Quotes about income (532 quotes, page 2)

“As to the Income Tax, my opinion is that the needful revenue would be fairly and most fairly raised if paid by property, and by individuals in proportion to their property…A Property Tax should be an assessment upon all land and buildings, and canals and railroads, but not on property such as machinery, stock in trade, etc. The aristocracy have squeezed all they can out of the mass of the consumers, and now they lay their daring hands on those not wholly impoverished.”

John Bright (1811–1889) British Radical and Liberal statesman

Letter to his sister Margaret on Sir Robert Peel's budget (1842), quoted in G. M. Trevelyan, The Life of John Bright (London: Constable, 1913), pp. 72-73.
1840s

“We know what we want to do as a Conservative Party. There are two ways to run a country. One is towards Socialist Marxism and the other is to a free society. The more you have nationalisation and the more the State takes choice away from the people, the further you are going to the total Socialist Marxist society. The more you do that, the more you relinquish your freedom and income to the State.”

Margaret Thatcher (1925–2013) British stateswoman and politician

Speech to Taunton Conservatives (20 February 1976) https://www.margaretthatcher.org/document/102833
Leader of the Opposition

People , Way , Freedom , Country

“I now say that the world has the technology – either available or well advanced in the research pipeline – to feed on a sustainable basis a population of 10 billion people. The more pertinent question today is whether farmers and ranchers will be permitted to use this new technology? While the affluent nations can certainly afford to adopt ultra low-risk positions, and pay more for food produced by the so-called “organic” methods, the one billion chronically undernourished people of the low income, food-deficit nations cannot.”

Norman Borlaug (1914–2009) American biologist

30th Anniversary Lecture, The Norwegian Nobel Institute, Oslo, September 8, 2000; Quoted in: Ronald Bailey (2002) Global warming and other eco-myths. p. 59

People , World , Food , Question

“Mrs Hickmann was inclined to forgive Patrick the apparent purposelessness of his life and the sinister pallor of his complexion, when she considered that he has an income of one hundred thousand pounds a year, and came from a family which, although it had done nothing since, had seen the Norman invasion from the winning side.”

Edward St. Aubyn (1960) British writer

Bad News, Chapter 1

Life , Family , Forgiveness

“It was the FLP that was committed to reducing the cost of doing business and started by lowering the cost of utilities, and requested the commercial banks and lending organizations to reduce their fees, charges and interest rates. The FLP also moved to reduce public expenditure, which saw a saving of $96 million in its year in office. It was also the FLP, which lowered interest in Housing Authority home loans from 12 per cent to 6 per cent for those on lower incomes. It was the aggregate effect of this and a range of other measures of tight fiscal control, investment in key growth areas and a firm hand on curbing corruption that saw the economy record an unprecedented growth of 9.6% in 1999.”

Mahendra Chaudhry (1942) Fijian politician

Reaction to Prime Minister Laisenia Qarase's address to the Fiji Employers Federation in Nadi, 4 September 2005

Home , Business , Housing

“In 1897, Italian economist Vilfredo Pareto (1848-1923) noticed a regular pattern in distributions of wealth or income, no matter the country or time period concerned. He found that the distribution was extremely skewed toward the top end: A small minority of the top earners always accounted for a large majority of the total wealth. The pattern was so reliable that Pareto was eventually able to predict the distribution of income accurately before looking at the data.
Pareto was greatly excited by his discovery, which he rightly believed was of enormous importance not just to economics but to society as well. But he managed to enthuse only a few fellow economists….
Pareto's idea became widely known only when Joseph Moses Juran, one of the gurus of the quality movement in the twentieth century, renamed it the "Rule of the Vital Few." In his 1951 tome The Quality Control Handbook, which became hugely influential in Japan and later in the West, Juran separated the "vital few" from the "trivial many," showing how problems in quality could be largely eliminated, cheaply and quickly, by focusing on the vital few causes of these problems. Juran, who moved to Japan in 1954, taught executives there to improve quality and product design while incorporating American business practices into their own companies. Thanks to this new attention to quality control, between 1957 and 1989, Japan grew faster than any other industrial economy.”

Richard Koch (1950) German medical historian and internist

Introduction
The 80/20 Individual (2003)

Idea , Business , Problem , Time

“The non-institutional elements of Bretton Woods, such as the gold-backed dollar standard, have gone by the wayside, but the World Bank and the IMF soldier on… Western governments tax their citizens to fund the World Bank, lend this money to corrupt Third World dictators who abscond with the funds, and then demand repayment which is extracted through taxation from poor Third World citizens, rather than from the government officials responsible for the embezzlement. It is in essence a global transfer of wealth from the poor to the rich. Taxpayers around the world are forced to subsidize the lavish lifestyles of Third World dictators and highly-paid World Bank bureaucrats who don't even pay income tax.”

Ron Paul (1935) American politician and physician

World Bank Hearing, May 22, 2007 http://www.house.gov/paul/congrec/congrec2007/cr052307.htm http://www.youtube.com/watch?v=qNZdba8hDDY
2000s, 2006-2009

Money , World , Wealth

“When I have contemplated these adjustments of business and editorial policy, it has always seemed to me that American newspapers are peculiarly representative of the practical idealism of our country. Quite recently the construction of a revenue statute resulted in giving publicity to some highly interesting facts about incomes. It must have been observed that nearly all the newspapers published these interesting facts in their news columns, while very many of them protested in their editorial columns that such publicity was a bad policy. Yet this was not inconsistent. I am referring to the incident by way of illustrating what I just said about the newspapers representing the practical idealism of America. As practical newsmen they printed the facts. As editorial idealists they protested that there ought to be no such facts available.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, The Press Under a Free Government (1925)

Way , Business , Country

“We're always told that we need to amnesty illegals to shore up Social Security. How, exactly, are people who make so little money that they don't pay income taxes going to save Social Security?”

Ann Coulter (1961) author, political commentator

2015, Adios, America: The Left's Plan to Turn Our Country into a Third World Hellhole (2015)

Money , People

“Whenever social costs are shifted onto economically and politically weaker sections of society without compensation, a redistribution of the costs of production, hence real income is involved.”

Karl William Kapp (1910–1976) American economist

Knapp, 1972 cited in: Sebastian Berger and Mathew Forstater (2007) "Toward a Political Institutionalist Economics: Kapp’s Social Costs, Lowe’s Instrumental Analysis, and the European Institutionalist Approach to Environmental Policy". In: Journal of Economic Issues. Vol.XLI, No.2, June 2007. p. 539

“I think that repealing or doing away with the corporate income tax is simply getting us back to where we were. We need to understand that the corporate income tax is a double tax, that we all own the corporations and that when income gets distributed to us we pay the tax on that. So we have the highest corporate income tax in the world right now, let's abolish it, let's make it the way that it was to begin with, and that will literally create tens of millions of jobs overnight because this country will be the only place to establish, grow, nurture business. Why won't that happen?”

Gary Johnson (1953) American politician, businessman, and 29th Governor of New Mexico

Statement at FOX News Debate
YouTube
2011-05-05
http://youtu.be/QRPrZxHUqsA
2012-02-24
Economic Policy

World , Way , Understanding , Business

“This priesthood became a closed group, able to control enormous wealth and incomes, and concerned very largely with the study of the solar and astronomical periodicities on which there influence was originally based. With the surplus thus created, the priesthood was able to command human labor in huge amounts and to direct this labor from the simple tillage of the peasant peoples to the diversified and specialized activities that constitute civilized living.”

Carroll Quigley (1910–1977) American historian

Source: The Evolution of Civilizations (1961) (Second Edition 1979), Chapter 7, Mesopotamian Civilization, p. 213

People , Study , Wealth

“George Fentiman: What’s the damn good of it, Wimsey? A man goes and fights for his country, gets his inside gassed out, and loses his job, and all they give him is the privilege of marching past the Cenotaph once a year and paying four shillings in the pound income-tax.”

Dorothy L. Sayers (1893–1957) English crime writer, playwright, essayist and Christian writer

The Unpleasantness at The Bellona Club (1928)

Past , Fight , Country

“How do wealth-income and capital-output ratios evolve in the long run, and why? Until recently it was difficult to properly address this question, for one simple reason: national accounts were mostly about ﬂows, not stocks. Economists had at their disposal a large body of historical series on ﬂows of output, income and consumption – but limited data on stocks of assets and liabilities. When needed, for example for growth accounting exercises, estimates of capital stocks were typically obtained by cumulating past ﬂows of saving and investment. This is ﬁne for some purposes, but severely limits the set of questions one can ask.”

Thomas Piketty (1971) French economist

Piketty, Thomas, and Gabriel Zucman. Capital is back: Wealth-income ratios in rich countries, 1700-2010 http://piketty.pse.ens.fr/files/PikettyZucman2013WP.pdf. Centre for Economic Policy Research, 2013.

Exercises , Question , Past , Wealth

“I didn’t inherit my job or my income, and I worked to get where I am. Given the economy, there’s no retirement in sight, and I’m tired. Very tired.”

Robert A. Hall (1946) American politician

I'm Tired (February 19, 2009)

“I find it amazing now that my first economics class, taught by Alan Sweezy, used John Maynard Keynes’s General Theory of Income and Employment as the textbook. Although this book is one of the most influential works of the twentieth century, it makes a really lousy textbook. Moreover, since I now regard Keynes’s analysis as seriously flawed, it is surprising that I enjoyed the course so much. As a student, I appreciated the simple way that the Keynesian model explained the workings and failings of the overall economy. Especially appealing were the clever policy remedies, such as increased government spending and tax cuts, that Keynes recommended to combat unemployment. Too bad that I discovered later that the model was theoretically and empirically deficient!”

Robert Barro (1944) American classical macroeconomist

Source: Nothing Is Sacred (2002), p. xiii

Books , Way

“The goal of the Libertarian Party is to get rid of big government, not find new ways of financing it. The most direct and effective way of ridding ourselves of the hundreds of federal programs intruding on our liberty is to cut off the means of funding them. Harry Browne said it best: “Abolish the income tax and replace it with nothing!””

R. Lee Wrights (1958–2017) American gubernatorial candidate

2012, " The Fair Tax Isn't Fair, It's a Farce http://www.libertyforall.net/?p=7101"

Way

“On the 60th anniversary of the Korean War, I remain grateful to America for having participated in the war. At that time, the Republic of Korea was one of the most impoverished countries, with an annual per capita income of less than $40. In 2009, my country became a member of the Organization for Economic Cooperation and Development's Development Assistance Committee, the first aid recipient to become a donor and in only one generation. The Republic of Korea is engaged in peacekeeping missions in 14 countries to promote global peace. It will host the G-20 summit in November, and in 2012 the second nuclear security summit.”

Lee Myung-bak (1941) 10th President of South Korea

A Note of Thanks (2010)

War , Peace , Time , Country

“I am too sick to work and haven't money enough to last 2 months and pay income tax. I want to keep going but do not see quite how, and there is no alternative - rather than justify my mother's 25-year dread of my "coming back on her, sick", I must kill myself. If she has to pay funeral costs, at least she will cut them to the bone and I will not be here to endure her martyrdom and prolong it by living.”

Rose Wilder Lane (1886–1968) American journalist

Diary (sick and depressed) (December 9, 1933).

Money

“This society in which knowledge workers dominate is in danger of a new "class conflict" between the large minority of knowledge workers and the majority of workers who will make their livings through traditional ways, either by manual work… or by service work. The productivity of knowledge work - still abysmally low - will predictably become the economic challenge of the knowledge society. On it will depend the ability of the knowledge society to give decent incomes, and with them dignity and status, to non knowledge people.”

Peter F. Drucker (1909–2005) American business consultant

Source: 1990s and later, Managing in a Time of Great Change (1995), p. 205

People , Way , Knowledge , Dependency

“Income inequality is increasing, and you might ask yourself: 'Why is that?' Well, that's what income does.”

Jordan Peterson (1962) Canadian clinical psychologist, cultural critic, and professor of psychology

“In spite of the growing differences of income, the ever-increasing concentration of capital and the steady increase of the proletariat, in a word, in spite of the growing opposition between classes, there is everywhere a certain social levelling that, at last, puts a definite end to the privileges of birth. This is the last stage of the trend towards the abolition of social distinctions which had been going on since the days of hereditary monarchy and authoritarian priesthood. The decisive step was due to the Sophists, who invented the completely new rationalistic conception of areté, independent of birth and breeding, to which every Greek without exception could attain. The next step in this levelling is taken by the Stoics, who first enunciated standards of human value that are free from all tinge of race and nationality. The Stoics’ freedom from national prejudice merely expressed a state of affairs already achieved in the kingdoms of Alexander’s successors, just as the liberalism of the Sophists is merely a reflection of the social conditions due to the rise of the commercial and industrial bourgeoisie of the cities.”

Arnold Hauser (1892–1978) Hungarian art historian

The Social History of Art, Volume I. From Prehistoric Times to the Middle Ages, 1999, Chapter III. Greece and Rome

Birth , Decision , Freedom

“There are few sorrows, however poignant, in which a good income is of no avail.”

Logan Pearsall Smith (1865–1946) British American-born writer

Life and Human Nature.
Afterthoughts (1931)

“With the enactment of the Income Tax Law of 1913, the Federal Government began to apply effectively the widely accepted principle that taxes should be levied in proportion to ability to pay and in proportion to the benefits received. Income was wisely chosen as the measure of benefits and of ability to pay. This was, and still is, a wholesome guide for national policy. It should be retained as the governing principle of Federal taxation. The use of other forms of taxes is often justifiable, particularly for temporary periods; but taxation according to income is the most effective instrument yet devised to obtain just contribution from those best able to bear it and to avoid placing onerous burdens upon the mass of our people.”

Franklin D. Roosevelt (1882–1945) 32nd President of the United States

1930s, Message to Congress on tax revision (1935)

People , Law

“In California, the entire net income of its grant California Lotto has been exclusively earmarked for its schools.”

Francis Escudero (1969) Filipino politician

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

School

“The essential measure of the success of the economy is not production and consumption at all, but the nature, extent, quality, and complexity of the total capital stock, including in this the state of the human bodies and minds included in the system. In the spaceman economy, what we are primarily concerned with is stock maintenance, and any technological change which results in the maintenance of a given total stock with a lessened throughput (that is, less production and consumption) is clearly a gain. This idea that both production and consumption are bad things rather than good things is very strange to economists, who have been obsessed with tile income-flow concepts to the exclusion, almost, of capital-stock concepts.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1960s, The Economics of the Coming Spaceship Earth, 1966, p. 9-10 as cited in: Mark W. W. McElroy, J.M.L. M. L. van van Engelen (2012) Corporate Sustainability Management.

Idea , Nature , Change , Success

“The party first makes a correct return to the best of his ability but is considered to be a simpleton and fool. His word or explanations are not accepted or are looked upon with suspicion by the Assessing Authority, who may be his inferior perhaps in status. Arbitrary and unwarranted deductions are made and the poor party is unfairly over-assessed without hope of getting any proper relief. If he appeals the Superior Officer supports his subordinate and it may take years, expense and the ruling of a High Court to see that Justice is done. So what can be the result in such a case? At the next encounter you may be sure the party will be ready to match his skill against his instigator and to throw as many red herrings as he can on the trail. It will now require all the subtlety, knowledge and acumen of the authorities to arrive at the proper conclusion, and failure is generally the result. Lakhs of rupees of Income Tax dues remain outstanding and years of litigation follow and eventually the Tax is time-barred and non recoverable.”

Peter de Noronha (1897–1970) Indian businessman

The Pageant of Life (1964), On Income Tax

Justice , Hope , Fools , Failure

“I'm living so far beyond my income that we may almost be said to be living apart.”

Saki (1870–1916) British writer

The Unbearable Bassington http://books.google.com/books?id=xOXizk60YroC&q="I'm+living+so+far+beyond+my+income+that+we+may+almost+be+said+to+be+living+apart"&pg=PA59#v=onepage (1912)

“Why are you so afraid of the word 'Fascism,' Doremus? Just a word—just a word! And might not be so bad, with all the lazy bums we got panhandling relief nowadays, and living on my income tax and yours—not so worse to have a real Strong Man, like Hitler or Mussolini—like Napoleon or Bismarck in the good old days—and have 'em really run the country and make it efficient and prosperous again. 'Nother words, have a doctor who won't take any back-chat, but really boss the patient and make him get well whether he likes it or not!”

Sinclair Lewis book It Can't Happen Here

It Can't Happen Here (1935)

Strong , Country

“Communism as an ideology had been passionately committed to women's equality and liberation, in every sense including the erotic, in spite of Lenin's own dislike of casual sexual promiscuity. (However, both Krupskaya and Lenin were among the rare revolutionaries who specifically favored the sharing of housework between the sexes)…Yet, with rather rare exceptions…they were not prominent in the first political ranks of their parties, or indeed at all, and in the new communist-governed states they became even less visible. Indeed, women in leading political functions virtually disappeared…When women streamed into a profession opened to them, as in the U. S. S. R., where the medical profession became largely feminized in consequence, it lost status and income. As against Western feminists, most married Soviet women, long used to a lifetime of paid work, dreamed of the luxury of staying at home and doing only one job…whatever the achievements and failures of the socialist world, it did not generate specifically feminist movements, and could indeed hardly have done so, given the virtual impossibility of any political initiatives not sponsored by state and party before the mid-1980s”

Eric Hobsbawm book The Age of Extremes

The Age of Extremes (1992)

Women , World , Dreams , Sex

“The double reservoir at the top shows the amount of money in the hands of individuals and available for expenditure in consumption. This is what we have previously called the consumers' fund. The reservoir is divided into two parts in order graphically to represent the fact that a large part of the money received by individuals is income, most of which is spent in consumption; while a smaller part is money received from the sale of real estate, bonds and stocks, most of which is reinvested. The two parts of the reservoir, however, are connected with pipes, in order to take account of the fact that some income is invested and some money received from the sale of securities is spent in consumption. These connecting pipes are important. We must bear in mind that they are always partly, and never wholly, clogged. By their aid, we may visualize the fact that we have no means of knowing how much of the consumers' fund actually will be spent in consumption in any given period of time.”

William Trufant Foster (1879–1950) American economist

Source: The circuit flow of money, 1922, p. 264

Money , Time , Parting

“When I ventured to criticise, the other day, this system I was, I am afraid, misunderstood. As a Conservative, I am naturally in favour of returning into private ownership and private management all those means of production and distribution which are now controlled by state capitalism. I am sure they will be more efficient. What I ventured to question was the using of these huge sums as if they were income.

I know now, I have learnt now from the letters that I have received, that I am quite out of date. Modern economists have decided there is no difference between capital and income. I am not so sure. In my younger days, I and perhaps others of your Lordships had friends, good friends, very good fellows indeed too, who failed to make this distinction. For a few years everything went on very well, and then at last the crash came, and they were forced to retire out to some dingy lodging-house in Boulogne, or if the estate were larger and the trustees more generous, to a decent accommodation at Baden-Baden.”

Harold Macmillan (1894–1986) British politician

Hansard, House of Lords, 5th series, vol. 468, cols. 390-1.
Speech in the House of Lords, 14 November 1985.
1980s

Question , Nature , Housing

“One is either a German or a Christian. You cannot be both… We don’t want people who keep one eye on the life in the hereafter. We need free men who feel and know that God is in themselves… Do you really believe the masses will ever be Christian again? Nonsense! Never again. That tale is finished… They will betray their God to us. They will betray anything for the sake of their miserable little jobs and incomes.”

Hermann Rauschning (1887–1982) German politician

Source: The Voice of Destruction (1940), pp. 49-50

Life , Men , God , People

“I started out my political life as a bedwetting liberal. Young, idealistic — and dumb. Then I started paying income taxes. Thankfully I realized sooner than most the difference between what I earn and my "take-home" pay. For a few years I guess you could have called me a conservative. I was troubled, though, by the penchant conservatives have for directing the social lives of people. That led me straight to the libertarian philosophy. Simply put, I believe in freedom. I believe the Constitution should be amended with a clause which states that neither the federal nor any state government shall make any activity that does not violate, through force or fraud, a persons right to life, liberty or property, a crime. I firmly believe that if liberty is to be preserved in America, it will be libertarian thought, if not the Libertarian Party, that saves it.”

Neal Boortz (1945) American author, journalist, and radio host

Life , People , Home , Fraud

“If somebody prefers an income distribution more favorable to the poor for the sole reason that he is poor himself, this can hardly be considered as a genuine value judgment on social welfare.”

John Harsanyi (1920–2000) hungarian economist

Harsanyi, J. C. (1953). "Cardinal Utility in Welfare Economics and in the Theory of Risk-taking". J. Polit. Economy 61 (5): p. 434

“The bumping of lower-quality men out of their marriages through competitive reductions in the incomes of higher-quality men continues until the incomes of the lowest quality men are reduced to their single levels.”

Gary S. Becker book A Treatise on the Family

Source: A Treatise on the Family, 1981, p. 79

Men , Marriage

“Nothing is more certain than that whatever has to court public favor for its support will sooner or later be prostituted to utilitarian ends. The educational institutions of the United States afford a striking demonstration of this truth. Virtually without exception, liberal education, that is to say, education centered about ideas and ideals, has fared best in those institutions which draw their income from private sources. They have been able … to insist that education be not entirely a means for breadwinning. This means that they have been relatively free to promote pure knowledge and the training of the mind. … In state institutions, always at the mercy of elected bodies and of the public generally, and under obligation to show practical fruits for their expenditure of money, the movement toward specialism and vocationalism has been irresistible. They have never been able to say that they will do what they will with their own because their own is not private. It seems fair to say that the opposite of the private is the prostitute.”

Richard M. Weaver (1910–1963) American scholar

Source: Ideas have Consequences (1948), pp. 136-137.

Money , Truth , Education , Idea

“If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter III, The Investor and His Advisers, p. 45

Money , Training

“The welfare of a nation can scarcely be inferred from a measurement of national income.”

Simon Kuznets (1901–1985) economist

Simon Kuznets in report to the Congress, 1934; Cited in: Gernot Kohler, ‎Emilio José Chaves (2003) Globalization: Critical Perspectives. p. 336

“Is the Minister aware that he is getting a reputation for being a parsimonious philistine, and that he ought to give an undertaking that any income that library services choose to get from the lending of tapes or whatever else will not be taken away by loss of income support for the local authority from the Exchequer? Would it not be better if all library services of all sorts were declared free, for the benefit of everybody? That would be better than this creeping privatisation and creeping charging in the library service that the Minister seems to be encouraging.”

Jeremy Corbyn (1949) British Labour Party politician

Question http://hansard.millbanksystems.com/commons/1989/feb/08/public-libraries in the House of Commons (8 February 1989).
1980s

Support , Loss

“I felt I wanted to talk about the Fed’s mission, and I wanted to do so in understandable terms, and to emphasize that unemployment is part of our mission. The recession has taken a particularly heavy toll on those who have less education and income—middle-income and low-income families—and the Fed’s concern with the job market is a theme I’ve wanted to get across. Why are we doing all these things that are in the newspapers all the time? I was trying to explain that we’re doing this to help American families who are struggling in the aftermath of the Great Recession.”

Janet Yellen (1946) American economist and professor

The Hand on the Lever (2014)

Education , Family , Understanding , Time

“I think of the good, decent, peace-loving people I have known by the thousands, and I wonder. How many of them are so afflicted with the wasting disease of normalcy that, even as they declare for the peace, their hands reach out with an instinctive spasm… in the direction of their comforts, their home, their security, their income, their future, their plans—that five-year plan of studies, that ten-year plan of professional status, that twenty-year plan of family growth and unity, that fifty-year plan of decent life and honorable natural demise. “Of course, let us have the peace,” we cry, “but at the same time let us have normalcy, let us lose nothing, let our lives stand intact, let us know neither prison nor ill repute nor disruption of ties.” And because we must encompass this and protect that, and because at all costs—at all costs—our hopes must march on schedule, and because it is unheard of that in the name of peace a sword should fall, disjoining that fine and cunning web that our lives have woven, because it is unheard of that good men should suffer injustice or families be sundered or good repute be lost—because of this we cry peace and cry peace, and there is no peace. There is no peace because there are no peacemakers. There are no makers of peace because the making of peace is at least as costly as the making of war—at least as exigent, at least as disruptive, at least as liable to bring disgrace and prison and death in its wake.”

Daniel Berrigan (1921–2016) American Catholic priest, peace activist, and poet

No Bars to Manhood (1971), p. 49.

Love , Life , Death , Men

“Scientific treatment of the subject of currency is impossible without some form of the quantity theory … but the quantity theory by itself is inadequate, and it leads up to the method of treatment based on what I have called the consumers’ income and the consumers’ outlay – that is to say, simply the aggregates of individual incomes and individual expenditures.”

Ralph George Hawtrey (1879–1975) British economist

Source: Currency and Credit (1919), p. v

“It would seem the incoming Trump administration plans to handle its affairs — domestic and foreign — in a manner that meets the dictionary definition of a “rogue state” as one “that conducts its policy in a dangerously unpredictable way.””

Dana Milbank (1968) American journalist

Trump’s one consistent policy: Chaos https://www.washingtonpost.com/opinions/trumps-one-consistent-policy-chaos/2016/12/06/f1a5a5ae-bbf7-11e6-91ee-1adddfe36cbe_story.html?utm_term=.f664c9ebc888, The Washington Post (December 6, 2016)

Way

“For both long and short periods there is a consistent though not precise relation between the rate of growth of the quantity of money and the rate of growth of nominal income. If the quantity of money grows rapidly, so will nominal income, and conversely. The relation is much closer for long than for short periods”

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

Source: Money Mischief (1992), Ch. 2 The Mystery of Money

Money

“Yeah, the good news about the move to abolish the death tax, the tax where they come and look at how much money you've got when you die, how much gold is in your teeth and they want half of it, is that — you're right, there's an exemption for — I don't know — maybe a million dollars now, and it's scheduled to go up a little bit. However, 70 percent of the American people want to abolish that tax. Congress, the House and Senate, have three times voted to abolish it. The president supports abolishing it, so that tax is going to be abolished. I think it speaks very much to the health of the nation that 70-plus percent of Americans want to abolish the death tax, because they see it as fundamentally unjust. The argument that some who played at the politics of hate and envy and class division will say, 'Yes, well, that's only 2 percent,' or as people get richer 5 percent in the near future of Americans likely to have to pay that tax. I mean, that's the morality of the Holocaust. 'Well, it's only a small percentage,' you know. 'I mean, it's not you, it's somebody else.' And this country, people who may not make earning a lot of money the centerpiece of their lives, they may have other things to focus on, they just say it's not just. If you've paid taxes on your income once, the government should leave you alone. Shouldn't come back and try and tax you again.”

Grover Norquist (1956) Conservative Lobbyist

interview with NPR's Terry Gross on the program Fresh Air, October 2, 2003.
2003

Death , Money , Hate , People

“Unless the countries of East Asia are very different, rising incomes and the weakening of extended family ties will lead to demands for rising social expenditure.”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 358

Family , Country

“What we have seen is that while the average person is working longer hours for lower wages, we have seen a huge increase in income and wealth inequality, which is now reaching obscene levels. This is a rigged economy, which works for the rich and the powerful, and is not working for ordinary Americans … You know, this country just does not belong to a handful of billionaires.”

Bernie Sanders (1941) American politician, senator for Vermont

[Staff, Bernie Sanders confirms presidential run and damns America's inequities, http://www.theguardian.com/us-news/2015/apr/30/bernie-sanders-confirms-presidential-run-and-damns-americas-inequities, 29 April 2015, the Guardian, 2 May 2015]
2010s, 2015

Personality , Country , Wealth

“I am sure that a definite limit exists to the degree of equality which is desirable. We do not want complete equality of incomes, since extra responsibility and exceptional talent require and deserve a differential reward. We are not hostile, as our opponents sometimes foolishly suggest, to 'detached residences in Bournemouth where some elderly woman has obviously more than a thousand a year'. I do not myself want to see all private education disappear; nor the Prime Minister denied an official car, as in one Scandinavian country; nor the Queen riding a bicycle; nor the House of Lords instantly abolished; nor the manufacture of Rolls-Royces banned; nor the Brigade of Guards, nor Oxford and Cambridge, nor Boodle's nor (more doubtfully) the Royal Yacht Squadron, nor even, on a rather lower level, the Milroy Room, lose their present distinctive character; nor anything so dull and colourless as this.”

Anthony Crosland book The Future of Socialism

"The Future of Socialism" (Jonathan Cape, 1956) p. 149.
The remark about 'detached residences in Bournemouth' refers to an article in catholic newspaper The Tablet http://archive.thetablet.co.uk/article/31st-may-1952/4/the-old-fabians-and-the-new titled "The Old Fabians and the New" (31 May 1952, p. 4) in which Roy Jenkins is presumed to be seeking to deprive their residents of their capital.

Hostility , Education , Cars , Housing

“Today the poor are less often dismissed, I hope, from our consciences by being branded as inferior or incompetent. We also know that no matter how dynamically the economy develops and expands, it does not eliminate all poverty.
The problem indicates that our emphasis must be twofold. We must create full employment or we must create incomes. People must be made consumers by one method or the other. Once they are placed in this position we need to be concerned that the potential of the individual is not wasted. New forms of work that enhance the social good will have to be devised for those for whom traditional jobs are not available.”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1960s, Where Do We Go from Here: Chaos or Community? (1967)

People , Hope , Problem

“The standard stream corresponding to Income No. 3 is constant in real terms… We ask… how much he would be receiving if he were getting a standard stream of the same present value as his actual expected receipts. This amount is his income.”

John Hicks (1904–1989) British economist

Source: Value and capital, (1939), p. 184 as cited in: Asheim, Geir B. "Economic analysis of sustainability." Justifying, Characterizing and Indicating Sustainability (2007): 1-15.

“If we try to keep a sense of balance, the exposures of the past several months are analogous to the discovery that the directors of Murder, Inc. were also cheating on their income tax. Reprehensible, to be sure, but hardly the main point.”

Noam Chomsky (1928) american linguist, philosopher and activist

" Watergate: A Skeptical View http://www.chomsky.info/articles/19730920.htm," New York Review of Books, September 20, 1973.
Quotes 1960s-1980s, 1970s

Sense , Past , Cheating

“I have stressed inequalities in wealth and incomes because they reveal how far this country falls short not only of an ideal but of an actual condition of equality that was taken for granted by democrats like Jefferson and Madison in the early years of the Republic. But there is another important reason for particularly stressing incomes. When we attempt to compensate for gross inequalities in incomes by means other than providing income itself, the result is likely to be a patchwork of irritating regulations enforced by bureaucratic agencies.”

Robert A. Dahl (1915–2014) American political scientist

After the Revolution? (1970; 1990), Ch. 4 : From Principles to Problems

Country , Wealth

“With the opportunity to observe the problems of the President at closer range, I have come to understand the importance of an intimate, easy relationship, born of friendship and mutual regard, between the President and the Chiefs. It is particularly important in the case of the Chairman, who works more closely with the President and Secretary of Defense than do the service chiefs. The Chairman should be a true believer in the foreign policy and military strategy of the administration he serves, or, at least, feel that he and his colleagues are assured an attentive hearing those matters for which the Joint Chiefs have a responsibility. These considerations have led me to conclude that an incoming President is well advised to change the Chiefs, not with one sweep of the new broom, but progressively as he gets a chance to know the senior officers qualified for consideration and to evaluate their compatibility with his ways of thinking and acting.”

Maxwell D. Taylor (1901–1987) United States general

Source: Swords and Plowshares (1972), p. 252

Friendship , Way , Feeling , Understanding

“Even though I disagree with the tactics and the divisive rhetoric of the Black Lives Matter movement, I do understand that hopelessness and lack of opportunity breeds this type of desperation. And this is true in many of our nation’s ghettos and underprivileged communities, much of the protests in urban city centers are born out of this kind of desperation. But the thing is — the way that we can solve the problem and to eliminate this kind of a desperation is to create good jobs, urban economic revitalization, and opportunities for job training and long-term solutions. That will solve the problem in our troubled cities around this country. And I want to make a loud cry that we as Republicans — we are declaring right now today, that we are determined more than ever to listen to the cries of the disenfranchised, the low-income, the at-risk communities. We are more than ever – we will solve the problems together!”

Mark Burns (televangelist) (1979) Christian pastor and founder of the NOW Television Network

Speech at the 2016 Republican National Convention (July 21, 2016)

Way , Communication , Understanding , Problem

“The purpose of income calculations in practical affairs is to give people an indication of the amount which they can consume without impoverishing themselves. Following out this idea, it would seem that we ought to define a man's income as the maximum value which he can consume during a week, and still expect to be as well off at the end of the week as he was at the beginning.”

John Hicks (1904–1989) British economist

Source: Value and capital, (1939), p. 172

People , Idea

“Impunity is epidemic in America. The rich and powerful get away with their heists in broad daylight. … The Journal recently opposed the corruption sentence of former Virginia governor Bob McDonnell for taking large gifts and bestowing official favors — because everybody does it. And one of its columnists praised Panama for facilitating the ability of wealthy individuals to hide their income from “predatory governments” trying to collect taxes. No kidding.”

Jeffrey D. Sachs (1954) American economist

"The age of impunity," The Boston Globe, May 13, 2016 http://www.bostonglobe.com/opinion/2016/05/12/the-age-impunity/LHBxamqFENCs3W6lvWnCIJ/story.html

“Economic theory makes a fundamental assumption that maximizing profits is the basic objective of every firm. But in recent years, profit maximization has been extensively qualified by theorists to refer to the long run; to refer to management’s rather than to owners’ income; to include non-financial income such as increased leisure for high-strung executives and more congenial relations between executive levels within the firm; and to make allowance for special considerations such as restraining competition, maintaining management control, warding off wage demands, and forestalling anti-trust suits. The concept has become so general and hazy that it seems to encompass most of men’s aims in life.
This trend reflects a growing realization by theorists that many firms, and particularly the big ones, do not operate on the principle of profit maximizing in terms of marginal costs and revenues…”

Joel Dean (1906–1979) American economics wrtier

Source: Managerial Economics, 1951, p. 28; Cited in: Peter F. Drucker, Management: Tasks, Responsibilities, Practices, New York: Harper & Row, 1973.

Life , Men

“So the game plan is not merely to free the income of the wealthiest class to “offshore” itself into assets denominated in harder currencies abroad. It is to scrap the progressive tax system altogether. … How stable can a global situation be where the richest nation does not tax its population, but creates new public debt to hand out to its bankers? … The “solution” to the coming financial crisis in the United States may await the dollar’s plunge as an opportunity for a financial Tonkin Gulf resolution. Such a crisis would help catalyze the tax system’s radical change to a European-style “Steve Forbes” flat tax and VAT sales-excise tax…. More government giveaways will be made to the financial sector in a vain effort to keep bad debts afloat and banks “solvent.” As in Ireland and Latvia, public debt will replace private debt, leaving little remaining for Social Security or indeed for much social spending. … The bottom line is that after the prolonged tax giveaway exacerbates the federal budget deficit – along with the balance-of-payments deficit – we can expect the next Republican or Democratic administration to step in and “save” the country from economic emergency by scaling back Social Security while turning its funding over, Pinochet-style, to Wall Street money managers to loot as they did in Chile. And one can forget rebuilding America’s infrastructure. It is being sold off by debt-strapped cities and states to cover their budget shortfalls resulting from un-taxing real estate and from foreclosures. Welcome to debt peonage. This is worse than what was meant by a double-dip recession. It will be with us much longer.”

Michael Hudson (economist) (1939) American economist

Obama's Bushism http://michael-hudson.com/2010/12/obamas-bushism/ (December 8, 2010)
Michael-Hudson.com, 1998-

Money , Game , Effort , Change

“The claim "I deserve my income," as applied to an individual's pretax income in free market economies, has considerable intuitive force. If true, it suggests a powerful moral claim against taxation for redistributive purposes, on the intuitively plausible supposition that a just economic order ought to ensure that people get what they morally deserve.
But, however intuitive these claims may be, they are unjustified. In two of his important works of political economy, The Constitution of Liberty (see esp. ch. 6), and Law, Legislation, and Liberty (vol. 2), Hayek explained why free market prices cannot, and should not, track claims of individual moral desert.”

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)

People , Law

“I've always doubted that the socialists had a leg to stand on intellectually. They have improved their argument somehow, but once you begin to understand that prices are an instrument of communication and guidance which embody more information than we directly have, the whole idea that you can bring about the same order based on the division of labor by simple direction falls to the ground. Similarly, the idea [that] you can arrange for distributions of incomes which correspond to some conception of merit or need. If you need prices, including the prices of labor, to direct people to go where they are needed, you cannot have another distribution except the one from the market principle. I think that intellectually there is just nothing left of socialism.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

Interview with Thomas W. Hazlett in May of 1977, as published in " The Road to Serfdom, Forseeing the Fall", in Reason magazine (July 1992) http://reason.com/archives/1992/07/01/the-road-from-serfdom
1960s–1970s

People , Communication , Idea , Understanding

“The sinners would have included those who did not pay their tithes (one tenth of their income) to the priests, and those who were negligent about the sabbath rest and about ritual cleanliness. The laws and customs on these matters were so complicated that the uneducated were quite incapable of understanding what was expected of them. Education in those days was a matter of knowing.. the law and all its ramifications. The illiterate and uneducated were inevitably lawless and immoral. The ‘am ha-arez, or uneducated peasants, ‘the rabble who know nothing of the law’ (John 7:49) were regarded by even the most enlightened Pharisees, like Hillel, as incapable of virtue and piety.”

Albert Nolan (1934) South African priest and activist

Source: Jesus Before Christianity: The Gospel of Liberation (1976), p. 23.

Education , Law , Understanding

“The corruption of freedom is in proportion to the moral deterioration of the people. For a people who have lost their sense of self-respect have no need for freedom. And the income tax, by transferring the property of earners to the State, has disintegrated the moral fiber of Americans to such a degree that they do not even recognize the fact.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: The Income Tax: Root of All Evil (1954), p. 52

People , Sense , Freedom

“What a bloody jungle income tax is! It's a wonder we don't all go on strike and refuse to pay.”

Susan Howatch book The Wheel of Fortune

The Wheel of Fortune (1984), Part 5: Harry

“Long before the party's arrival in power Goebbels had written the famous article in which he pointed out the kinship between National Socialism and Bolshevism. At times he spoke enthusiastically in favor of a peaceful permeation of Bolshevism by Nazism and a German-Russian symbiosis. But to his confidants he always showed how clearly he realized that Communism is at all times simply a path leading to a new system of private property and private capital, and that the classless society is bound to lead to a new class formation with a new grading of incomes.”

Hermann Rauschning (1887–1982) German politician

Source: Men in Chaos (1942), p. 47

Peace , Confidence , Communication , Time

“Compulsion means force; there must be a policeman to see that the individual does not follow his own inclinations. But policemen must live. Since they do not produce a thing by which they can live, others must support them. Hence, the planners must have the means of getting at the production of the very people who are to be improved by the policeman. That means taxes, and the more taxes the greater the number of enforcement agents, and therefore the more comprehensive the plan. No plan can be bigger than its bureaucracy. The income tax is the ideal instrument for the planner.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: The Income Tax: Root of All Evil (1954), p. 54

People , Support

“A state that does not plan does not, by default turn this function over to the market. Even if the market is perfectly efficient, it still suffers from two ineradicable defects. The first relates to the distribution of income and power: the market conveys signals only in relation to the purchasing power of the individuals transmitting them. The poor do not matter to the market. The second relates to representation: people not yet born do not turn up at the stores. They send no market signals at all”

James K. Galbraith (1952) economist

Source: The Predatory State, 2008, p. 116 ; Quoted in: Trevor Manuel. " Address by the Minister in The Presidency: National Planning Commission, Trevor Manuel, at the Wits Graduate School of Public Development Management; Donald Gordon Auditorium, 26 October 2009 http://www.thepresidency.gov.za/pebble.asp?relid=1565" at thepresidency.gov.za, 2014.

People , Suffering

“My friends, the Republican Party did not win the midterm election in November: We lost that election. We lost because voter turnout was abysmally, embarrassingly low, and millions of working people, young people and people of color gave up on politics as usual and they stayed home. That’s a fact. In my view, Democrats will not retain the White House, will not regain the Senate or the U. S. House, will not be successful in dozens of governor races across the country, unless we generate excitement and momentum and produce a huge voter turnout. With all due respect – and I do not mean to insult anyone here – that turnout, that enthusiasm, will not happen with politics as usual. The people of our country understand that given the collapse of the American middle class, and given the grotesque level of income and wealth inequality we are experiencing, we do not need more establishment politics or establishment economics.”

Bernie Sanders (1941) American politician, senator for Vermont

Address to the Democratic National Committee’s Summer Meeting, Bernie Sanders Warns Democrats They May Not Win in 2016 Without Him http://www.nytimes.com/politics/first-draft/2015/08/28/bernie-sanders-warns-democrats-they-may-not-win-in-2016-without-him/, The New York Times (28 August 2015) https://www.youtube.com/embed/NU4iNAtg6W0?start=275&end=421
2010s, 2015

People , Color , Home , Understanding

“Professor Ohlin also made an important contribution to what now might be called the macro-economic aspects of a country's balance of payments. In 1929 in the Economic Journal he engaged in a famous controversy with Keynes on the problem of transferring payments from one country to another across the foreign exchanges. In this he laid stress upon the income-expenditure effects of the reduced spending power in the paying country and of the increased spending power in the recipient country. In doing so he made use of the usual distinction between a country's imports and exports; but in addition he emphasised the importance of the less usual distinction between a country's domestic non-tradeable goods and services and its tradeable, exportable and importable, goods. I made some use of this latter distinction in my Balance of Payments; but looking back I regret that I did not let it play a much more central role in that book”

James Meade (1907–1995) British economist

The Meaning of "Internal Balance", (1977)

Books , Problem , Country

“Income and inheritance taxes imply the denial of private property, and in that are different in principle from all other taxes. The government says to the citizen: "Your earnings are not exclusively your own; we have a claim on them, and our claim precedes yours; we will allow you to keep some of it, because we recognize your need, not your right; but whatever we grant you for yourself is for us to decide.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: The Income Tax: Root of All Evil (1954), p. 8

“In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e. g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

The Case Against the Fed (5 June 2009) http://mises.org/daily/3480.

Money , People

“Though he died in 1946, Keynes still dominated economics at Cambridge in the mid-1960s. It wasn't just that all the leading figures among the faculty, Richard Kahn, Joan Robinson, Brian Reddaway, David Champernowne, Nicholas Kaldor, and James Meade, had been his pupils and/or collaborators. It was the tone of the place. The study of economics, theoretical or empirical, was driven by the desire to improve the conduct of economic policy. This did not mean that pure theory was neglected. Indeed, in those years Robinson was fighting a stirring battle in the realms of high theory with Paul Samuelson and Robert Solow from the Massachusetts Institute of Technology. Nor was Cambridge innocent of the cutting edge of econometric technique. Richard Stone, who, following Keynes's suggestions, had created the first modern national income accounts, was still director of the Department of Applied Economics where much of modern econometrics was pioneered. Nonetheless, we were taught that theory and technique should serve the higher cause of rational economic policies, and to use our newly learned econometric expertise to write essays on unemployment, or inflation, or the balance of trade, or some other topic at the top of the current political agenda.”

John Eatwell, Baron Eatwell (1945) British economist

"Citizen Keynes", 1994

Study , Learning , Fight

“This house is to be let for life or years;
Her rent is sorrow, and her income tears.
Cupid, 't has long stood void; her bills make known,
She must be dearly let, or let alone.”

Francis Quarles (1592–1644) English poet

Book I, no. 10, Epigram 10.
Emblems (1635)

Life , Tear , Housing

“How much do you think it costs to go to college? Most people are likely to answer by adding together their expenditures on tuition, room and board, books, and the like, and then deducting any scholarship funds they may receive. Suppose that amount comes to $15,000.
Economists keep score differently. They first want to know how much you would be earning if you were not attending college. Suppose that salary is $20,000 per year. This may seem irrelevant, but because you give up these earnings by attending college, they must be added to your tuition bill. You have that much less income because of your education. On the other side of the ledger, economists would not count all of the university’s bill for room and board as part of the costs of your education. They would want to know how much more it costs you to live at school rather than at home. Economists would count only these extra costs as an educational expense because you would have incurred these costs whether or not you attend college. On balance, college is probably costing you much more than you think. And, as we will see later, taking opportunity cost into account in any personal planning will help you to make more rational decisions.”

William J. Baumol (1922–2017) American economist

William Baumol and Alan Blinder, Economics: Principles and Policy (2011), Ch. 1 : What is Economics?

People , Books , Education , School

“It is amazing how stupid one can be in graduate school, because while I was puzzling through L1(Y) = Y/V = M1, the income velocity of money, I missed all the fun.”

George Goodman (1930–2014) American author and economics commentator

Source: The Money Game (1968), Chapter 1, Why Did The master Say "Game"?, p. 8

Money , Stupidity , School

“What a social welfare system does is enable people to live with dignity if they don’t have the means on their own. It enables households that are relatively low-income to have a place for their children to get a quality education. It allows everybody to have a dignity of work by having some vacation time or paid leave or maternity leave or father’s leave. And this is decency. This is what it means. We’re rich countries now. We should have the decency to provide dignity for everybody. I happen to live in a country that doesn’t believe it. We soaked up the libertarian ideas. I can tell you what it’s like. We have a large part of our population living in duress, in extreme poverty in the United States. It’s horrible. Because we have this philosophy, “You’re on your own.” Well, “you’re on your own” in this world means living in misery, dying many years earlier, children having no chance in the educational system. People working round the clock, no time off, no paid leave, no opportunities. It’s horrible.”

Jeffrey D. Sachs (1954) American economist

Climate, Welfare..., Australian Broadcasting Corporation, 15 October, 2018 http://www.abc.net.au/tv/qanda/txt/s4892252.htm

Children , People , World , Education

“As the Economic Policy Institute reported, "What income growth there was over the 1979-1989 period was driven primarily by more work at lower wages."”

Mark Ames (1965) American writer and journalist

Part III: Ragenomics, page 87.
Going Postal: Rage, Murder, and Rebellion, From Reagan's Workplaces to Clinton's Columbine and Beyond (2005)

“Both of these measures were on the side of increasing spendable income, though unfortunately they were largely without effect. The tax reductions were negligible except in the higher income brackets; businessmen who promised to maintain investment and wages, in accordance with a well-understood convention, considered the promise binding only for the period within which it was not financially disadvantageous to do so.”

John Kenneth Galbraith book The Great Crash, 1929

Chapter IX https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929, Cause and Consequence, Section V, p 183
The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929)

“Creative destruction can apply to economic concepts as well. And this downturn offers an excellent opportunity to get rid of one that has long outlived its usefulness: gross domestic product. G. D. P. is one measure of national income, of how much wealth Americans make, and it’s a deeply foolish indicator of how the economy is doing. It ought to join buggy.”

Eric Zencey (1953–2019) American writer

Eric Zencey, in G.D.P. R.I.P. http://www.nytimes.com/2009/08/10/opinion/10zencey.html?pagewanted=all&_r=0, The New York Times, 9 August 9, 2009

Wealth

“If it makes sense to transfer income from rich to poor people within a generation, why shouldn't we transfer income from rich to poor generations?”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 18, Deficit Finance, p. 435

People , Sense

“The admission to Harvard College depends upon examinations; and if this boy passes the examinations, he will be admitted; and if the white students choose to withdraw, all the income of the college will be devoted to his education.”

Edward Everett (1794–1865) American politician, orator, statesman

On admission of the first black student to Harvard University, as quoted in Edward Everett, Orator and Statesman (1925) by Paul Revere Frothingham, p. 299.

Education , Boy , Dependency

“Thus the facilities (of the Advocates' Library), which in England were provided at the taxpayers' expense in the British Museum, were in Scotland afforded entirely at the cost of the Scottish Bar… Much the greater part of their annual income was expended in maintaining it.”

Hugh Macmillan, Baron Macmillan (1873–1952) British judge

Source: A Man of Law's Tale (1952), At the Scottish bar, p. 234

Parting

“By the standards of honest, if unorthodox, accounting, government workers don't pay taxes, but are paid out of taxes. In other words, they pay taxes out of money confiscated from taxpayers, who, in turn, pay taxes twice: on their own income and on the income of members of the bureaucracy. At the very least, this should disqualify state workers from voting.”

Ilana Mercer South African writer

“Life in the Oink Sector,” http://www.ilanamercer.com/phprunner/public_article_list_view.php?editid1=516 WorldNetDaily.com, September 25, 2009.
2000s, 2009

Money

“… the value of land must, in the future, be assessed on its yield of potable water. Those property-owners with a constant source of pure water already have an economically-valuable "product" from their land, and need look no further for a source of income.”

Bill Mollison (1928–2016) Australian permaculturist

Source: Permaculture: A Designers' Manual (1988), chapter 7.1

Water , Future

“Increasing research and development budget to 5 percent of the agricultural production (GVA=P1.17trillion) would bring about better varieties and more efficient farming methods which would increase yields and give the farmer higher incomes even while farmgate prices go down to benefit the consumer.”

Francis Escudero (1969) Filipino politician

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

“I don’t think that maternal and child health is a global priority. The health and welfare of mothers and their children received unprecedented international attention in 2010, but not all Governments were involved and other issues subsequently knocked this issue off the top slot. For those Governments who did make specific policy and resource commitments, the role of civil society is to work hard to get them to deliver. However, to see a truly seismic shift in the life chances of mums-to-be and their babies, Governments — rich and poor — must tackle inequality, especially gender but also income.”

Jo Cox (1974–2016) UK politician

In an interview with Devex — Jo Cox: A maternal health advocate extraordinaire https://www.devex.com/news/jo-cox-a-maternal-health-advocate-extraordinaire-76186 (12 October 2011)

Life , Children , Health , Thinking

“Cooper: Did you use that $916 million loss to avoid paying personal federal income taxes for years?
Trump: Of course I do. Of course I do. And so do all of her donors, or most of her donors. … I pay tremendous numbers of taxes. I absolutely used it. And so did Warren Buffett and so did George Soros and so did many of the other people that Hillary is getting money from.”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2016, October, Second presidential debate (October 9, 2016)

Money , People , Loss , Personality

“The reported backlog of 40,000 classrooms is unjustifiable. At a cost of P500,000 per classroom, it would cost only P20 billion to build everything. That's only one year's income of PAGCOR. I am incredulous how the future of millions of Filipino children has been irretrievably lost because of the insatiable greed of those in power.”

Francis Escudero (1969) Filipino politician

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

Children , Future

“The separate excitation of the dynamo corresponds with the independently determined investment in the economic model, and the total excitation with income. Perhaps in this electrical age, the conventional metaphor of ‘priming the pump’ might be dropped in favour of ‘exciting the dynamo’.”

Arnold Tustin (1899–1994) British engineer

Source: The Mechanism of Economic Systems (1953), p. 8

Age

“Turning the tide, you are on the incoming wave.
Turning the tide, you know you are nobody's slave.”

Peter Gabriel (1950) English singer-songwriter, record producer and humanitarian

Shaking the Tree
Song lyrics, Shaking the Tree (1990)

“Their Jewish God is heavy, Cruel and implacable. He always orders to kill and plunder people, and before the day of Resurrection, He sends Mr. Messiah so he can get his people's income and slaughter them so much that his horse's knees surge in blood.”

Sadegh Hedayat (1903–1951) Iranian writer

God , People , Horse

“No conception of democracy as geared toward reducing domination can ignore the relations between the political system and the distribution of income and wealth.”

Ian Shapiro (1956) American political theorist

The State of Democratic Theory (2003), Chapter 5. Democracy and Distribution.

Democracy , Wealth

“Finns live in smaller homes than Americans and consume a lot less. They spend relatively little on national defense, though they still have universal male conscription, and it is popular. Their per capita national income is about 30 percent lower than ours. Private consumption of goods and services represents about 52 percent of Finland's economy, and 71 percent of the United States'. Finns pay considerably higher taxes — nearly half their income — while Americans pay about 30 percent on average to federal, state and local governments.”

Robert G. Kaiser (1943) American journalist

2000s, "Why can't we be more like Finland?" (2005)

Home , Universe

“During the 1980's, the top statutory marginal income tax rate in the United States fell from 70 percent to 28 percent.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 16, Personal Taxation and Behavior, p. 373

“Going back to the most ancient times, national well-being, the national prestige depended on territory. The more territory a country had, the more income revenue there was, the more people there were to be mobilized for arms strength. So we had an enormous sense of territorial conflict and territorial integrity, and that was unquestionably a part of the cause of war, coupled with the fact that there was a disposition in that direction by the landed class, a disposition to think of territorial acquisition and territorial defense and to think of the peasantry as a superior form of livestock which could be used for arms purposes.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

Booknotes interview (1994)

War , People , Thinking , Sense

“We have defined the main task of economic analysis as the explanation of the magnitudes of economic quantities. The student will find also that the main part of this, as of most other works on the subject, is concerned with the theory of the determination of prices, wages, interest rates, incomes, and the like. He may well inquire, therefore, in the midst of so much mathematics, whether the first task of economics is not the investigation of wealth, or welfare. Some economists have endeavored to restrict the boundaries of the science to the investigation of those quantities which are numerically measurable. Well-being, under such a restriction, would not be part of economics at all.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, Economic Analysis, 1941, p. 7-8

Mathematics , Science , Parting , Wealth

“I have been expecting the bull of the benefice of Medole which your Excellency gave me for my son Pomponio last year, and seeing that the matter is delayed beyond measure, and what is worse, that I have not received the income of the benefice — I find myself in a state of great discontent. It would be greatly to my dishonour and infamy, if my boy should be forced to change the priest's dress, which he wears with so much pleasure, after all Venice has been made acquainted with the gift made to him of this benefice by your Excellency.”

Titian (1488–1576) Italian painter

In a letter of Titian to the Marquess Gonzaga of Mantua, from Venice, 12 July, 1531; published by Pungileoni in the 'Giornale Arcadico' in 1831 and reprinted in Cadorin, 'Dello Amore', p. 37; transl. J.A.Y. Crowe & G.B. Cavalcaselle
The gift made it possible that his son Pomponio could start a career in the catholic church. A fortnight later Titian's note has become humble and thankful, for the Duke has written him, to say that the benefice and its income are his
1510-1540

Pleasure , Boy , Change

“Now a value judgment on the distribution of income would show the required impersonality to the highest degree if the person who made this judgment had to choose a particular income distribution in complete ignorance of what his own relative position… would be within the system chosen. This would be the case if he had exactly the same chance of obtaining the ﬁrst position (corresponding to the highest income) or the second or the third, etc. up to the last position (corresponding to the lowest income) available within that scheme.”

John Harsanyi (1920–2000) hungarian economist

Harsanyi, J. C. (1953). "Cardinal Utility in Welfare Economics and in the Theory of Risk-taking". J. Polit. Economy 61 (5): 434–5.

Chance , Personality

“The Church owns property, needs income, employs men, works on human material, and banks on its moral prestige. Its present efficiency and future standing are bound up for weal or woe with the social welfare of the people and with the outcome of the present struggle.”

Walter Rauschenbusch (1861–1918) United States Baptist theologian

Source: Christianity and the Social Crisis (1907), Introduction, p.xiv

Men , People , Future

“The present government of Quebec is the most financially and intellectually corrupt in the history of the province. There are the shady deals, brazenly conducted, and the broken promises, most conspicuously that of last October to retain Bill 63… The government dragged out the ancient and totally fictitious spectre of assimilation to justify Bill 22 and its rejection of the right of free choice in education, its its reduction of English education to the lowest echelon of ministerial whim, its assault upon freedom of expression through the regulation of the internal and external language of businesses and other organizations, and its creation of a fatuous new linguistic bureaucracy that will conduct a system of organized denunciation, harassment, and patronage… There is a paralytic social sickness in Quebec. In all this debate, not a single French Quebecker has objected to Bill 22 on the grounds that it was undemocratic or a reduction of liberties exercised in the province. The Quebec Civil Liberties Union, founded by Pierre Trudeau, from which one might have expected such sentiments, has instead demanded the abolition of English education, and this through the spokemanship of Jean-Louis Roy, who derives his income from McGill University…. It is clear that Mr. Bourassa… is now going to try to eliminate the Parti Quebecois by a policy of gradual scapegoatism directed against the non-French elements in the province… The English community here, still deluding itself with the illusion of Montreal as an incomparably fine place to live, is leaderless and irrelevant, except as the hostage of a dishonest government. Last month one of the most moderate ministers, Guy St-Pierre, told an English businessman's group, 'If you don't like Quebec, you can leave it.”

Conrad Black (1944) Canadian-born newspaper publisher

With sadness but with certitude, I accept that choice.
radio broadcast on 26 July 1974, the day Black left Quebec for good
The Establishment Man by Peter Newman

Education , Sadness , Guy , Exercises

Quotes about income page 2

Quotes about income
page 2