; drive too fast; get too angry; stay up too late; get up too tired; read too seldom; watch TV too much and pray too seldom.
We have multiplied our possessions, but reduced our values; we fly in faster planes to arrive there quicker, to do less and return sooner; we sign more contracts only to realize fewer profits; we talk too much; love too seldom and lie too often. We've learned how to make a living, but not a life; we've added years to life, not life to years. We've been all the way to the moon and back, but have trouble crossing the street to meet the new neighbor. We've conquered outer space, but not inner space; we've done larger things, but not better things; we've cleaned up the air, but polluted the soul; we've split the atom, but not our prejudice; we write more, but learn less; plan more, but accomplish less; we make faster planes, but longer lines; we learned to rush, but not to wait; we have more weapons, but less peace; higher incomes, but lower morals; more parties, but less fun; more food, but less appeasement; more acquaintances, but fewer friends; more effort, but less success. We build more computers to hold more information, to produce more copies than ever, but have less communication; drive smaller cars that have bigger problems; build larger factories that produce less. We've become long on quantity, but short on quality.
These are the times of fast foods and slow digestion; tall men, but short character; steep in profits, but shallow relationships. These are the times of world peace, but domestic warfare; more leisure and less fun; higher postage, but slower mail; more kinds of food, but less nutrition. These are the days of two incomes, but more divorces; these quick trips, disposable diapers, cartridge living, throw-away morality, one-night stands, overweight bodies and pills that do everything from cheer, to prevent, quiet or kill. It is a time when there is much in the show window and nothing in the stock room.”

"The Paradox of Our Age"; these statements were used in World Wide Web hoaxes which attributed them to various authors including George Carlin, a teen who had witnessed the Columbine High School massacre, the Dalai Lama and Anonymous; they are quoted in "The Paradox of Our Time" at Snopes.com http://www.snopes.com/politics/soapbox/paradox.asp
Words Aptly Spoken (1995)

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“If we could export more finished products instead of raw materials, we could become a middle-income country.”

Yoweri Museveni (1944) President of Uganda

Stressing the need for more economic growth during the Commonwealth Heads of Government Meeting (25 November 2007), as quoted in "Museveni enjoys summit limelight" http://news.bbc.co.uk/2/hi/africa/7111812.stm (25 November 2007), by Peter Biles, BBC News, United Kingdom: British Broadcasting Corporation
2000s

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“If you don't save something on your current income, you won't save anything on your future income.”

Zig Ziglar (1926–2012) American motivational speaker

See You at the Top (2000)

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“There are certain things - as, a spider, a ghost,
The income-tax, gout, an umbrella for three -
That I hate, but the thing that I hate the most
Is a thing they call the Sea.”

Lewis Carroll (1832–1898) English writer, logician, Anglican deacon and photographer

A Sea Dirge, st.1
Rhyme? and Reason? (1883)

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“International trade theory has, in my opinion, given far too much attention to the effects of certain variations, for example, in duties, on the national incomes, and too little to the effects on individual incomes. In many cases, changes in the sums count for very little, while changes in the individual incomes are distinctly relevant.”

Bertil Ohlin (1899–1979) Swedish economist and politician

Source: Interregional and international trade. (1933), p. 306 ; As cited in: Irwin, Douglas A. "Ohlin Versus Stolper-Samuelson." No. w7641. National bureau of economic research, 2000. p. 3.

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“Is a fixed income not a good thing? Does not everyone love to count on a sure thing? Especially every petty-bourgeois, narrow-minded Frenchman? the 'ever needy' man?”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

(1857/58)
Source: (Bastiat and Carey), pp. 809–810.

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“I believe in a graduated income tax on big fortunes, and in”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

1910s, The New Nationalism (1910)
Context: No man should receive a dollar unless that dollar has been fairly earned. Every dollar received should represent a dollar's worth of service rendered — not gambling in stocks, but service rendered. The really big fortune, the swollen fortune, by the mere fact of its size acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective — a graduated inheritance tax on big fortunes, properly safeguarded against evasion and increasing rapidly in amount with the size of the estate.

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“Everyone owes his country an obligation to work hard, create income, and pay taxes. A tax is an obligation every citizen owes his country if indeed such citizen wants to see their country develop.”

Hamis Kiggundu (1984) Ugandan business magnate, Internet entrepreneur, philanthropist, and author

Quoted from his book https://en.wikipedia.org/wiki/Success_and_Failure_Based_on_Reason_and_Reality, "Success and Failure Based on Reason and Reality" https://www.amazon.co.uk/SUCCESS-FAILURE-BASED-REASON-REALITY/dp/9970983903/
2018

Miley Cyrus photo
Ha-Joon Chang photo
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“Love the earth and sun and animals,
Despise riches, give alms to everyone that asks,
Stand up for the stupid and crazy,
Devote your income and labor to others…
And your very flesh shall be a great poem.”

Walt Whitman (1819–1892) American poet, essayist and journalist

From the Preface to the 1855 edition of <i>Leaves of Grass</i>
Context: This is what you shall do: Love the earth and sun and the animals, despise riches, give alms to every one that asks, stand up for the stupid and crazy, devote your income and labor to others, hate tyrants, argue not concerning God, have patience and indulgence toward the people, take off your hat to nothing known or unknown or to any man or number of men, go freely with powerful uneducated persons and with the young and with the mothers of families, read these leaves in the open air every season of every year of your life, re examine all you have been told at school or church or in any book, dismiss whatever insults your own soul, and your very flesh shall be a great poem and have the richest fluency not only in its words but in the silent lines of its lips and face and between the lashes of your eyes and in every motion and joint of your body. . . .
Context: This is what you shall do: Love the earth and sun and the animals, despise riches, give alms to every one that asks, stand up for the stupid and crazy, devote your income and labor to others, hate tyrants, argue not concerning God, have patience and indulgence toward the people, take off your hat to nothing known or unknown or to any man or number of men, go freely with powerful uneducated persons and with the young and with the mothers of families, read these leaves in the open air every season of every year of your life, re examine all you have been told at school or church or in any book, dismiss whatever insults your own soul, and your very flesh shall be a great poem and have the richest fluency not only in its words but in the silent lines of its lips and face and between the lashes of your eyes and in every motion and joint of your body.... The poet shall not spend his time in unneeded work. He shall know that the ground is always ready ploughed and manured.... others may not know it but he shall. He shall go directly to the creation. His trust shall master the trust of everything he touches.... and shall master all attachment.

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“The best measure of a man's honesty isn't his income tax return. It's the zero adjust on his bathroom scale.”

Arthur C. Clarke (1917–2008) British science fiction writer, science writer, inventor, undersea explorer, and television series host

As quoted in The Mammoth Book of Zingers, Quips, and One-Liners (2004) by Geoff Tibballs, p. 264
2000s and attributed from posthumous publications

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“The hardest thing in the world to understand is income taxes.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

Attributed by his friend Leo Mattersdorf, who also said that "From the time Professor Einstein came to this country until his death, I prepared his income tax returns and advised him on his tax problems." In a letter to Time magazine, 22 February 1963. See this post from The Quote Investigator http://quoteinvestigator.com/2011/03/07/einstein-income-taxes/#more-2031 for more background.
Attributed in posthumous publications

Will Rogers photo

“The income tax has made more liars out of the American people than golf has.”

Will Rogers (1879–1935) American humorist and entertainer

"Helping the Girls with their Income Taxes" <!-- p. 72 -->
The Illiterate Digest (1924)
Context: The income tax has made more liars out of the American people than golf has. Even when you make one out on the level, you don't know when it's through if you are a Crook or a Martyr.

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“All progress is based upon a universal innate desire on the part of every organism to live beyond its income.”

Life, xvi
The Note-Books of Samuel Butler (1912), Part I - Lord, What is Man?
Source: The Way of All Flesh

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“Income tax returns are the most imaginative fiction being written today.”

Herman Wouk (1915–2019) Pulitzer Prize-winning American author whose novels include The Caine Mutiny, The Winds of War and War and …
Ha-Joon Chang photo
Michael Pollan photo

“It is not the terrible occurrences that no one is spared, — a husband’s death, the moral ruin of a beloved child, long, torturing illness, or the shattering of a fondly nourished hope, — it is none of these that undermine the woman’s health and strength, but the little daily recurring, body and soul devouring care s. How many millions of good housewives have cooked and scrubbed their love of life away! How many have sacrificed their rosy checks and their dimples in domestic service, until they became wrinkled, withered, broken mummies. The everlasting question: ‘what shall I cook today,’ the ever recurring necessity of sweeping and dusting and scrubbing and dish-washing, is the steadily falling drop that slowly but surely wears out her body and mind. The cooking stove is the place where accounts are sadly balanced between income and expense, and where the most oppressing observations are made concerning the increased cost of living and the growing difficulty in making both ends meet. Upon the flaming altar where the pots are boiling, youth and freedom from care, beauty and light-heartedness are being sacrificed. In the old cook whose eyes are dim and whose back is bent with toil, no one would recognize the blushing bride of yore, beautiful, merry and modestly coquettish in the finery of her bridal garb.”

Dagobert von Gerhardt (1831–1910) German writer

To the ancients the hearth was sacred; beside the hearth they erected their lares and household-gods. Let us also hold the hearth sacred, where the conscientious German housewife slowly sacrifices her life, to keep the home comfortable, the table well supplied, and the family healthy."
"von Gerhardt, using the pen-name Gerhard von Amyntor in", A Commentary to the Book of Life. Quote taken from August Bebel, Woman and Socialism, Chapter X. Marriage as a Means of Support.

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“I must confess that I had expected the rigorous analysis of income taxation in the utilitarian manner to provide arguments for high tax rates. It has not done so.”

James Mirrlees (1936–2018) Scottish economist

Source: An exploration in the theory of optimum income taxation, 1971, p. 207

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“Ron Paul: What's happening is, there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out. So the people who get to use the money first which is created by the Federal Reserve system benefit. So the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before. Today, this country is in the middle of a recession for a lot of people… As long as we live beyond our means we are destined to live beneath our means. And we have lived beyond our means because we are financing a foreign policy that is so extravagant and beyond what we can control, as well as the spending here at home. And we're depending on the creation of money out of thin air, which is nothing more than debasement of the currency. It's counterfeit… So, if you want a healthy economy, you have to study monetary theory and figure out why it is that we're suffering. And everybody doesn't suffer equally, or this wouldn't be so bad. It's always the poor people -- those who are on retired incomes -- that suffer the most. But the politicians and those who get to use the money first, like the military industrial complex, they make a lot of money and they benefit from it.
John McCain: Everybody is paying taxes and wealth creates wealth. And the fact is that I would commend to your reading, Ron, "Wealth of Nations," because that's what this is all about. A vibrant economy creates wealth. People pay taxes. Revenues are at an all time high.”

Ron Paul (1935) American politician and physician

GOP debate, Dearborn, Michigan, October 9, 2007 http://www.freep.com/apps/pbcs.dll/article?AID=/20071009/NEWS02/71009073
2000s, 2006-2009

“The income tax is a much less effective tool for reducing inequalities than has often been thought.”

James Mirrlees (1936–2018) Scottish economist

Source: An exploration in the theory of optimum income taxation, 1971, p. 208

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“As people acquire more education, their expectations rise as to the amount of responsibility, authority, and income they receive.”

Rensis Likert (1903–1981) American statistician

Source: New patterns of management, (1961), p. 2

Anthony Trollope photo

“Several implications follow from Hayek's insights into the nature of capitalism.(a) The claim "I deserve my pretax income" is not generally true. Nor should the basic organization of property rules be based on considerations of moral desert. Hence, claims about desert have no standing in deciding whether taxation for the purpose of funding social insurance is just.
(b) The claim that people rocked by the viccisitudes of the market, or poor people generally, are getting what they deserve is also not generally true. To moralize people's misfortunes in this way is both ignorant and mean. Capitalism continuously and randomly pulls the rug out from under even the most prudent and diligent people. It is in principle impossible for even the most prudent to forsee all the market turns that could undo them. (If it were possible, then efficient socialist planning would be possible, too. But it isn't.)
(c) Capitalist markets are highly dynamic and volatile. This means that at any one time, lots of people are going under. Often, the consequences of this would be catastrophic, absent concerted intervention to avert the outcomes generated by markets. For example, the economist Amartya Sen has documented that sudden shifts in people's incomes (which are often due to market volatility), and not absolute food shortages, are a principal cause of famine.
(d) The volatility of capitalist markets creates a profound and urgent need for insurance, over and above the insurance needs people would have under more stable (but stagnant) economic systems. This need is increased also by the fact that capitalism inspires a love of personal independence, and hence brings about the smaller ("nuclear") family forms that alone are compatible with it. We no longer belong to vast tribes and clans. This sharply reduces the ability of individuals under capitalism to pool risks within families, and limits the claims they can effectively make on nonhousehold (extended) family members for assistance. To avoid or at least ameliorate disaster and disruption, people need to pool the risks of capitalism.”

Elizabeth S. Anderson (1959) professor of philosophy and womens' studies

How Not to Complain About Taxes (III): "I deserve my pretax income" http://left2right.typepad.com/main/2005/01/how_not_to_comp_1.html (January 26, 2005)

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