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Cost Quotes

“Inflation is not a Robin Hood, taking from the rich to give to the poor. Rather, it deals most cruelly with those who can least protect themselves. It strikes hardest those millions of our citizens whose incomes do not quickly rise with the cost of living. When prices soar, the pensioner and the widow see their security undermined, the man of thrift sees his savings melt away; the white collar worker, the minister, and the teacher see their standards of living dragged down.”

“The trouble with blaming powerless people is that although it's not nearly as scary as blaming the powerful, it does miss the point. Poor people do not shut down factories... Poor people didn't decide to use 'contract employees' because they cost less and don't get any benefits.”

“So Kim Kardashian is getting a divorce, 72 days after a wedding that is variously reported to have cost $10 million or more. Just to put that in perspective, that sum could have built 200 schools in poor countries around the world for kids who desperately want an education. Then Kardashian could have helped transform the world, not just entertain it. And the schools would have lasted incomparably longer than her marriage.”

“Pride can go without domestics, without fine clothes, can live in a house with two rooms, can eat potato, purslain, beans, lyed corn, can work on the soil, can travel afoot, can talk with poor men, or sit silent well contented with fine saloons. But vanity costs money, labor, horses, men, women, health and peace, and is still nothing at last; a long way leading nowhere.--Only one drawback; proud people are intolerably selfish, and the vain are gentle and giving.”

“Given the fact that poverty is growing, more and more Americans are losing health insurance, health care costs are going up, the middle class is shrinking, the gap between the rich and the poor is growing wider. That speaks to the weakness of the opposition. People do not like George W. Bush. But I think it's fair to say that they are not flocking to the Democratic Party, or see the Democrats as a real alternative.”

“Polak, a psychiatrist, has applied a behavioral and anthropological approach to alleviating poverty, developed by studying people in their natural surroundings. He argues that there are three mythic solutions to poverty eradication: donations, national economic growth, and big businesses. Instead, he advocates helping the poor earn money through their own efforts of developing low-cost tools that are effective and profitable.”

“With the Health Impact Fund, the innovation is paid for separately, through publicly funded health impact rewards, and the product is sold at the cost of production to all. Here, the cruel injustice of preventing the poor from buying at cost - evidenced by today's suppression of the trade in generic versions of patented medicines - would no longer be needed.”

“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.”