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Century Quotes

“I trace the inequality to a particular set of decisions that we took when we lowered the tax rate from 91% down to very low levels at the top, where we stripped away regulations. So the result of that was not a more dynamic economy, but a more unequal society. We tried the experiment of trickle-down. A third of a century later, we can say fairly definitively that it was a failure.”

Decision Levels Results Economy Century Particular Taxes Lows Thirds Rate Experiments Inequality Regulation Low Level Trickle Down

Author:Joseph Stiglitz

“It's an irony that growing inequality could mean more money for philanthropy. In the US, quite a few of the ultra-rich have taken to heart the 19th century industrialist and philanthropist Andrew Carnegie's comment that it's a disgrace to die wealthy.”

Heart Mean Dies Rich Taken Growing Century Inequality Irony Wealthy Comment More Money Philanthropy Disgrace 19th Century Andrew Philanthropist Ultras Carnegie

Author:Geoff Mulgan

“Inequality of any kind, once considered a normal, natural part of human existence, came to be seen in the course of the twentieth century as increasingly illegitimate.”

Humans Kind Courses Natural Existence Century Normal Inequality Twentieth Century Human Existence

Book:The Case for Goliath: How America Acts As the World's Government in the Twenty-First Century

Source: The Case for Goliath: How America Acts As the World's Government in the Twenty-First Century

“We work harder and we earn less. Income inequality is at the highest point in over a century. While American capitalism never guaranteed success, it did guarantee opportunity, for too many, the dream of economic mobility has been replaced with a nightmare of economic stagnation.”

“The democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America.”