“If you are wealthy enough, use part or all of your Social Security proceeds to invest in a favorite cause or two. Invest 10 percent or 100 percent of your monthly Social Security check in your favorite charity, foundation, think tank, church or synagogue, or other good cause.” IfsThinkingTwoEnoughUseSocialCausesChurchSecurityPercentFoundationCharityChecksWealthySocial SecurityTanksYour FavoriteGood CausesSynagogue Author:Mark Skousen
“Roughly two billion people participate in the money economy, with less than half of those living in the wealthy countries of the developed world. These affluent 800 million, however, account for more than 75 percent of the world's energy and resource consumption, and also create the bulk of its industrial, toxic, and consumer waste.” PeopleWorldTwoCountryEnergyHalfMillionsEconomyWastePercentResourcesAccountsBillionsConsumersWealthyToxicConsumptionConsumerismOverconsumptionAffluent Author:Stuart L. Hart
“I'd say it's that most people think that very wealthy people take huge risks and that's why they have huge rewards. But the very best on earth are completely obsessed with not losing money. That sounds overly simplistic, but they know that if you lost 50 percent, it takes 100 percent to get even. Most people don't make that math in their head, so it takes years and years. They are obsessed with not losing money.” PeopleIfsThinkingKnowsYearsEarthLostSoundRiskHugeLosingPercentRewardsMathObsessedWealthyLosing Money Author:Tony Robbins
“One percent of the nation owns a third of the wealth. The rest of the wealth is distributed in such a way as to turn those in the 99 percent against one another: small property owners against the propertyless, black against white, native-born against foreign-born, intellectuals and professionals against the uneducated and the unskilled. These groups have resented one another and warred against one another with such vehemence and violence as to obscure their common position as sharers of leftovers in a very wealthy country.” WayCountryTurnsNationsBlackBornWealthWhiteCommonViolenceGroupsPositionPercentThirdsPropertyNativeOwnersWealthyObscureUneducatedLeftoversVehemenceEducated And Uneducated Book:A People's History of the United States: 1492-Present Source: A People's History of the United States: 1492-Present
“It is a myth that higher taxes lead to less demand and slower growth. In the first three decades after World War II, US top tax rates on the wealthy were never below 70 percent.” WorldFirstsWarThreeGrowthHigherDemandTaxesPercentRateMythDecadesWar Of The WorldsWealthyWorld War IiWorld War I Author:Robert Reich
“President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.” WarStatesCoursesNationsPresidentInterestKnownPovertyPlansTaxesPercentThirdsRateAverageProsperityIncomeLocalsAdministrationContributionWealthyPresident ObamaJohnsonNotableMortgageIncome TaxCharitableDeductionsWar On PovertyPresident Lyndon Johnson Author:Dick Morris
“Donald Trump got himself very far to the left. When he was considering running for president in 2000, he was for a 13 percent wealth tax on wealthy people to retire the national debt.” PeopleRunningLeftPresidentWealthTrumpTaxesPercentDebtWealthyRetiringConsideringNational Debt Author:Chris Hayes
“For students today, only 10 percent of children from working-class families graduate from college by the age of 24 as compared to 58 percent of upper-middle-class and wealthy families.” InspirationalChildrenAgeTodayFunnyClassMiddleStudentsCollegePercentMiddle ClassWealthyGraduatesGraduationWorking ClassUpper Middle ClassStudents Today Author:Patrick J. Kennedy
“If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.” IfsMeanEconomicHigherActivityLimitsTaxesPercentGainsHarderDollarsInvestmentRateInvestingIncomeSavingExtrasProductiveWealthyContrastConsumptionTaxpayersSavingsDiscouragingIncome TaxSavings And Investment Author:Robert H. Frank