“There'll be some savings from preventing double dipping by public servants which are currently able to access not one but two fully tax payer funded schemes and of course there will be out paid parental leave levy. So all up not only is this an important economic reform, an important reform to have to grow our economy more strongly, it also will leave the budget better off which will help us fix the mess that Labor has created with the budget.” TwoImportantHelpingAbleCoursesGrowsEconomyEconomicTaxesLaborPaidAccessSavingMessReformBudgetsServantGet BetterSchemesBetter OffSavingsPreventingParentalPublic ServantsEconomic Reforms Author:Tony Abbott
“Obviously, our most pressing need is subsistence for the most vulnerable victims of Katrina, but we should not overlook the fact that the victims of Katrina also include middle-class Americans who have saved and invested, but now face an economic crisis, .. They should be able to tap into their savings and meet this crisis without facing an unfair penalty.” NeedsShouldFactsAbleFacesClassEconomicMiddleCrisisVictimSavedVulnerableSavingMiddle ClassUnfairPenaltiesSavingsKatrinaEconomic CrisisSubsistence Author:Artur Davis
“Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread.” EconomyEconomicPolicyLowsInnovationRateFinancialSpreadSavingRegulationConsumptionSavingsInappropriateDerivativesEconomic PolicySupervisionMacro Author:Wen Jiabao
“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.” WayYearsRealSeemsInterestDifferencesPayEconomicPeriodsTaxesPercentAccountsIncomeSavingZeroInflationSavingsOutrageousWidowsIncome Tax Author:Warren Buffett
“Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an act of charity. And further, I believe it to be - as a type - the greatest economic charity of all.” BelieveFactsSeemsI BelieveViewsSupportEconomicTypeAmountToolsLogicCharityProductionsSavingSavingsActs Of Charity Author:F. A. Harper
“The only sure way to stop excessive risk taking on Wall Street so you don't risk losing your job, or your savings or your home, is to put an end to the excessive economic and political power of Wall Street by busting up the big banks.” WayEndsHomeBigsJobsPoliticalRiskEconomicStreetsWallLosingSavingSavingsPolitical PowerRisk-takingBusting Author:Robert Reich
“Why is no one talking about all the potential savings from a complete economic collapse?” TalkingEconomicSavingCollapseSavingsEconomic Collapse Author:Eugene Mirman
“Anecdote: The East End seemed to be in the grip of yet another economic crisis. ... By the winter of 1933, an army of the unemployed gathered daily outside the dock gates, desperate for a day or 2 paid work. .... There was no cushion, no disaster fund, no stashed savings, no government handouts no syrup that could sweeten the bitter pill of poverty.” EndsGovernmentPovertyEconomicArmyPaidCrisisWinterEastDisasterBitterSavingDesperateFundGatesPillsSavingsUnemployedAnecdotesCushionsEconomic CrisisDocksSyrupHandouts Author:Melanie McGrath