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Income Quotes

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Income Quotes

“Today the most civilized countries of the world spend a maximum of their income on war and a minimum on education. The twenty-first century will reverse this order. It will be more glorious to fight against ignorance than to die on the field of battle. The discovery of a new scientific truth will be more important than the squabbles of diplomats. Even the newspapers of our own day are beginning to treat scientific discoveries and the creation of fresh philosophical concepts as news. The newspapers of the twenty-first century will give a mere 'stick' in the back pages to accounts of crime or political controversies, but will headline on the front pages the proclamation of a new scientific hypothesis. Progress along such lines will be impossible while nations persist in the savage practice of killing each other off. I inherited from my father, an erudite man who labored hard for peace, an ineradicable hatred of war.”

“Millions of business people are each constantly forced to choose between their desire to not be a bad person and their desire to be a good business person, that is to say, to make as much money as they possibly can by maximizing their revenue while minimizing the cost of producing whatever it is that they sell.”

“Guilt gripped her--she was the person who determined Reina's salary, which in turn determined these conditions. But she remembered that Reina sent the bulk of her money back home to her parents. She would be able to afford a better place otherwise, surely. It was a kind of sacrifice that Nakia never had cause to make. She hoped she would be willing if circumstances called for it. Why was life so hard for some people? A question people called you stupid for asking, yet no one could give you a straightforward explanation.”

“John Norberg of the Cato Institute notes: 'If someone had told you in 1990 that over the next twenty-five years world hunger would decline by 40 per cent, child mortality would halve, and extreme poverty would fall by three quarters, you'd have told them they were a naive fool. But the fools were right. This is truly what has happened.' Having experienced Third World poverty as a child, I know that nothing drags down the human spirit more than a sense of helplessness, uncertainty and fear of the future. A small regular income and access to basic goods like TV sets and refrigerators also improve one's sense of well-being. In short, the eradication of poverty is spiritually uplifting.”

“The wealth gap between America's richest and poorest families has doubled in the past thirty years. If the systems don't reform, they will eventually collapse under the weight of their corruption or be torn down by masses who will rightfully view them only as architects of their oppression.”

“In addition to the absence of coordination and sufficiency, the programs of the past all have another common failing—they are indirect. Each seeks to solve poverty by first solving something else. I am now convinced that the simplest approach will prove to be the most effective—the solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income.”

“How did general prosperity encompass the entire world? Here the answer is that prosperity rises, first slowly and then increasinly fast, in all places where people can engage in peaceful and voluntary exchanges. Trade and the innovations that it makes possible provide the only known escape route from poverty.”

“Warum arbeiten wir heute härter als in den achtziger Jahren, obwohl wir reicher sind als je zuvor? Warum leben immer noch Millionen Menschen in Armut, obwohl wir reich genug sind, um der Armut ein für alle Mal ein Ende zu machen? Und warum hängen mehr als 60 Prozent unseres Einkommens davon ab, in welchem Land wir geboren wurden?”

“A long decade ago economic growth was the reigning fashion of political economy. It was simultaneously the hottest subject of economic theory and research, a slogan eagerly claimed by politicians of all stripes, and a serious objective of the policies of governments. The climate of opinion has changed dramatically. Disillusioned critics indict both economic science and economic policy for blind obeisance to aggregate material "progress," and for neglect of its costly side effects. Growth, it is charged, distorts national priorities, worsens the distribution of income, and irreparably damages the environment. Paul Erlich speaks for a multitude when he says, "We must acquire a life style which has as its goal maximum freedom and happiness for the individual, not a maximum Gross National Product." [in Nordhaus, William D. and James Tobin., "Is growth obsolete?" Economic Research: Retrospect and Prospect Vol 5: Economic Growth. Nber, 1972. 1-80]”

“المساواة وعدالة التوزيع وإن كانت مفيدة في تسويق السلع والخدمات الضرورية فإنها لا تفيد في تسويق السلع الأكثر ترفاً والأعلى ربحاً، فمثلاً إذا خفض بشدة حجم الفجوة القائمة بين مستويات الدخول الدنيا والعليا، فالأرجح ألا يبقى شخص واحد قادراً على شراء سيارة خاصة، وإن كان الطلب سوف يزيد على وسائل المواصلات العامة ولكن الاحتفاظ بطبقة عليا متمتعة بامتيازات لا يتمتع بها غيرها، بل وخلق هذه الطبقة خلقاً إن لم تكن موجودة بالفعل، له مزاايا إضافية عدا تلك المتمثلة في تسويق السلع الترفيهية، من أهمها تسهيل تطبيق السياسات الاقتصادية الأكثر ملائمة لمصالح القوى المسيطرة. فمن أجل ضمان استمرار الولاء من جانب الصفوة في داخل البلاد المتخلفة لابد أن يتعود أفراد هذه الصفوة على نمط من الحياة لا يمكن إستمراره إلا باستمرار نوع معين من العلاقات بين هذه البلاد المتخلفة والقوى الخارجية”

“The gains in wealth and income have gone largely to a tiny share of the population, as is common knowledge by now. The people in the top 0.1 percent did fantastically well after 1980, those in the top 1 percent did very well, those below them in the top 10 percent enjoyed incomes growing at the same pace as the economy and those in the bottom 90 percent all lost ground—their incomes grew more slowly than the overall economy—during the last four decades.”

“Today, rather than a democracy we have a plutocracy (rule by moneyed interests) in which some of the formal elements of democracy nonetheless remain. Needless to say a real democracy ... is impossible where income, wealth, and power are concentrated and where inequality is growing, that is, in the normal ways of things under capitalism”

“The ways by which you may get money almost without exception lead downward. To have done anything by which you earned money merely is to have been truly idle or worse. If the laborer gets no more than the wages which his employer pays him, he is cheated, he cheats himself. If you would get money as a writer or lecturer, you must be popular, which is to go down perpendicularly. Those services which the community will most readily pay for it is most disagreeable to render. You are paid for being something less than a man. The State does not commonly reward a genius any more wisely. Even the poet laureate would rather not have to celebrate the accidents of royalty. He must be bribed with a pipe of wine; and perhaps another poet is called away from his muse to gauge that very pipe.”

“We have got to provide meaningful work at decent wages for every employable citizen. We must guarantee an adequate income for those unable to work. We must build millions of low-income housing units, tear down the slums, and rebuild our cities. We need to build schools, hospitals, mass transit systems. We need to construct new, integrated towns. As President Johnson has said, we need to build a "second America" between now and the year 2000. It is in the context of this national reconstruction that the socioeconomic fate of the Negro will be determined. Will we build into the second America new, more sophisticated forms of segregation and exploitation or will we create a genuine open, integrated, and democratic society? Will we have a more equitable distribution of economic resources and political power, or will we sow the seeds of more misery, unrest, and division? Because of men like Martin Luther King, it is unlikely that the American Negro can ever again return to the old order. But it is up to us, the living, black and white, to realize Dr. King's dream.”

“Many a woman would not be in a relationship with or married to her man, if he earned half of what he earns; and many a man would not be in a relationship with or married to his woman, if he earned twice as much as he earns.”

“For there to be harmony and peace, everything must be balanced. And for there to be balance, there must be equality. And where there is equality, there will be justice. And where justice is honored and preserved, there will always be truth. Eliminate the concept of division by class, skills, race, income, and nationality. We are all equals with a common pulse to survive. Every human requires food and water. Every human has a dream and desire to be happy. Every human responds to love, suffering and pain. Every human bleeds the same color and occupies the same world. Let us recognize that we are all part of each other. We are all human. We are all one.”

“But this is something quite new!" said Mrs. Munt, who collected new ideas as a squirrel collects nuts, and was especially attracted by those that are portable. "New for me; sensible people have acknowledged it for years. You and I and the Wilcoxes stand upon money as upon islands. It is so firm beneath our feet that we forget its very existence. It's only when we see someone near us tottering that we realize all that an independent income means. Last night, when we were talking up here round the fire, I began to think that the very soul of the world is economic, and that the lowest abyss is not the absence of love, but the absence of coin." "I call that rather cynical." "So do I. But Helen and I, we ought to remember, when we are tempted to criticize others, that we are standing on these islands, and that most of the others are down below the surface of the sea. The poor cannot always reach those whom they want to love, and they can hardly ever escape from those whom they love no longer. We rich can. Imagine the tragedy last June if Helen and Paul Wilcox had been poor people and could not invoke railways and motor-cars to part them." "That's more like Socialism," said Mrs. Munt suspiciously. "Call it what you like. I call it going through life with one's hand spread open on the table. I'm tired of these rich people who pretend to be poor, and think it shows a nice mind to ignore the piles of money that keep their feet above the waves. I stand each year upon six hundred pounds, and Helen upon the same, and Tibby will stand upon eight, and as fast as our pounds crumble away into the sea they are renewed—from the sea, yes, from the sea. And all our thoughts are the thoughts of six-hundred-pounders, and all our speeches; and because we don't want to steal umbrellas ourselves, we forget that below the sea people do want to steal them, and do steal them sometimes, and that what's a joke up here is down there reality—”

“DINK" is an acronym that stands for "double income, no kids" or "dual income, no kids". It describes a couple without children living together while both partners are receiving an income; because both of their wages are coming into the same household, they are free to live more comfortably than couples who live together and spend their money on raising their children. The term was coined at the height of yuppie culture in the 1980s. The Great Recession solidified this social trend, as more couples waited longer to have children or chose not to have children at all.”