“By the year 1982 the graduated income tax will have practically abolished major differences in wealth.” YearsDifferencesWealthTaxesMajorsIncomeIncome Tax Author:Irwin Edman
“When two working people decide to marry, their federal income tax is usually increased. As soon as one spouse earns at least 20 percent of a married couple's total income, the couple pays a 'marriage tax.' ... The United States is the only major industrialized nation in the free world in which the tax cost of the second [married] earner's entry into the work force is higher than that of the first. On one hand, our government's social policy is to help working women earn equal salaries to those of men, but on the other we have a tax structure that penalizes them when they do so.” PeopleMenWorldFirstsTwoStatesHelpingHandsGovernmentForceNationsSocialUnitedPayUnited StatesPolicyCoupleHigherCostTaxesEqualMarriedMajorsPercentStructureIncomeSexismSpouseSalaryEntryIncome TaxFree WorldMarried CouplesWorking WomenSocial Policy Author:Millicent Fenwick
“They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. It's a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?” PeopleYearsHas BeensCountryMatterFactsEarthLastsAmericaWealthResultsHalfClassMillionsMiddleWorstMajorsBottomIncomeInequalityThirtyMiddle ClassWarfareWorking ClassDistributionHandfulBillionaireThirty YearsClass WarfareDistribution Of Wealth Author:Bernie Sanders
“It's not an accident that the U.S. ranks lowest of all major donor countries in the world - that is the share of our income that goes to development aid. Americans will ask whether, because were so generous privately, that makes up the difference. But it doesn't. We still rank far below other countries.” WorldStillsCountryAsksDifferencesShareDevelopmentMajorsAccidentsAidsIncomeGenerousOther CountriesLowestDonorsDevelopment Aid Author:Jeffrey Sachs
“In the United States today we have the most unequal wealth and income distribution of any major country on earth - worse than at any time since the 1920s. This is an economy that must be changed in fundamental ways.” WayCountryStatesTodayEarthWealthUnitedUnited StatesEconomyChangedMajorsFundamentalsIncomeDistributionIncome Distribution Author:Bernie Sanders
“If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.” IfsTogetherThreeSimpleGrowingEventsMajorsInnovationCrisisFinancialCurrentsSentencesDrivingIncomeObservationInequalityTiesOur TimeGoodsMechanismStagnationStagnantFinancial CrisisIncome InequalityOne SentenceMacroeconomicsMedian Author:Tyler Cowen
“Government is so big today that more than half the population gets a major part of its income from the state.” StatesBigsGovernmentTodayHalfMajorsPopulationIncome Author:John Stossel
“I feel very strongly that we need to change the way we do trade because it has been one of the major factors that lead to decline of middle class incomes.” WayNeedsFeelsHas BeensClassMiddleMajorsTradeIncomeFactorsMiddle ClassVery StrongDeclineNeed A Change Author:Charles Schumer
“In the major state capitalists economies, Europe and the US, it's low growth and stagnation and a very sharp income differentiation a shift - a striking shift - from production to financialization.” StatesGrowthEconomyMajorsLowsEuropeProductionsIncomeCapitalistStagnationDifferentiation Author:Noam Chomsky
“Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some cases in federal income taxes.” PayCasesTaxesMajorsIncomeCorporateCorporationsIslandsProfitableIncome TaxLoopholesNickelsCayman Islands Author:Lawrence O'Donnell
“Climate change will impact most heavily on the disadvantaged. If we don't address these impacts, as well as growing income inequalities, we are marching blindly toward major breakdowns in security, governance, and public welfare.” IfsWellsGrowingSecurityMajorsImpactClimateClimate ChangeIncomeInequalityWelfareAddressesGovernanceBreakdownIncome InequalityDisadvantagedPublic Welfare Author:Wesley K. Wark
“In 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. ... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS.” SaidStatesWealthEconomicNeededTaxesMajorsIncomeProgressiveCommunistTransfersIncome TaxAbolishRetailIrsManifestosCommunist ManifestoSales TaxRetail Sales Author:James Traficant
“The truth is that political consciousness in this country is pretty low... To the degree that we can help educate and organize people around the most important issues facing their lives and show that there is support for fundamental changes in the way we do business in the United States of America in terms of income inequality, in terms of low wages, in terms of disastrous trade policies, in terms of being the only major country not to have a national healthcare program - that's success.” PeopleWayImportantCountryStatesHelpingShowsAmericaPoliticalTermUnitedConsciousnessUnited StatesSupportIssuesPolicyTruth IsDegreesMajorsLowsProgramFundamentalsTradeIncomeInequalityEducateHealthcareOrganizeUnited States Of AmericaWagesImportant IssuesIncome Inequality Author:Bernie Sanders
“The research points pretty clearly to the rise of companionate marriage, and I just think it's going to keep being popular, for the very simple reason that it's basically the only way to afford a family life in the 21st-century in advanced economies. It's one of the major reasons for the spike in income inequality. Surgeons used to marry their secretaries. Now they marry other surgeons.” ThinkingWayReasonUsedSimpleEconomyCenturyMajorsResearchIncomeInequalitySecretary21st CenturyFamily LifeSurgeonsIncome InequalityBeing Popular Author:Stephen Marche
“What democratic socialism is about is saying that it is immoral and wrong that the top one-tenth of 1 percent in this country own almost 90 percent - almost - own almost as much wealth as the bottom 90 percent. That it is wrong, today, in a rigged economy, that 57 percent of all new income is going to the top 1 percent. That when you look around the world, you see every other major country providing health care to all people as a right, except the United States.” PeopleWorldLooksCountryStatesCareTodayWealthUnitedUnited StatesEconomyMajorsPercentDemocraticBottomIncomeSocialismAround The WorldHealth CareProvidingImmoralRiggedDemocratic Socialism Author:Bernie Sanders
“We live in a country where a small number of people have incredible wealth and power. America has more income and wealth inequality than any other major country.” PeopleCountryAmericaWealthNumbersMajorsIncrediblesIncomeInequalitySmall NumbersWealth Inequality Author:Bernie Sanders