“It's clear to me when you do private equity well, you're making companies more efficient and helping them grow and become more profitable. That success means our investors - such as public pension funds - benefit, which contributes to the economic wealth of society.” WellsMeanHelpingGrowsWealthCompanyClearEconomicBenefitsFundInvestorsEfficientEquityProfitablePensionPrivate Equity Author:David Rubenstein
“The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services.” Has BeensStatesGovernmentNationsSimplePlansMembersBenefitsSolutionsStrategyInvestmentInvestingBillionsLocalsSavingCorporationsServantGiantsEmployeeRemarkableFundRetirementAssetsFederal GovernmentAdoptedSavingsPensionCornerstonesThriftPublic ServantsLocal GovernmentIndex FundsArmed ServicesGovernment EmployeesIndexingPension Plans Author:David F. Swensen
“Money actually becomes even more difficult than other things because it's very hard to imagine what the benefits are to saving. So, imagine that you see a new bicycle, a new pair of shoes, or something today. You know exactly what you are giving up if you are not buying it, what are you gaining in the future if you are not getting it. So, you are giving up the bicycle today, what is it in the future? What will happen if you send another $1,000 to your retirement fund? What difference will it make? It is very, very hard to figure out.” IfsKnowsGivingHardHappensTodayDifficultDifferencesImagineFiguresGiving UpBenefitsShoesSavingBuyingFundPairsRetirementImagine ThatBicyclePair Of Shoes Author:Dan Ariely
“In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption.” WorldKindChildrenProblemGrowthWealthGoneEconomicHugeAmountBenefitsSpringProgramManagementInternationalPopulationBlowCorruptionReformConcentrationFundMarvelousEgyptWagesMonetaryPostersArab SpringImfWorld BankConcentration Of Wealth Author:Noam Chomsky
“There was a time traditionally - say, GM in the 1950s - it was trying to develop a consumer base that would be loyal and lasting and they were thinking in terms of an institution that would remain and grow and thrive in the society. By now, a lot of the investment firms - bankers, hedge funds - are perfectly happy to destroy what they're in and come out with huge, tremendous benefits. That's a new stage of capitalism.” ThinkingTryingWould BeGrowsTermStageHugeBenefitsCapitalismInstitutionsInvestmentConsumersFirmThriveFundLastingLoyalBankersHedge Fund Author:Noam Chomsky
“The main thrust of the Social Security reform was to get the benefit structure in line with the realities of the Trust Funds.” RealitySocialLinesSecurityBenefitsStructureReformFundSocial SecurityThrustTrust Funds Author:George W. Bush
“The fact remains that we're running a presidential campaign. And we're doing that through appearances like today, fund-raisers like today, where Donald Trump was in Texas, raising money, not just for the trump campaign, but, drumroll, please, for the RNC and the Republican committees, which benefits all these candidates that Paul Ryan is trying to protect.” TryingFactsRunningTodayTrumpPleaseRepublicanProtectBenefitsRemainsAppearanceCampaignsPresidentialCandidatesFundTexasCommitteesPresidential CampaignRaising Money Author:Kellyanne Conway
“They have two aspects. One is that they're unpredictable, and that often rich and more affluent households are slow to spend the funds. The other thing about tax cuts is that they're redistributive. So they tend, naturally, to benefit those who pay tax.” TwoPayRichCuttingTaxesBenefitsAspectFundHouseholdUnpredictableTax CutsAffluent Author:Judy Woodruff
“You can think of the Health Impact Fund as a mechanism that would keep the benefits and burdens of pharmaceutical innovation for the affluent roughly as they are while massively reducing the burdens presently imposed upon the poor. This sounds like magic. But it really works because the current system is not Pareto efficient. It's a system that generates hundreds of billions of dollars in litigation costs and deadweight losses that HIF-registered medicines would sidestep. By avoiding these losses, the HIF reform can bring improvements all around - including for pharmaceutical innovators.” ThinkingSoundLossPoorMagicCostBenefitsInnovationImpactDollarsMedicineIncludingCurrentsBurdenBillionsImprovementReformFundMechanismEfficientAvoidingWeight LossReducingInnovatorsAffluentPharmaceutical Author:Thomas Pogge
“People know that billions of pounds are wasted. Billions of pounds never get near the families that need it. It is an absolute outrage that hard-working people go out to work every day, get up early, come back late, don't see enough of their families in order to pay taxes to fund vast bureaucracies that are inefficient in order to fund a welfare system which allows too many people to sit for the whole of their lives on out-of-work benefits without going out to look for work.” PeopleKnowsNeedsLooksHardEnoughWholeOrderPayHard WorkTaxesBenefitsLateAbsolutesBillionsGet UpWelfarePoundsFundGoing OutBureaucracyOutrageUp Early Author:George Osborne
“Unlike most government programs, Social Security and, in part, Medicare are funded by payroll taxes dedicated specifically to them. Some of the tax revenue pays for current benefits; anything that's left over goes into trust funds for the future. The programs were designed this way for political reasons.” WayReasonGovernmentPoliticalLeftSocialPaySecurityTaxesBenefitsProgramCurrentsFundDedicatedSocial SecurityRevenueMedicareGovernment ProgramsPayrollTrust FundsPayroll Tax Author:James Surowiecki