“One of the most insidious consequences of the present burden of personal income tax is that it strips many middle class families of financial reserves & seems to lend support to campaigns for socialized medicine, socialized housing, socialized food, socialized every thing. The personal income tax has made the individual vastly more dependent on the State & more avid for state hand-outs. It has shifted the balance in America from an individual-centered to a State-centered economic & social system.” MadeStatesHandsSeemsAmericaIndividualSocialClassSupportEconomicMiddleBalanceTaxesConsequenceMedicineFinancialBurdenCampaignsIncomeDependentMiddle ClassReservesHousingIncome TaxInsidiousSocial SystemsAvidMiddle Class FamilySocialized Medicine Author:William Henry Chamberlin
“Religion to be true must satisfy what may be termed humanitarian economics, that is, where the income and the expenditure balance each other.” MayReligionBalanceEconomicsHumanitarianIncomeBeing TrueExpenditures Book:How to Serve the Cow Source: How to Serve the Cow
“If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here.” IfsLooksInterestPayReturnAmountBalanceHigherEqualAccountsRateDebtIncomeAssetsEarningSheetsBalance Sheets Author:Milton Friedman
“At age nine, I got a paper route. Sixty-six papers had to be delivered to sixty-six families every day. I also had to collect thirty cents a week from each customer. I owed the paper twenty cents per customer per week, and got to keep the rest. When I didn't collect, the balance came out of my profit. My average income was six dollars a week.” AgeWeekBalancePaperSixTwentiesDollarsAverageProfitCustomersNineIncomeThirtyCentsSixtyRoutesPapers Book:Wins, Losses, and Lessons: An Autobiography Source: Wins, Losses, and Lessons: An Autobiography
“The problems of the global economy are not based in perception, but in the reality of prices, balance sheets and income statements, vast concentrations of wealth and power, precarious systemic imbalances, ruthless exploitation, and command economies mismanaged by Central State/Bank policy and manipulation.” StatesProblemRealityWealthEconomyPolicyBalancePerceptionIncomeStatementsCommandConcentrationManipulationExploitationSheetsRuthlessGlobal EconomyImbalancePrecariousBalance SheetsConcentration Of WealthCommand Economy Author:Charles Hugh Smith
“People that live in the Northeast are leaving the Northeast for a whole host of reasons. They're relocating in Southern states and Midwestern states - no-income-tax states, milder climate states - and it's affecting the balance of power in those states.” PeopleStatesReasonWholeBalanceTaxesClimateLeavingIncomeSouthernHostIncome TaxBalance Of PowerRelocating Author:Rush Limbaugh