“Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.” WorldHas BeensAmericaForceProcessLevelsLaborCompetitionImmigrationIncomeInequalityMechanismElitesPrivilegedRestrictionShortageHigh LevelEliminatingVisaIncome InequalityQuotaPricingLabor Force Author:Alan Greenspan
“How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points? This is a case of exclusion.” PersonsTwoDiesLosesCasesNewsCapitalismInequalityHomelessItemsExposureElderlyExclusionIncome InequalityEconomic InequalityEconomic JusticeApostolicDistribution Of WealthWealth InequalityRedistribution Of WealthEconomic EqualityValue Of Human LifeIncome Redistribution Book:The Joy of the Gospel Source: The Joy of the Gospel
“They talk about income inequality. I’m for income inequality.” IncomeInequalityIncome Inequality Author:Rick Santorum
“Half the U.S. population owns barely 2 percent of its wealth, putting the United States near Rwanda and Uganda and below such nations as pre-Arab Spring Tunisia and Egypt when measured by degrees of income inequality.” StatesNationsWealthUnitedHalfUnited StatesDegreesSpringPercentPopulationIncomeInequalityEgyptIncome InequalityRwandaUgandaArab SpringWealth InequalityTunisia Author:Eric Alterman
“We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ] if we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.” IfsWorldHas BeensCountryStatesSchoolOughtSkillsDegreesConsequenceIncreaseWorkersAverageIncomeOpeningInequalityBordersLabourOpening UpIncome InequalitySkilled Workers Author:Alan Greenspan
“The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.” TodayNationsSocialChallengesQualityEconomicPolicyAchievementMajorsLowsPicksCommitmentResourcesConcernEducationalIncomeInequalitySavingRisingSuspectsUsualHouseholdSavingsMonetaryYour FavoriteImbalanceEconomic PolicyIncome InequalityEconomic InequalityMonetary Policy Author:Timothy Geithner
“I think Republicans need to take income inequality more seriously. Not because I favor equality of outcomes. I do not. I think the Right is correct to stress merit and earned rewards, not handouts and forced equality. But I think what Republicans are blind to is that power corrupts.” ThinkingNeedsRepublicanStressBlindRewardsFavorsIncomeInequalityMeritOutcomesIncome InequalityPower CorruptsHandouts Author:Jonathan Haidt