“To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.” ShouldFirstsSocialSecurityBenefitsGainsIncreaseImpactWorkersIncomeConsumersTypicalSocial SecurityInflationAmerican Workers Author:Steven Rattner
“We have to adjust the age retirement for younger people. People of my income level are going to have to have their benefits means-tested. Democrats are going to want a simpler tax code.” PeopleWantMeanAgeLevelsTaxesBenefitsDemocratIncomeCodeRetirementTested Author:Lindsey Graham
“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.” WayHumansIndividualInterestCuttingEconomicDisciplineBenefitsModelsEconomicsFlowOriginalsFundamentalsPropertyMeaningfulIncomeCurseCategoriesCommodityUtilitarianEconomic Models Author:John Carroll
“[The Democrats] will say that the Reagan administrtion has given benefits to the rich at the expense of the poor - a term that they define broadly to include middle-income people, women, minorities, the aged, the young, farmers, steelworkers, and others.” PeopleYoungGivenTermPoorRichMiddleBenefitsDemocratIncomeMinoritiesExpensesFarmersAmerican Politics Author:Herbert Stein
“Amazons Jeff Bezos, Facebooks Mark Zuckerberg, Bill Gates, and Steve Jobs did not start out wealthy, and actually added to income inequality, but we all benefit from their creative effort.” JobsEffortCreativeBenefitsMarkBillsIncomeInequalityGatesWealthyIncome InequalityZuckerberg Author:Foster Friess
“I've said repeatedly publicly, and other members have, that until you adjust the eligibility for entitlements, do things like raising the age for Medicare for future beneficiaries. Not for those currently receiving or those about to receive. Have serious means testing for high income people. You know Warren Buffett's always complaining about not paying enough taxes. And what I'm complaining about is we're paying for his Medicare. We ought not to be providing these kinds of benefits for millionaires and billionaires.” PeopleKnowsKindMeanSaidEnoughAgeSeriousOughtTaxesMembersBenefitsComplainingIncomeReceivingProvidingTestingMillionaireEntitlementBillionaireMedicareBeneficiariesBuffettWarren BuffetAlways ComplainingEligibility Author:Mitch McConnell
“Equal pay isn't just a women's issue; when women get equal pay, their family incomes rise and the whole family benefits.” WholePayIssuesEqualBenefitsEqualityIncomeSisterhoodWhole FamilyEqual PayEquality Of PeopleEquality For All Author:Michael M. Honda
“When the average Social Security benefit is $1328 a month, and more than one-third of our senior citizens rely on Social Security for Virtually all of their income, our job is to expand benefits, not cut them.” JobsSocialCuttingSecurityMonthsCitizensBenefitsThirdsAverageIncomeRelySeniorSocial SecuritySenior Citizen Author:Bernie Sanders
“The idea that a relatively fixed group of privileged people might shape the economy and government for their own benefit goes against the American grain. Nevertheless, the owners and top-level managers in large income-producing properties are far and away the dominant power figures in the United States. Their corporations, banks, and agribusinesses come together as a corporate community that dominates the federal government in Washington. Their real estate, construction, and land development companies form growth coalitions that dominate most local governments.” PeopleIdeasRealStatesGovernmentMightTogetherFormGrowthCommunityLevelsUnitedCompanyUnited StatesEconomyGroupsLandFiguresDevelopmentShapesBenefitsPropertyIncomeLocalsManagersCorporateCorporationsFixedOwnersConstructionGrainNeverthelessDominantEstatesPrivilegedFederal GovernmentCoalitionsLocal GovernmentAgribusiness Author:G. William Domhoff
“The more the state gives to its citizens, the less they have to earn. That is the basic concept of the welfare state - you receive almost everything you need without having to earn any of it. About half of Americans now pay no federal income tax - but they receive all government benefits just as if they had paid for, i.e., earned them.” IfsNeedsGivingStatesGovernmentPayHalfCitizensTaxesBenefitsConceptsPaidIncomeWelfareIncome TaxWelfare State Author:Dennis Prager
“If the present American laws concerning the taxation of the profits of corporations, the incomes of individuals, and inheritances had been introduced about 60 years ago, all those new products whose consumption has raised the standard of living of the 'common man' would either not be produced at all or only in small quantities for the benefit of a minority. The Ford enterprises would not exist if Henry Ford's profits had been taxed away as soon as they came into being.” IfsMenYearsLawIndividualCommonProductsBenefitsStandardsYears AgoRaisedProfitIncomeCorporationsEnterpriseMinoritiesQuantityConsumptionTaxationInheritanceStandards Of LivingCommon ManNew ProductsAmerican Law Author:Ludwig von Mises
“The theory of government I was taught says that government provides benefits, primarily security, to the entire population. In return we pay taxes. But lately the government has been a distributor of special privileges, taking money from some and giving it to others. America is now about evenly split between those who pay income taxes and those who consume them.” GivingHas BeensGovernmentAmericaPaySpecialSecurityTaughtTheoryReturnTaxesBenefitsPrivilegePopulationIncomeSplitsIncome TaxDistributors Author:John Stossel
“It is a certainty that Herbalife is a pyramid scheme. We believe it's harming a population of low-income, principally Hispanic people in the U.S. to benefit a handful of super wealthy people at the top of the pyramid.” PeopleBelieveBenefitsLowsPopulationIncomeCertaintyWealthySchemesHandfulPyramidsHispanicLow IncomePyramid SchemesHerbalife Author:Bill Ackman
“Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.” NeedsGivingDoeJobsWealthClassBreakRichEconomicPolicyTaxesBenefitsEconomicsIncreaseIncomeInequalityCorporationsFraudDeficitBillionaireEconomic PolicyTax BreaksTrickle DownWealth InequalityTrickle Down Economics Author:Bernie Sanders
“Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.” PeopleChildrenHas BeensMadeHelpingDevelopmentTaxesBenefitsResearchCreditIncomePermanentIncome TaxResearch And Development Author:Susan Davis
“Annual earnings in the fast-food industry are well below the income needed for self-sufficiency, and fast-food industry jobs are also much less likely than other jobs to provide health benefits.” WellsSelfJobsIndustryNeededBenefitsIncomeEarningAnnualsFast FoodSelf SufficiencySufficiencyFood IndustryHealth Benefits Author:David Rolf
“I will not cut benefits. I want to enhance benefits for low-income workers and for women who have been disadvantaged by the current Social Security system.” WantHas BeensSocialCuttingSecurityBenefitsLowsWorkersCurrentsIncomeSocial SecurityLow IncomeDisadvantagedSecurity Systems Author:Hillary Clinton
“Put yourself in the position of a person, sort of an ordinary American, "I'm a hard-working, god-fearing Christian. I take care of my family, I go to church, I, you know, do everything 'right'. And I'm getting shafted. For the last thirty years, my income has stagnated, my working hours are going up, my benefits are going down. My wife has to work two [jobs] to, you know, put food on the table. The children, God, there's no care for the children, the schools are rotten, and so on. What did I do wrong? I did everything you're supposed to do, but something's going wrong to me.” KnowsYearsChildrenPersonsTwoHardCareSchoolChristianJobsLastsHoursChurchWifePositionHard WorkBenefitsOrdinaryMy FamilyTablesTake CareMy WifeIncomeThirtyRottenThirty YearsTwo JobsWhat Did I Do Wrong Author:Noam Chomsky
“By the time we got to Courageous, we were bringing in more outsiders, so any time we would bring in outsiders, we would offer to pay them, and [as for volunteers from] the church, because they were getting the benefit of the income to all the ministries of the church and the mission, the building program and all those things, they knew up-front that they were volunteering and gladly did so.” ChurchPayFrontsBuildingOffersBenefitsProgramMissionsIncomeCourageousMinistryOutsidersVolunteer Author:Stephen Kendrick
“Requiring the payment of higher wages will lead to a loss of some jobs and a raising of prices which drives companies to search for automation to reduce costs. On the other hand, those receiving higher wages will spend more (the marginal propensity to consume is close to 1 for low income earners) and this will increase demand for additional goods and services. Henry Ford had the clearest vision of why companies can actually benefit by paying higher wages.” HandsJobsLossCompanyVisionHigherCostDemandBenefitsLowsIncreaseIncomeGoodsReceivingWagesPaymentPropensityGoods And ServicesLow IncomeAutomation Author:Philip Kotler
“For families across the UK who are income-poor, but more than that, whose lives are blighted by worklessness, educational failure, family breakdown, problem debt and poor health, as well as other problems, giving them an extra pound - say through increased benefits - will not address the reason they find themselves in difficulty in the first place.” GivingFirstsWellsReasonProblemPoorBenefitsDifficultyEducationalDebtIncomeExtrasAddressesPoundsBreakdownPoor Health Author:Iain Duncan Smith
“In many ways Scotland will benefit more than other parts of the UK when universal credit comes in. A larger percentage of people will see an increase in their income through moving into work or taking on more hours.” PeopleWayMovingHoursBenefitsUniversalIncreaseCreditIncomeScotlandPercentages Author:Iain Duncan Smith
“The biggest and most deadly 'tax' rate on the poor comes from a loss of various welfare state benefits - food stamps, housing subsidies and the like - if their income goes up.” IfsStatesLossPoorTaxesBenefitsRateVariousIncomeWelfareStampsHousingWelfare StateSubsidiesFood Stamps Author:Thomas Sowell
“When a destitute mother starts earning an income, her dreams of success invariably center around her children. A woman's second priority is the household. She wants to buy utensils, build a stronger roof, or find a bed for herself and her family. A man has an entirely different set of priorities. When a destitute father earns extra income, he focuses more attention on himself. Thus money entering a household through a woman brings more benefits to the family as a whole.” MenWantChildrenDifferentWholeDreamMotherFatherAttentionBedBenefitsStrongerPrioritiesIncomeExtrasHouseholdRoofEarningEnteringDestituteUtensils Author:Muhammad Yunus