Quotes about income (532 quotes, page 4)

“I don't believe government should take over the grocery store down the street or own the means of production, but I do believe that the middle class and the working families who produce the wealth of America deserve a decent standard of living and that their incomes should go up, not down. I do believe in private companies that thrive and invest and grow in America, companies that create jobs here, rather than companies that are shutting down in America and increasing their profits by exploiting low-wage labor abroad.”

Bernie Sanders (1941) American politician, senator for Vermont

"Bernie Sanders Speech On Democratic Socialism" https://www.youtube.com/watch?v=8_8R6PgGcTw, (19 November 2015).
2010s, 2015

Family , Wealth

“Chutzpah factor: Self-righteousness, arrogance, and a sense of superiority so great that gross double-standards seem entirely reasonable and no self-interested action is beyond rationalization. This factor is positively correlated with size, power, and per capita income.”

Edward S. Herman (1925–2017) American journalist

Source: Beyond Hypocrisy, 1992, Doublespeak Dictionary (within Beyond Hypocrisy), p. 125.

Sense

“Now, we are poor people, individually, we are poor when you compare us with white society in America. We are poor. Never stop and forget that collectively, that means all of us together, collectively we are richer than all the nations in the world, with the exception of nine. Did you ever think about that? After you leave the United States, Soviet Russia, Great Britain, West Germany, France, and I could name the others, the Negro collectively is richer than most nations of the world. We have an annual income of more than thirty billion dollars a year, which is more than all of the exports of the United States, and more than the national budget of Canada. Did you know that? That's power right there, if we know how to pool it.
We don't have to argue with anybody. We don't have to curse and go around acting bad with our words. We don't need any bricks and bottles, we don't need any Molotov cocktails, we just need to go around to these stores, and to these massive industries in our country, and say, "God sent us by here, to say to you that you're not treating his children right. And we've come by here to ask you to make the first item on your agenda — fair treatment, where God's children are concerned. Now, if you are not prepared to do that, we do have an agenda that we must follow. And our agenda calls for withdrawing economic support from you."”

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

1960s, I've Been to the Mountaintop (1968)

God , Children , People , World

“This [mammonist] mindset is embodied and reaches its acme in international plutocracy. The chief source of power for Mammonism is the effortless and endless income that is produced through interest.”

Gottfried Feder (1883–1941) German economist and politician

"Manifesto for the Abolition of Enslavement to Interest on Money" (1919)

“While a guy at home is sweating over his income tax and Victory garden, a dogface somewhere is getting great joy out of wiggling his little finger. He does it just to see it move and to prove to himself that he is still alive and able to move it.”

Bill Mauldin (1921–2003) American editorial cartoonist

Up Front (1945)

Guy , Home , Victory , Joy

“The idea of abolishing Income Tax is to me highly attractive, both on other grounds & because it tends to public economy.”

William Ewart Gladstone (1809–1898) British Liberal politician and prime minister of the United Kingdom

Letter to H. C. E. Childers (3 April 1873)
1870s

Idea

“Even though Finland is one of the richest countries in the world, the people is largely poor and low-income.”

Veikko Vennamo (1913–1997) Finnish politician

People , World , Country

“Reports show that the combined Gross Domestic Product of forty-eight countries is less than the wealth of the three richest people in the world. Fifteen billionaires have assets greater than the total national income of Africa, south of the Sahara. Thirty-two people own more than the annual income of everyone who lives in South Asia. Eighty-four rich people have holdings greater than the GDP of China, a nation with 1.2 billion citizens.”

Ken Coates

Post-Labour's New Imperialism, The Spokesman, no. 79, p. 39

People , World , Country , Wealth

“Income No. 3 must be deﬁned as the maximum amount of money which the individual can spend this week, and still be able to spend the same amount in real terms in each ensuing week.”

John Hicks (1904–1989) British economist

Source: Value and capital, (1939), p. 174

Money

“One aspect of the [Vietnam] conflict by the way that I will never ever countenance is that we drafted the lowest income level of America and the highest income level found a doctor that would say that they had a bone spur. That is wrong. That is wrong. If we are going to ask every American to serve, every American should serve.”

John McCain (1936–2018) politician from the United States

On C-SPAN3, American History TV, quoted in The Republic https://www.azcentral.com/story/opinion/op-ed/ej-montini/2017/10/22/john-mccain-mocks-donald-trumps-deferment-bone-spurs-without-naming-him/789051001/ (October 2017)
2010s, 2017

Way

“Mind-masses, once formed, are imperishable, their combinations are indissoluble; only the relative strength of these combinations is altered by the incoming of new mind masses.”

Bernhard Riemann (1826–1866) German mathematician

Gesammelte Mathematische Werke (1876)

“Perhaps the biggest appreciation adjustment we need is toward the millions of men and women we call stepparents. We have taken for granted especially the stepparents who are raising no children of their own, and receiving no income from a significant other, but who have nevertheless chosen to invest love, time and money in children.”

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

Source: Father and Child Reunion (2001), p. 246.

Love , Women , Men , Money

“We are socialists because we believe this income which we all cooperate in making isn’t divided as it ought to be. […] We do reward men according to deed. We do reward or give to people according to need. No religion would be possible in which that wasn’t done. There are the young, there are the old, there are many whom we have to reward according to their need. But in spite of improvements that have been made, and especially perhaps by my liberal friends who aren't just sure how far to go… we still have a society where there's a great deal of reward not according to deed, not according to need, but according to breed - the choice of your grandfather is very important. And according to the successful greed, which operates not in terms of great contributions to men, but in terms of manipulations of one sort of another.”

Norman Thomas (1884–1968) American Presbyterian minister and socialist

Debate with Barry Goldwater, University of Arizona campus, Tucson, Arizona, November 1961

Men , People , Religion , Success

“Muslims demand what they call "respect". And this is how we give them respect. Our elites are willing to give in. To give up. In my own country we have gone from calls by one cabinet member to turn Muslim holidays into official state holidays, to statements by another cabinet member, that Islam is part of Dutch culture, to an affirmation by the Christian-Democratic attorney general that he is willing to accept sharia in the Netherlands if there is a Muslim majority. We have cabinet members with passports from Morocco and Turkey. Muslim demands are supported by unlawful behaviour, ranging from petty crimes and random violence, for example against ambulance workers and bus drivers, to small-scale riots. Paris has seen its uprising in the low-income suburbs. … I call the perpetrators "settlers."”

Geert Wilders (1963) Dutch politician

Because that is what they are. They do not come to integrate into our societies, they come to integrate our society into their Dar-al-Islam. Therefore, they are settlers.
2000s, Speech at the Four Seasons, New York (25 September 2008)

Support , Holiday , Parting , Country

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

Andrew Zimbalist (1947) American economist

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

Time

“Nothing is more delightful than to confuse and upset people. People one doesn't like. What's the use of giving them explanations that are merely food for curiosity? The truth is that people love nothing but themselves and their little possessions, their income, their dog. This state of affairs derives from a false conception of property. If one is poor in spirit, one possesses a sure and indomitable intelligence, a savage logic, a point of view that can not be shaken. Try to be empty and fill your brain cells with a petty happiness. Always destroy what you have in you. On random walks..”

Tristan Tzara (1896–1963) Romanian and French avant-garde poet, essayist and performance artist

1920s, Lecture on Dada', 1922

Love , People , Truth , Food

“We shall increase income tax on the better off so that we can help the hundreds of thousands of families now tangled helplessly in the poverty trap by raising the tax threshold and introducing reduced rates of tax for those at the bottom of the ladder. I warn you, there are going to be howls of anguish from the rich. But before you cheer too loudly let me warn you that a lot of you will pay extra taxes too.”

Denis Healey (1917–2015) British Labour Party politician and Life peer

Speech to the Labour Party Conference at Blackpool (1 October 1973).
1970s

Family , Help

“Taxes. Everyone desires a reduction of taxes, and there is a great preponderance of sentiment in favor of taxation reform. When I approved the present tax law, I stated publicly that I did so in spite of certain provisions which I believed unwise and harmful. One of the most glaring of these was the making public of the amounts assessed against different income-tax payers. Although that damage has now been done, I believe its continuation to be detrimental To the public welfare and bound to decrease public revenues, so that it ought to be repealed.”

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

1920s, Second State of the Union Address (1924)

Law

“Our sovereignty has been taken away by the European Court of Justice…Our courts must no longer enforce our national laws. They must enforce Community law…No longer is European law an incoming tide flowing up the estuaries of England. It is now like a tidal wave bringing down our sea walls and flowing inland over our fields and houses—to the dismay of all.”

Alfred Denning, Baron Denning (1899–1999) British judge

Introduction to The European Court of Justice: Judges or Policy Makers? (London: Bruges Group, 1990).

Justice , Law , Communication , Housing

“I like to say I'm more conservative than Goldwater. He just wanted to turn the clock back to when there was no income tax. I want to turn the clock back to when people lived in small villages and took care of each other.”

Pete Seeger (1919–2014) American folk singer

" The Old Left http://www.nytimes.com/1995/01/22/magazine/sunday-january-22-1995-the-old-left.html?n=Top/Reference/Times%20Topics/People/S/Seeger,%20Pete", New York Times Magazine, 22 January 1995, sect. 6 p. 13

People

“The first problem I propose to tackle is this: how much of its income should a nation save? To answer this a simple rule is obtained valid under conditions of surprising generality; the rule, which will be further elucidated later, runs as follows.
The rate of saving multiplied by the marginal utility of money should always be equal to the amount by which the total net rate of enjoyment of utility falls short of the maximum possible rate of enjoyment.”

Frank P. Ramsey (1903–1930) British mathematician, philosopher

"A Mathematical Theory of Saving", The Economic Journal, Vol. 38, No. 152 (Dec., 1928)

Money , Problem

“And I say again, you need not worry any more about money. If I were to drop dead this instant, I have enough to double your present income if you never touched a cent of the principle. If you take a notion to do something that costs more than your income warrants, you need only let me know. You can have it.”

Rose Wilder Lane (1886–1968) American journalist

Letter from Albania to Laura Ingalls Wilder, (October 27, 1926).

Money , Dead

“To unstable money are to be traced nearly all our economic troubles since 1918: the unemployment of the inter-war period; the over-employment and scarcity of labour since the Second World War; the labour unrest incidental to perpetual wage demands; the hardships and dislocation caused by the declining value of small savings, annuities and endowments; the vexation of continual price rises even for those whose incomes on the whole keep pace with them; the collapse of the prices of Government securities through distrust of the unit in which they are valued.”

Ralph George Hawtrey (1879–1975) British economist

‘Foreword’ (1961) to A Century of Bank Rate (1962, 2nd ed.), p. xxii.
A Century of Bank Rate (1938)

Money , War , World

“Neither Capitalism nor Socialism can pretend to be an ideology. They are merely methods for dividing ownership and income. What is most peculiar for such theoretically practical methodologies, which are also theoretically opposed to each other, is that neither of them has ever existed, except in a highly tentative form. And even then they are invariably mixed together. Their mutually exclusive vocabularies have more to do with basic similarities than with differences.”

John Ralston Saul (1947) Canadian author and essayist

Voltaire's Bastards (1992)

“We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.”

Vladimir Putin (1952) President of Russia, former Prime Minister

http://kremlin.ru/eng/speeches/2007/02/01/1309_type82915_117609.shtml
2006- 2010

People , Problem , Country

“A basic income paid for out of taxes on the market economy gives people the chance to build positions in the non-market economy. It allows them to volunteer, set up co-ops, edit Wikipedia, learn how to use 3D design software, or just exist. It allows them to space out periods of work; make a late entry or early exit from working life; switch more easily into and out of high-intensity, stressful jobs. Its fiscal cost would be high: that’s why all attempts to enact the measure separately from an overall transition project are likely to fail, despite the growing number of academic papers and global congresses dedicated to it.”

Paul Mason (journalist) book PostCapitalism: A Guide to our Future

PostCapitalism: A Guide to our Future (2015)

Life , People , Learning , Chance

“Fifty years ago the legal injustice imposed upon women was appalling. Wives, widows and mothers seemed to have been hunted out by the law on purpose to see in how many ways they could be wronged and made helpless. A wife by her marriage lost all right to any personal property she might have. The income of her land went to her husband, so that she was made absolutely penniless. If a woman earned a dollar by scrubbing, her husband had a right to take the dollar and go and get drunk with it and beat her afterwards. It was his dollar. If a woman wrote a book the copyright of the same belonged to her husband and not to her. The law counted out in many states how many cups and saucers, spoons and knives and chairs a widow might have when her husband died. I have seen many a widow who took the cups she had bought before she was married and bought them again after her husband died, so as to have them legally. The law gave no right to a married woman to any legal existence at all. Her legal existence was suspended during marriage. She could neither sue nor be sued. If she had a child born alive the law gave her husband the use of all her real estate as long as he should live, and called it by the pleasant name of "the estate by courtesy."”

Lucy Stone (1818–1893) American abolitionist and suffragist

When the husband died the law gave the widow the use of one-third of the real estate belonging to him, and it was called the "widow's encumbrance."
The Progress of Fifty Years (1893)

Women , Marriage , Books , Law

“In 1945, the war ended and I was chosen to be the first director of the newly-established Department of Applied Economics in Cambridge. Between leaving the government service and taking up my new post, I had a break of about three months which I spent at the Institute of Advanced Study in Princeton. I intended to use my time there writing up my ideas on a social accounting system for the measurement of economic flows, a thing I had wanted to do for years but had not had time for during the war. What happened was that, in Princeton, I met Alexander Loveday, the Director of Intelligence at the League of Nations, who wanted a paper on the problems of defining and measuring the national income and related totals for consideration by the League's Committee of Statistical Experts. He asked me if I would undertake the work and naturally I accepted. I soon had a memorandum ready and it was discussed in Princeton while I was still there by a subcommittee convened by Loveday. Their report was eventually published by the United Nations in Geneva in 1947 under the title, Measurement of National Income and the Construction of Social Accounts, with my memorandum as an appendix.”

Richard Stone (1913–1991) British economist, Nobel Memorial Prize winner

"Richard Stone - Biographical," 1984

War , Intelligence , Idea , Nature

“Even a modest Basic Income program could become a stepping-stone toward the most profound transformation of all: to unlatch work from livelihood entirely.”

David Graeber book Bullshit Jobs

Bullshit Jobs: A Theory (2018)

“The usual and basic Keynesian answer to recessions is a monetary expansion. But Keynes worried that even this might sometimes not be enough, particularly if a recession had been allowed to get out of hand and become a true depression. Once the economy is deeply depressed, households and especially firms may be unwilling to increase spending no matter how much cash they have, they may simply add any monetary expansion to their board. Such a situation, in which monetary policy has become ineffective, has come to be known as a "liquidity trap"; Keynes believed that the British and American economies had entered such a trap by the mid-1930s, and some economists believed that the United States was on the edge of such a tap in 1992.
The Keynesian answer to a liquidity trap is for the government to do what the private sector will not: spend. When monetary expansion is ineffective, fiscal expansion—such as public works programs financed by borrowing—must take its place. Such a fiscal expansion can break the vicious circle of low spending and low incomes, "priming the pump: and getting the economy moving again. But remember that this is not by any means an all-purpose policy recommendation; it is essentially a strategy of desperation, a dangerous drug to be prescribed only when the usual over-the-counter remedy of monetary policy has failed.”

Paul Krugman book Peddling Prosperity

Source: Peddling Prosperity (1994), Ch. 1 : The Attack on Keynes

“Prices perform three functions in organizing economic activity: first, they transmit information; second, they provide an incentive to adopt those methods of production that are least costly and thereby use available resources for the most highly valued pur poses; third, they determine who gets how much of the product—the distribution of income. These three functions are closely in terrelated.”

Milton Friedman book Free to Choose

Source: Free to Choose (1980), Ch. 1 "The Power of the Market", p. 14

“In the 1950s, industrial workers had become the largest single group in every developed country, and unionized industrial workers in mass-production industry (which was then dominant everywhere) had attained upper-middle-class income levels. They had extensive job security, pensions, long paid vacations, and comprehensive unemployment insurance or "lifetime employment." Above all, they had achieved political power… Thirty-five years later, in 1990, industrial workers and their unions were in retreat. They had become marginal in numbers. Whereas industrial workers who make or move things had accounted for two fifths of the American work force in the 1950s, they accounted for less than one fifth in the early 1990s--that is, for no more than they had accounted for in 1900, when their meteoric rise began… By the year 2000 or 2010, in every developed free-market country, industrial workers will account for no more than an eighth of the work force. Union power has been declining just as fast… By the year 2000 or 2010, in every developed free-market country, industrial workers will account for no more than an eighth of the work force. Union power has been declining just as fast.”

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

About the rise and fall of the blue-collar worker
1990s and later, "The Age of Social Transformation." 1994

Country

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

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

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

“Decoupling growth from environmental degradation is the number one challenge facing governments in a world of rising numbers of people, rising incomes, rising consumption demands and the persistent challenge of poverty alleviation.”

Achim Steiner (1961) German politician

"UN urges global move to meat and dairy-free diet" https://www.theguardian.com/environment/2010/jun/02/un-report-meat-free-diet, The Guardian, 2 June 2010.

People , World

“McKinsey and Company has a new study that shows that the persistent gap in academic achievement between children in the United States and their counterparts in other countries deprived the U. S. economy of as much as $2.3 trillion in economic output in 2008 alone. Can we imagine how much that academic gap has cost us in potential income?”

Francis Escudero (1969) Filipino politician

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

Children , Imagination , Study , Country

“House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals, including robust growth in jobs and incomes, low mortgage rates, steady rates of household formation, and factors that limit the expansion of housing supply in some areas.”

Ben Bernanke (1953) American economist

October 20, 2005 http://www.house.gov/jec/hearings/testimony/109/10-20-05bernanke.pdf, in testimony to Congress's Joint Economic Committee.

Strong , Past , Housing

“I actually think it will be interesting to listen to the President tonight. What I'd like him to do is report on his promises but there are forgotten promises and forgotten people. Over the last four years, the President has said that he was going to create jobs for the American people and that hasn't happened. He said he would cut the deficit in half and that hasn't happened. He said that incomes would rise and instead incomes have gone down. And I think this is a time not for him not to start restating new promises but to report on the promises he made. I think he wants a promises reset. We want a report on the promises he made. And that means let's hear some numbers. Let's hear 16. Sixteen trillion dollars of debt. This is very different than the promise he made. Let's hear the number 47. 47 million people in this country on food stamps. When he took office, 33 million people were on food stamps. Let's understand why it was he's been unsuccessful in helping alleviate poverty in this country. Why so many people have fallen from the middle class into poverty under this president. Let's have him explain to the American people the 50% number. Why 50% of college graduates can't find work or work that is consistent with their college degree. The President needs to report tonight on his promises rather than try and reset a whole series of new promises that he also won't be able to keep.”

Mitt Romney (1947) American businessman and politician

2012-09-06
http://mittromneycentral.com/2012/09/06/romney-on-obamas-speech-tonight-americans-want-a-report-on-presidents-promises/
Romney on Obama’s Speech Tonight: Americans Want A Report On President’s Promises
Mitt Romney Central
2012

People , Food , Understanding , Thinking

“Guaranteeing equal pay won’t just increase paychecks for women – it will boost family budgets and get incomes rising across the board. And I don’t understand why Trump’s against that. Paid family leave won’t only make life easier for Moms and Dads – it will also keep skilled, talented Americans in the workforce and grow our economy. That’s why every other advanced country already has it. Again, he’s against it. Raising the federal minimum wage won’t just put more money in the pockets of low-income families – it also means they will spend more at the businesses in their neighborhoods. Trump’s against that as well. … And protecting and expanding Social Security doesn't just help older Americans retire with dignity – it helps to ease burdens on families and communities. And I also believe the same thing about comprehensive immigration reform.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Speech in Warren, Michigan (August 11, 2016)

Life , Women , Money , Family

“An approximately linear income tax schedule is desirable; and in particular negative income tax proposals are strongly supported”

James Mirrlees (1936–2018) Scottish economist

Source: An exploration in the theory of optimum income taxation, 1971, p. 209

Support

“I myself have no doubt in the past tended to appear to many to be more concerned with the creation of wealth than with its distribution. I must confess that there is a degree of truth in this, but to the extent that it is true, it has been because of my conviction that the rapid growth of the economy, and the pressure that comes with it on demand for labour, both produces a rapid and substantial redistribution of income directly of itself and also makes it possible to assist more generously those who are not, from misfortune temporary or permanent, sharing in the general advance. The history of our last fifteen years or so demonstrates this conclusively.”

John James Cowperthwaite (1915–2006) British colonial administrator

February 26, 1969, page 104.
Official Report of Proceedings of the Hong Kong Legislative Council

Truth , History , Appearance , Past

“The people who bought the houses are from the lower income group and they have been waiting for their houses to be ready for the last 12 years.”

Samy Vellu (1936) Malaysian politician

on an abandoned housing scheme in Sungai Limau, as quoted in The Star, 21 November 2000
Malaysian Politicians Say the Darndest Things

People , Waiting , Housing

“Any empirical evaluation of the relationship between Trump and the white working class would reveal that one adjective in that phrase is doing more work than the other. In 2016, Trump enjoyed majority or plurality support among every economic branch of whites. It is true that his strongest support among whites came from those making $50,000 to $99,999. This would be something more than working-class in many nonwhite neighborhoods, but even if one accepts that branch as the working class, the difference between how various groups in this income bracket voted is revealing. Sixty-one percent of whites in this "working class" supported Trump. Only 24 percent of Hispanics and 11 percent of blacks did. Indeed, the plurality of all voters making less than $100,000 and the majority making less than $50,000 voted for the Democratic candidate. So when Packer laments [in the New Yorker] the fact that "Democrats can no longer really claim to be the party of working people—not white ones, anyway," he commits a kind of category error. The real problem is that Democrats aren't the party of white people—working or otherwise. White workers are not divided by the fact of labor from other white demographics; they are divided from all other laborers by the fact of their whiteness.”

Ta-Nehisi Coates (1975) writer, journalist, and educator

"The First White President" (October 2017)

People , Error , Support , Problem

“Mr. Khan is the one that went out and struck the first blow, and in a campaign, if you're going to go out and think you can take a shot at someone and not have incoming coming back at you, shame on you. I think the Democrats used him in a way that quite frankly I'm not sure I approve of. We love our veterans, we love our Gold Star families, but the fact of the matter is Mr. Khan politically used his time on that stage to go after Donald Trump, why in the world he thought that he would get a free ride with that is beyond me. He shouldn’t get a free ride when he’s going to inject himself in the political arena.”

Rick Perry (1950) 14th and current United States Secretary of Energy

About the Khan family and Donald Trump controversy. As quoted by Politico — Rick Perry accuses Khan of striking 'first blow' against Trump http://www.politico.com/story/2016/08/rick-perry-khizr-khan-227081 (August 16, 2016)
2016

Love , World , Family , Way

“If a Martian were asked to pick the most efficient and humane economic systems on earth, it would certainly not choose the countries which rely most on markets. The United States is a stagnant economy in which real wages have been constant for more than a decade and the real income of the bottom 40 percent of the population declined. It is an inhumane society in which 11.5 percent of the population, some 32 million people, including 20 percent of all children, live in absolute poverty. It is the oldest democracy on earth but also one with the lowest voting rates among democracies and the highest per capita prison population in the world. The fastest developing countries in the world today are among those where the state pursues active industrial and trade policies; the few countries in the world in which almost no one is poor today are those in which the state has been engaged in massive social welfare and labor market policies.”

Adam Przeworski (1940) Polish-American academic

Source: Journal of Democracy. Vol. 3, Nr. 3 (1992), p. 46

Children , People , World , Democracy

“You can say that this is just standard partisanship, and the president’s party is always going to defend him. But what’s different about this moment is how blatant and unapologetic the incoming president is being about continuing to pursue his business interests. This is a reminder that the institutions we rely on to keep the government honest are dependent upon the integrity of the people within them.”

Paul Waldman (1968) American op-ed columnist and writer

Republicans are already making it clear: Trump can do whatever he wants (December 5, 2016)

People , Business , Dependency

“A core part of my argument is that wealth, as distinct from income, offers the key to understanding racial stratification. … The difference between the two is often muddled in the public mind, and only recently have the social sciences begun to treat wealth as an intrinsically important indication of family well-being that is quite different from income. … Wealth represents a more permanent capacity to secure advantages in both the short and long term, and it is transferred across generations.”

Thomas Shapiro (1947) American sociologist

Source: The Hidden Cost of Being African American: How Wealth Perpetuates Inequality (2005), pp. 32-33

Family , Understanding , Science , Parting

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

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

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

Family , Way , Business

“I do not overlook the important contributions to economic theory in the past whether orthodox or heterodox I correlate them with institutional economics. The classical and communistic economists used as their measure of value the man hour of labor. This is evidently since the incoming of scientific management the engineering economics of efficiency. The Austrian and hedonistic economists deriving from Bentham used as the measure of value the diminishing marginal utility of consumption goods. This is evidently the home economics recently introduced in the college curriculum.”

John R. Commons (1862–1945) United States institutional economist and labor historian

Source: "Institutional economics," 1936, p. 242

Home , Past

“In the American view, there is nothing vile or degraded about serving your customers either as a CEO or as a waiter. The ordinary life of production and supporting a family is more highly valued in the United States than in any other country. America is the only country in the world where we call the waiter 'sir', as if he were a knight. America has achieved greater social equality than any other society. True, there are large inequalities of income and wealth in America. In purely economic terms, Europe is more egalitarian. But Americans are socially more equal than any other people, and this is unaffected by economic disparities. Alexis de Tocqueville noticed this egalitarianism a century and a half ago and it is, if anything, more prevalent today. For all his riches, Bill Gates could not approach the typical American and say, 'Here's a $100 bill. I'll give it to you if you kiss my feet.”

Dinesh D'Souza (1961) Indian-American political commentator, filmmaker, author

Most likely, the person would tell Gates to go to hell! The American view is that the rich guy may have more money, but he isn't in any fundamental sense better than anyone else.
Articles, 10 Things to Celebrate: Why I'm an Anti-Anti-American (June 2003)

Life , Money , People , World

“Some argue that an income tax is unfair because it taxes capital income twice: once when the original income is earned, and again when the investment produces a return.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 19, Taxes on Consumption and Wealth, p. 453

“We should consider lowering our income tax rates to equal Hongkong or Vietnam or Thailand. One of the major reasons why many locators do not like the Philippines is because they would have to pay their executives more takeout to equalize take home pay. For example, Hongkong has a tax rate of 17% while our marginal income tax rate is 32%.”

Francis Escudero (1969) Filipino politician

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

Home

“Each demand for security, whether of employment, income or social position, implied the exclusion from such benefits of those outside the particular privileged group - and would generate demands for countervailing privileges from the excluded groups. Eventually, in such a situation every will lose.”

Margaret Thatcher (1925–2013) British stateswoman and politician

The Path To Power (1995)

“By the end of World War II, the specter of an imminent working class uprising that had so haunted the ruling classes of Europe and North America for the previous century had largely disappeared. This was because class war was suspended by a tacit settlement. To put it crudely: the white working class of the North Atlantic countries, from the United States to West Germany, were offered a deal. If they agreed to set aside any fantasies of fundamentally changing the nature of the system, then they would be allowed to keep their unions, enjoy a wide variety of social benefits (pensions, vacations, health care …), and, perhaps most important, through generously funded and ever-expanding public educational institutions, know that their children had a reasonable chance of leaving the working class entirely. One key element in all this was a tacit guarantee that increases in workers' productivity would be met by increases in wages: a guarantee that held good until the late 1970s. Largely as a result, the period saw both rapidly rising productivity and rapidly rising incomes, laying the basis for the consumer economy of today.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Twelve, "1971–The Beginning…", p. 373

War , Children , Health , World

“My proposal is this: once this technology [genetically engineered intelligence] becomes available, why not offer it free of charge to parents on low incomes with below-average IQs? Provided there is sufficient take-up, it could help to address the problem of flat-lining inter-generational social mobility and serve as a counterweight to the tendency for the meritocratic elite to become a hereditary elite. It might make all the difference when it comes to the long-term sustainability of advanced meritocratic societies.”

Toby Young (1963) British journalist

The Quadrant (2015)

Intelligence , Problem , Parent , Help

“The unspoken ideology of capitalism didn’t admit, back then, of any corporate duty beyond making a return on investment for the shareholders while obeying the law.
Then the terrible teens hit, with a global recession followed by a stuttering shock wave of corporate scandals as rock-ribbed enterprises were exposed as hollow husks run by conscience-free predators who were even less community-minded and altruistic than gangsters. The ravenous supermarket chains had gutted the entire logistic and retail sector, replacing high-street banks and post offices as well as food stores and gas stations, recklessly destroying community infrastructure; manufacturers had outsourced production to the cheapest overseas bidders, hollowing out the middle-class incomes on which consumer capitalism depended: The prison-industrial complex, higher education, and private medical sectors were intent on milking a public purse that no longer had a solid tax base with which to pay. Maximizing short-term profit worked brilliantly for sociopathic executives looking to climb the promotion ladder—but as a long-term strategy for stability, a spiraling Gini coefficient left a lot to be desired.”

Charles Stross book Rule 34

Source: Rule 34 (2011), Chapter 7, “Liz: Black Swans” (pp. 82-83)

Education , Law , Food , Communication

“The net worth of the 358 richest people in the world was then found to be 'equal to the combined income of the poorest 45 per cent of the worlds population - 2.3 billion people.”

David Harvey (1935) British anthropologist

Introduction to the 2006 Verso Edition, p. xi
The Limits To Capital (2006 VERSO Edition)

People , World

“Muslims had destroyed and looted the temples. The British did not do that but they took over a good deal of the temple lands as a 'revenue measure'; they did not use the word 'confiscation' and, in fact, converted some of these lands into 'monetary remuneration'. As a result, according to the Government of India's own comprehensive study beginning in 1962 and lasting for over ten years, the ten thousand five hundred and odd temples of Tamilnadu have a total annual income of only rupees twenty-seven million, from all their moveable and immoveable properties I Over 5,000 temples have only an annual income of Rs.500/- each! There is almost no money for the pujas, and the priests also hardly get anything. The only people who get proper remunerations are the Government functionaries employed to overseer the working of the temples. The 14,000 priests in Madhya Pradesh got five naya paisa per month at the time of Independence; now they get six naya paisa according to the Madhya Pradesh Pujaris Mahasangh!”

Ram Swarup (1920–1998) Indian historian

Hindu View of Christianity and Islam (1992)

Money , People , Study , Time

“Janeway Smithson was a little, insane, grey-haired bantam rooster of a man. He loaded five or six of us in one cab, and we rolled down to the bed of the L. A. River. Now in those days the L. A. River was a fake - there was no water, just a wide, flat, dry cement runway. The bums lived down there by the hundreds in little cement alcoves under the bridges and overpasses. Some of them even had potted plants in front of their places. All they needed to live like kings was canned heat (Sterno) and what they picked out of the nearby garbage dump. They were tan and relaxed and most of them looked a hell of a lot healthier than the average Los Angeles business man. Those guys down there had no problems with women, income tax, landlords, burial expenses, dentists, time payments, car repairs, or with climbing into a voting booth and pulling the curtain closed.”

Charles Bukowski book Factotum

Source: Factotum (1975), Ch. 71

Women , Angels , Cars , Guy

“We may not appreciate the fact; but a fact nevertheless it remains: we are living in a Golden Age, the most gilded Golden Age of human history — not only of past history, but of future history. For, as Sir Charles Darwin and many others before him have pointed out, we are living like drunken sailors, like the irresponsible heirs of a millionaire uncle. At an ever accelerating rate we are now squandering the capital of metallic ores and fossil fuels accumulated in the earth’s crust during hundreds of millions of years. How long can this spending spree go on? Estimates vary. But all are agreed that within a few centuries or at most a few millennia, Man will have run through his capital and will be compelled to live, for the remaining nine thousand nine hundred and seventy or eighty centuries of his career as Homo sapiens, strictly on income. Sir Charles is of the opinion that Man will successfully make the transition from rich ores to poor ores and even sea water, from coal, oil, uranium and thorium to solar energy and alcohol derived from plants. About as much energy as is now available can be derived from the new sources — but with a far greater expense in man hours, a much larger capital investment in machinery. And the same holds true of the raw materials on which industrial civilization depends. By doing a great deal more work than they are doing now, men will contrive to extract the diluted dregs of the planet’s metallic wealth or will fabricate non-metallic substitutes for the elements they have completely used up. In such an event, some human beings will still live fairly well, but not in the style to which we, the squanderers of planetary capital, are accustomed.”

Aldous Huxley (1894–1963) English writer

"Tomorrow and Tomorrow and Tomorrow" in Adonis and the Alphabet (1956); later in Collected Essays (1959), p. 293

Men , Alcohol , Age , History

“American communities require that new housing meet quality requirements that are very high by world or even Western European and Japanese standards. These requirements are designed by middle-class architects, planners, and citizens in conformity with what they believe is decent housing. But their concept of decency far surpasses what is necessary for human health and safety. Consequently, all new American dwellings are too costly for low-income people to occupy without direct subsidies. But subsidies are provided for only a few of the many households with incomes low enough to be eligible for them. So poor people live in unsubsidized older dwellings.”

Anthony Downs (1930) English economist and politologist

Source: Jay M. Stein (1996). Classic Readings in Real Estate and Development. p. 447

People , Health , World , Communication

“Unfortunately, the critics of economics have had a tendency to discuss the whole structure as a tissue of misconceptions. It is a critique that fails. The strength of economics is its considerable, if far from complete, understanding of the flows and comparative advantages that underlie trade, jobs, capital and incomes, and the logic of optimising behaviour, all backed by glittering accomplishment in mathematics. That makes it a powerful analytical instrument, so that just a few misconceptions – such as a failure to understand the informal economy or resource depletion – have leverage: like a baby monkey at the controls of a Ferrari, they can turn it into an instrument with extraordinarily destructive potential. If it were a tissue of errors, it would not be dangerous: it is its 90 percent brilliance which makes it so.”

David Fleming (1940–2010) British activist

Lean Logic, (2016), p. 123, entry on Economics http://www.flemingpolicycentre.org.uk/lean-logic-surviving-the-future/

Error , Mathematics , Failure , Understanding

“Anybody can reduce taxes, but it is not so easy to stand in the gap and resist the passage of increasing appropriation bills which would make tax reduction impossible. It will be very easy to measure the strength of the attachment to reduced taxation by the power with which increased appropriations are resisted. If at the close of the present session the Congress has kept within the budget which I propose to present, it will then be possible to have a moderate amount of tax reduction and all the tax reform that the Congress may wish for during the next fiscal year. The country is now feeling the direct stimulus which came from the passage of the last revenue bill, and under the assurance of a reasonable system of taxation there is every prospect of an era of prosperity of unprecedented proportions. But it would be idle to expect any such results unless business can continue free from excess profits taxation and be accorded a system of surtaxes at rates which have for their object not the punishment of success or the discouragement of business, but the production of the greatest amount of revenue from large incomes. I am convinced that the larger incomes of the country would actually yield more revenue to the Government if the basis of taxation were scientifically revised downward. Moreover the effect of the present method of this taxation is to increase the cost of interest. on productive enterprise and to increase the burden of rent. It is altogether likely that such reduction would so encourage and stimulate investment that it would firmly establish our country in the economic leadership of the world.”

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

1920s, Second State of the Union Address (1924)

World , Feeling , Business , Success

“The income tax completely destroys the immunity of property. It flatly declares a prior right of the State to all things produced. What it permits the individual to retain is a concession to expediency, not by any means a right; for the State retains the liberty to set rates and to fix exemptions from year to year, as its convenience dictates. Thus, the sacred right of private property is violated, and the fact that it is done pro forma makes the violation no less real than when it is done arbitrarily by an autocrat.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: One is A Crowd: Reflections of An Individualist (1952), p. 47

“Socialism as the final concept of duty, the ethical duty of work, not just for oneself but also for one’s fellow man’s sake, and above all the principle: Common good before own good, a struggle against all parasitism and especially against easy and unearned income. And we were aware that in this fight we can rely on no one but our own people. We are convinced that socialism in the right sense will only be possible in nations and races that are Aryan, and there in the first place we hope for our own people and are convinced that socialism is inseparable from nationalism.”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

"Why We Are Anti-Semites," August 15, 1920 speech in Munich at the Hofbräuhaus. Speech also known as "Why Are We Anti-Semites?" Translated from Vierteljahrshefte für Zeitgeschichte, 16. Jahrg., 4. H. (Oct., 1968), pp. 390-420. Edited by Carolyn Yeager. https://carolynyeager.net/why-we-are-antisemites-text-adolf-hitlers-1920-speech-hofbr%C3%A4uhaus
1920s

People , Hope , Sense , Fight

“It is interesting to note that in nearly all the economics courses it is taught that the income tax is the proper instrument for the regulation of the country’s economy; that private property is not an inalienable right (in fact, there are no inalienable rights); that the economic ills of the country are traceable to the remnants of free enterprise; that the economy of the nation can be sound only when the government manages prices, controls wages, and regulates operations. This was not taught in the colleges before 1913.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: The Income Tax: Root of All Evil (1954), p. 34

Country

“My views are more akin to the nineteenth-century liberal philosophy espoused by Milton Friedman, especially in his Capitalism and Freedom. In that work, he proposed many policies that are harmonious with free markets and are receiving serious attention in the United States and other countries. This list includes school choice, the flat-rate income tax, rules for monetary stability, privatized social security, and the elimination of affirmative-action programs.”

Robert Barro (1944) American classical macroeconomist

Getting It Right (1997); Introduction

School , Freedom , Country

“I know that when I look at today’s Mexicans and Central Americans, they seem to me fundamentally the same as my grandparents seeking a better life in America. On the other side, however, open immigration can’t coexist with a strong social safety net; if you’re going to assure health care and a decent income to everyone, you can’t make that offer global. So Democrats have mixed feelings about immigration; in fact, it’s an agonizing issue.”

Paul Krugman (1953) American economist

"The Curious Politics of Immigration" http://krugman.blogs.nytimes.com/2010/04/26/the-curious-politics-of-immigration/, 26 April 2010, The Conscience of a Liberal blog at The New York Times

Life , Health , Feeling , Strong

“We must move toward a soundly based and widely distributed economic well-being. This is the 'theory of plenty' as distinguished from the 'theory of scarcity' which has dominated our recent economic thinking and politics. Our yardstick, according to my thinking, I consists of the most effective balance between the following: First, the reduction in the real costs and selling! prices of goods and services; second, a more economic balance of national income through policies affecting wages, hours, prices and profits.”

Alfred P. Sloan (1875–1966) American businessman

Cited in: Charles Cullen Chapman (1936), The development of American business and banking thought, 1913-1936. p. 265
New York Times interview, 1935

Thinking

“We got rich by violating one of the central tenets of economics: thou shall not sell off your capital and call it income. And yet over the past 40 years we have clear-cut the forests, fished rivers and oceans to the brink of extinction and siphoned oil from the earth as if it possessed an infinite supply. We've sold off our planet's natural capital and called it income. And now the earth, like the economy, is stripped.”

Kalle Lasn (1942) Estonian-Canadian film maker, author, magazine editor and activist

Hey President Obama http://www.adbusters.org/magazine/82/obama_economics.html/. Adbusters (March 24, 2009).

Nature , Fish , Past

“Americans must know that we're putting the American people first again on trade, on immigration, on foreign policy. The jobs, incomes and security of the American worker will always be my first priority. No country has ever prospered that failed to put its own interests first. Both our friends and our enemies put their countries above ours and we, while being fair to them, must start doing the same. We will no longer surrender this country or its people to the false song of globalism. The nation-state remains the true foundation for happiness and harmony. I am skeptical of international unions that tie us up and bring America down, and will never enter America into any agreement that reduces our ability to control our own affairs.”

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

2010s, 2016, April, Foreign Policy Speech (27 April 2016)

People , Falseness , Country , Happiness

“Women's greater social desirability and beauty power afford opportunities for creating both measurable and invisible income. While the opportunities are available to almost all women and some men, they are available in abundance to the genetic celebrity … a woman so beautiful that men do more than look and talk--they follow her.”

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

Source: Why Men Earn More (2005), p. 191.

Women , Men , Beauty

“What is the defining difference between passive and active citizens? Curiously, it isn't income, geography, or even education. It depends on whether or not they read for pleasure and participate in the arts. These cultural activities seem to awaken a heightened sense of individual awareness and social responsibility.”

Dana Gioia (1950) American writer

Commencement speech, Stanford University (2007-06-17)
Speeches and lectures

Pleasure , Education , Art , Sense

“[…] Markus Jäntti, a Finnish economist at the University of Helsinki, who with his colleagues looked at inherited disadvantage—in other words, how much worse your chances are for success if you’re born into a low-income family. They found that in the United States, 40 percent of men who were born into the lowest income bracket stayed in it. In the Nordic countries, that figure was only 25 percent. […] America is no longer the land of opportunity, northern Europe is. This is the reality that led the British Labour Party leader Ed Miliband to make his surprising statement in 2012: “If you want the American dream, go to Finland.””

Anu Partanen (1975) journalist

Source: The Nordic Theory of Everything, Chapter 7

Men , Family , Dreams , Reality

“Since the State thrives on what it expropriates, the general decline in production that it induces by its avarice foretells its own doom. Its source of income dries up. Thus, in pulling Society down it pulls itself down. Its ultimate collapse is usually occasioned by a disastrous war, but preceding that event is a history of increasing and discouraging levies on the marketplace, causing a decline in the aspirations, hopes, and self-esteem of its victims.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: The Rise & Fall of Society (1959), p. 150

War , Hope , History

“Inflation and Employment in capitalist countries, in my own view, the change is the other way around: the constraints on the pressure of demand tend to be excessive, with the result that unemployment is much greater than can be justified by the needs of resource-allocation, and the rate of economic growth is appreciably less than it could be.
The main reason for this is that the distribution of power and, ultimately, the distribution of incomes, changes in favor of labor the faster the economy grows and the nearer it is to full employment, and over a longer period it changes in favor of capital the greater the volume of unemployment. This is the real reason why the continuance of Keynesian policies after the war led to a recrudescence of long-discredited ideas that go by the name of “monetarism.” The main attraction of monetarism was not its intellectual simplicity— inflation is a matter of the money supply, period— but that it elevated the fear of inflation to the unique position which could not be justified by the experience of numerous countries who habitually suffer from it.”

Nicholas Kaldor (1908–1986) British/Hungarian economist

Nicholas Kaldor, Economics without Equilibrium (1985), p.37-38

Money , War , Fear , Way

“The interviewer Stina Dabrowski said to Thatcher: "So when people criticise you and say what it led to the period when you were prime minister was that the rich became richer and the poor and the became poorer." Thatcher replied "That is not correct. The poor also became less poor, because the benefits at the bottom for those who are genuinely poor do go up. Money spend on education goes up and on the Health Service goes up so that is not true. What happens you might get a bigger gap but you might start here creates a small gap particularly if you're paying top tax today - 83% on earnings and income and 98% on savings. Your gap goes up, it does go up, but the whole thing moves up the gap, you must give people incentive!”

Margaret Thatcher (1925–2013) British stateswoman and politician

Quoted from an interview with Stina Dabrowski. Margaret Thatcher on rising to power, and resigning from it https://www.youtube.com/watch?v=p_gnhy7eT1s (1995)
Post-Prime Ministerial

Money , People , Health , Education

“If you want to be served you must draw the distinction between those who want to serve you and those who don't, and if the electors of South Lancashire and of the country generally are contented to allow this method of expenditure to go on, this Continental system of feeding the desires of classes and portions of the community at the expense of the whole—it is idle for you to satisfy yourselves with vague and general promises. … If that is to be the system on which public finance is to be administered you must be prepared to resign all hopes of remission of taxation, even in good years, and in bad years you must look for a steady augmentation of the income-tax.”

William Ewart Gladstone (1809–1898) British Liberal politician and prime minister of the United Kingdom

Speech in Leigh, Lancashire (20 October 1868), quoted in The Times (21 October 1868), p. 11.
1860s

Hope , Communication , Drawing , Country

“In the city of Agra there was a large temple, in which there were numerous idols, adorned and embellished with precious jewels and valuable pearls. It was the custom of the infidels to resort to this temple from far and near several times in each year to worship the idols, and a certain fee to the Government was fixed upon each man, for which he obtained admittance. As there was a large congress of pilgrims, a very considerable amount was realized from them, and paid into the royal treasury. This practice had been observed to the end of the reign of the Emperor Shah Jahan, and in the commencement of Aurangzeb's government; but when the latter was informed of it, he was exceedingly angry and abolished the custom. The greatest nobles of his court represented to him that a large sum was realized and paid into the public treasury, and that if it was abolished, a great reduction in the income of the state would take place. The Emperor observed, 'What you say is right, but I have considered well on the subject, and have reflected on it deeply; but if you wish to augment the revenue, there is a better plan for attaining the object by exacting the jizya. By this means idolatry will be suppressed, the Muhammadan religion and the true faith will be honoured, our proper duty will be performed, the finances of the state will be increased, and the infidels will be disgraced.”

Aurangzeb (1618–1707) Sixth Mughal Emperor

'This was highly approved by all the nobles; and the Emperor ordered all the gold en and silver idols to be broken, and the temple destroyed.
Kanzul-Mahfuz (Kanzu-l Mahfuz), in: Elliot and Dowson, Vol. VIII, pp. 38 -39.
Quotes from late medieval histories

Faith , Religion , Time

“To cope with this difficulty [of limited capacity], even a mechanical recognition system must have some way to select portions of the incoming information for detailed analysis.”

Ulric Neisser (1928–2012) American psychologist

Source: Cognitive Psychology, 1967, p. 94

Way

“Over short periods, the relation between growth in money and growth in nominal income is often hard to see, partly because the relation is less close for short than for long periods, but mostly because it takes time for changes in monetary growth to affect income. And how long a time is itself variable. Today's income growth is not closely related to today's monetary growth; it depends on what has been happening to money in the past. What happens to money today affects what is going to happen to income in the future”

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

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

Money , Change , Time , Past

“I don't believe that right now this country needs a draft. I've proposed a 5% tax break for all people who serve honorably in the military. […] If you go to the typical income of a veteran, it's about $30-something-thousand, so it's not a high-cost program. And it's targeted to people who've served. And one of the things that that would do is to bring more people from across class lines into the military.”

Jim Webb (1946) American politician, military officer and author

Meet the Press with Tim Russert, September 17, 2006

People , Country

“I have to say, Mr. Deputy Speaker, the Ministers are like fraudsters in the fairy tale, telling gullible Liberal Democrat MPs about the beautiful progressive clothes that the emperor is wearing, if only they are clever enough and loyal enough to see them. And desperately, we have Liberal Democrats clinging to shreds of invisible cloth, reaching deep into their Liberal and Conservative history to pretend that they can be progressive now. They are claiming that Keynes might have backed the Budget. They are calling on Beveridge for support, kidding themselves that they can call on their history and that they are following in the footsteps of great liberal Conservatives like Winston Churchill, who supported the minimum wage, but the truth is that the emperor has no clothes.
The truth is that if you look at the detail, the Budget is nastier than any brought in by Margaret Thatcher. Instead of Churchill, Keynes or the founders of the welfare state, the Liberal Democrats have signed up, with the Right Honourable Member for Chingford and his Chancellor, to cut support for the poor. It is perhaps apt that in this week of World Cup disappointments, it was actually a footballer who got it right. In 2002, after England were defeated in the World Cup by Brazil, Gareth Southgate reflected ruefully on England's performance and said:
"We were expecting Winston Churchill and instead got Iain Duncan Smith."
That is the reality for the Liberal Democrats now. With all their high hopes, they have betrayed the poor and the vulnerable, whom they stood up to defend.
[The Minister of State, Department for Work and Pensions (Steve Webb) rose]
I will give way to the hon. Gentleman because I know he has a history of supporting people on low incomes and I do not know why he is betraying it now.”

Yvette Cooper (1969) British politician

During a budget response debate http://www.publications.parliament.uk/pa/cm201011/cmhansrd/cm100628/debtext/100628-0012.htm, 28 July, 2010. Link to the video http://www.youtube.com/watch?v=NtORBuxY0MU.

People , Truth , World , Beauty

“Those incentives have made the legacy of this Courts public purpose test an unhappy one. In the 1950s, no doubt emboldened in part by the expansive understanding of public use this Court adopted in Berman, cities rushed to draw plans for downtown development. Of all the families displaced by urban renewal from 1949 through 1963, 63 percent of those whose race was known were nonwhite, and of these families, 56 percent of nonwhites and 38 percent of whites had incomes low enough to qualify for public housing, which, however, was seldom available to them. Public works projects in the 1950s and 1960s destroyed predominantly minority communities in St. Paul, Minnesota, and Baltimore, Maryland. In 1981, urban planners in Detroit, Michigan, uprooted the largely lower-income and elderly Poletown neighborhood for the benefit of the General Motors Corporation. Urban renewal projects have long been associated with the displacement of blacks; [i]n cities across the country, urban renewal came to be known as Negro removal. Over 97 percent of the individuals forcibly removed from their homes by the slum-clearance project upheld by this Court in Berman were black. Regrettably, the predictable consequence of the Court’s decision will be to exacerbate these effects.”

Clarence Thomas (1948) Associate Justice of the Supreme Court of the United States

Dissenting Kelo v. New London http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=US&navby=case&vol=000&invol=04-108.
2000s, Kelo v. New London (2005)

Family , Home , Communication , Understanding

“Unless the fundamental categories of economics such as ‘property’ were to be redefined in a radically personal way the liberal rationalist curse which had established economics as a scientific discipline cut off from human interests would proliferate. Economic models … have failed to incorporate any meaningful index of individual benefit other than the original utilitarian one, … the index of increasing income or an increasing flow of commodities.”

John Carroll (1944) Australian professor and author

Source: Break-Out from the Crystal Palace (1974), p. 145

Way , Personality

“Money not spent on a luxury one considered even briefly is the equivalent of windfall income and should be spent accordingly.”

Calvin Trillin (1935) American journalist

"Alice's Law of Compensatory Cash Flow" in Alice, Let's Eat (1978) ("Alice" was his wife, Alice Trillin)

Money

“What happened in 1828 is also a very curious fact. 1828 was a crucial moment in the history of the tariff, because the national debt was just being paid off, and so the income from the tariff would produce a surplus in the treasury. And at that time, there was a great fear that a surplus in the federal treasury might be used to buy the freedom of slaves.”

Harry V. Jaffa (1918–2015) American historian and collegiate professor

2000s, The Real Abraham Lincoln: A Debate (2002), Rebuttal

Fear , History , Freedom , Time

“For 40 years, everyone running for president has released their tax returns. You can go and see nearly, I think, 39, 40 years of our tax returns, but everyone has done it. We know the IRS has made clear there is no prohibition on releasing it when you're under audit. So you've got to ask yourself, why won't he release his tax returns? And I think there may be a couple of reasons. First, maybe he's not as rich as he says he is. Second, maybe he's not as charitable as he claims to be. Third, we don't know all of his business dealings, but we have been told through investigative reporting that he owes about $650 million to Wall Street and foreign banks. Or maybe he doesn't want the American people, all of you watching tonight, to know that he's paid nothing in federal taxes, because the only years that anybody's ever seen were a couple of years when he had to turn them over to state authorities when he was trying to get a casino license, and they showed he didn't pay any federal income tax. So if he's paid zero, that means zero for troops, zero for vets, zero for schools or health. And I think probably he's not all that enthusiastic about having the rest of our country see what the real reasons are, because it must be something really important, even terrible, that he's trying to hide. And the financial disclosure statements, they don't give you the tax rate. They don't give you all the details that tax returns would. And it just seems to me that this is something that the American people deserve to see. And I have no reason to believe that he's ever going to release his tax returns, because there's something he's hiding.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), First presidential debate (September 26, 2016)

People , Health , School , Business

“Such was the erosion of demography and prosperity that after the capture of Brahmanabad, "all people, the merchants, artisans and agriculturists were divided separately into their respective classes, and (only) ten thousand men, high and low, were counted. Muhammad Qasim then ordered twelve dirhams weight of silver (i. e., twelve silver coins or their equivalent) to be assigned to each man (for rehabilitation), because all their property had been plundered."15 The Brahmans, "the attendants of the temples were likewise in distress. For fear of the (Muslim) army, the alms and bread were not regularly given to them, and therefore they were reduced to poverty."16 From the destruction of Debal to the end of the campaign temples had been broken with the zeal of an iconoclast and their purohits and other dependents had no employment, no income. "It was ordained (by Qasim) that the Brahman should, like beggars, take a copper basin in their hands, go to the doors of the houses, and take whatever grain or other thing that might be offered to them, so that they might not remain unprovided for."”

Muhammad bin Qasim (695–715) Umayyad general

Chachnama, E.D. vol. I, quoted from Lal, K. S. (1999). Theory and practice of Muslim state in India. New Delhi: Aditya Prakashan. Chapter 4

Men , People , Fear , Housing

“People on all levels of income are better off than they were in 1979. The hon. Gentleman is saying that he would rather that the poor were poorer, provided that the rich were less rich. That way one will never create the wealth for better social services. as we have. What a policy. Yes, he would rather have the poor poorer, provided that the rich were less rich. That is the Liberal policy.”

Margaret Thatcher (1925–2013) British stateswoman and politician

From her last House of Commons speech (22 November 1990) http://www.margaretthatcher.org/document/108256; response to M.P. Simon Hughes
Third term as Prime Minister

People , Way , Wealth

“I'm a little concerned about this notion everybody wants us to be objective," Jennings said.
Jennings said that everyone — even journalists — have points of view through which they filter their perception of the news. It could be race, sex or income. But, he said, reporters are ideally trained to be as objective as possible.
"And when we don't think we can be fully objective, to be fair.”

Peter Jennings (1938–2005) News anchor

Interview for KETV NewsWatch 7 as quoted in article at The Omaha Channel (19 October 2004)

Sex , Thinking , Training

“Since the 1980s, the American business cycle has been based on financial and credit bubbles, and therefore on the enrichment, through the capital markets, of a very small number of people in a very few places. Truly we have become a 'trickle-down economy' — as we were not before. A rising tide may lift all boats, but recent business cycles have been more like waves, whereby certain sectors and areas ride the peaks before crashing to the shore. This is a sign, surely, not of the social evil of inequality per se but of the instability of bubble economies, closely associated with inequality of income, wealth, and power, for which we now pay a fearsome price.”

James K. Galbraith (1952) economist

James K. Galbraith (2012), Inequality and Instability: A Study of the World Economy. p. 148; Cite in: " Muddling Towards the Next Crisis: James Kenneth Galbraith in conversation with The Straddler http://www.thestraddler.com/201310/piece2.php" at thestraddler.com, Winter 2013.

People , Business , Evil , Wealth