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Periods Quotes

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Periods Quotes

“We shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of a generation, or the life of the majority.”

“Liberals correctly perceive the Reagan record as their most dangerous enemy. Why? Because what happened during the 1980s - prosperity at home the longest period of peacetime growth in this nation's history, strength abroad - directly contradicts every liberal belief. Bill Clinton has confused many about the 1980s and the Reagan legacy. His patently false mantra states, "The rich got richer, the poor got poorer. The rich didn't pay their fair share, etc."”

“My history of moving away from drugs is not the kind you hear from most people. Certainly not from celebrities, especially those professionally recovering people. What I've noticed in my overuse of cocaine is the period of pleasure versus the period of pain. That is to say that when you first get high on anything, the pleasure is predominant and you don't pay much price. A little hangover or whatever it might be with another drug. But after a while the ratio begins to change, and there' s far more pain in the deal than pleasure. It just completely goes in another direction.”

“Reform immigration to make it easy for individuals to come over here, be documented, pay taxes - immigration reform is needed to state that its about work, its not about welfare... Set up a grace period where they can get a work permit... social security card so that they can pay income tax, social security, Medicare.”

“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.”

“If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum. In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%-or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening.”

“We need to roll back precarious employment models. Temporary and limited contracts were initially seen as a way of introducing more flexibility so as to bridge periods of need in certain phases of production. Some employers have taken advantage of the model to push down wages. In general, we must strive for equal pay for equal work.”