“Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.” CountryProblemDecisionResultsGrowingPolicyIncomeInequalityExecutivesReceivingDistributionIncentivesCompensationImplicationsExecutive CompensationIncome Distribution Author:Barney Frank
“Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.” IfsWayNeedsShouldDoeEndsProblemRunningOpportunityGrowthResultsGreaterFailingHigherCostSucceedIncreaseOriginalsFinalsPopulationDuesIncomeConsumptionNew WaysBetter OffInventorShortageScarcity Author:Julian Simon
“The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... People understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... Coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.” PeopleFeelsHas BeensDoneBitsBlackResultsEconomyToo MuchAccountsGood ThingsInvestmentCurrentsDecadesIncomeSavingMassiveRacingMondayInflationDeficitRecessionsBorrowingAftermathToo Much Of A Good Thing Author:Nigel Lawson
“If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.” IfsUseResultsMistakeRolesSecurityProtectNormalTrainingStandardsAssumingInvestingIncomeSuperiorsClientsEntitledAdviserInvesting MoneyTraining And Experience Book:The Intelligent Investor: A Book of Practical Counsel Source: The Intelligent Investor: A Book of Practical Counsel
“Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results.” TwoProblemWisdomPoliticsResultsEconomyClearEconomicEconomicsLaborIncomeFactorsLiberalismProductiveThinkerDistributionEconomic Problems Author:Louis O. Kelso
“it is better to take experience, to suffer, to love, and to remember than to walk unscathed between the fires. I've had most immunities myself - the result of an independent income combined with a personality completely devoid of sexual attractions - the two fires of poverty and passion have therefore never burned me, and I am a lesser person for my safety.” PersonsTwoRememberSufferingPassionWalksResultsPovertyFirePersonalityExperienceIndependentSafetyAttractionIncomeBurnedImmunity Book:Letters to a Friend Source: Letters to a Friend
“There is something fundamentally wrong about the way we [americans] are moving as a country, when billionaires are able to buy elections as a result of Citizens United. There`s something fundamentally wrong when 99 percent of all new income goes to the top 1 percent.” WayCountryAbleMovingUnitedResultsCitizensPercentElectionIncomeBillionaireCitizens United Author:Bernie Sanders
“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
“Net result [of the Dept. of Agriculture's Payment in Kind - PIK - program]: total farm income, now expected to be around $25 billion, this fiscal year, will exceed total federal subsidies by only a couple of billion. You could argue that those fellows out there on the fruited plain are in effect working for the federal government and that, therefore, the U.S. now has socialized agriculture under the Reagan Administration. Rich, eh?” YearsKindGovernmentResultsRichEffectsCoupleProgramFellowsExpectedArguingBillionsIncomeAdministrationFarmsAgricultureFederal GovernmentAmerican PoliticsPaymentExceedSubsidies Author:Daniel Seligman
“The basic issue of an American society which is fair, which is providing opportunity for all, is nowadays being replaced by the correct perception that we're living in a rigged economy - where it doesn't matter how hard you worked, the result will be all the income goes to the people at the very top. It's leading to a lot of frustration and anger, and people want some fundamental changes to the way we do economics and growth.” PeopleWayWantMatterHardOpportunityGrowthResultsEconomyIssuesPerceptionFairsEconomicsFundamentalsIncomeFrustrationProvidingReplacedAmerican SocietyRigged Author:Bernie Sanders
“Do you realize that if we could increase just by 50 percent the number of adults who have a college degree, it would add $5 billion to the economy and it would result in a net income to the state of Arkansas of $340 million a year?” IfsYearsStatesRealizingResultsNumbersMillionsEconomyCollegeDegreesPercentAdultsIncreaseAddBillionsIncomeArkansasCollege Degree Author:Mike Huckabee
“There's 6 million people living in poverty today, more than when Barack Obama got elected. 6.5 million people are working part-time, most of whom want to work full-time. We've created rules and taxes on top of every aspiration of people, and the net result is we're not growing fast, income is not growing.” PeopleWantTodayResultsPovertyMillionsGrowingTaxesIncomeBarackAspirationPart TimePoverty Today Author:Jeb Bush
“Unequal funding resources also results in unequal educational opportunity when you consider studies that show that one half of low income students who are qualified to attend college do not attend because they can't afford to.” ShowsOpportunityResultsHalfStudyStudentsCollegeLowsResourcesEducationalIncomeQualifiedFundingOne HalfLow Income Author:Bobby Scott