“To estimate the value of Newton's discoveries, or the delight communicated by Shakespeare and Milton, by the price at which their works have sold, would be but a poor measure of the degree in which they have elevated and enchanted their country; nor would it be less grovelling and incongruous to estimate the benefit which the country has derived from the Revolution of 1688, by the pay of the soldiers, and all other payments concerned in effecting it.” CountryWould BeValuesPoorPayRevolutionDegreesBenefitsDiscoveryConcernedSoldierDelightPaymentNewtonEnchantedMilton Book:Principles of political economy considered with a view to their practical application Source: Principles of political economy considered with a view to their practical application
“While the feds ... leave Social Security off their books, the government's obligation to make benefit payments to current and near-term Social Security recipients is certainly no less real than its obligation to pay interest on its Treasury bonds.” BookRealGovernmentSocialTermInterestPayLibertySecurityBenefitsCurrentsLibertarianObligationFedsLibertarianismSocial SecurityPaymentTreasuryTreasury Bond Author:Laurence Kotlikoff
“We stiffened the penalties for fraud, we extended nationwide efforts to make sure that payments are accurate and they closed a loophole in which people were gaming the system. We didn't change eligibility requirements or reduce the level of benefits.” PeopleLevelsEffortBenefitsFraudAccuratePenaltiesRequirementsPaymentGamingLoopholesEligibility Author:Kevin Drum
“"The Constitution" has something called The Emoluments Clause. That's just a fancy, 18th century word for no foreign government payments. And Donald Trump is collecting foreign government payments and other benefits throughout his business.It is a direct violation of "The Constitution" and unless he divests, not just operations, he must divest from all business interests or he will be in violation of "The Constitution" from day one.” GovernmentInterestCenturyTrumpBenefitsDirectConstitutionOperationsFancyPaymentViolationCollectingClauses18th Century Author:Norman L. Eisen
“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