“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
“I trace the inequality to a particular set of decisions that we took when we lowered the tax rate from 91% down to very low levels at the top, where we stripped away regulations. So the result of that was not a more dynamic economy, but a more unequal society. We tried the experiment of trickle-down. A third of a century later, we can say fairly definitively that it was a failure.” DecisionLevelsResultsEconomyCenturyParticularTaxesLowsThirdsRateExperimentsInequalityRegulationLow LevelTrickle Down Author:Joseph Stiglitz
“the vicious result of privilege is that the creature who receives it becomes incapacitated by it as by a disease.” ResultsCreaturesDiseasePrivilegeInequalityVicious Book:Of Men and Women Source: Of Men and Women
“These economic, social, cultural and educational causes of opportunity inequality are complex. And they will not be solved by continuing with the same stale Washington ideas. Five decades and trillions of dollars after President Johnson waged his War on Poverty, the results of this big-government approach are in.” IdeasWarBigsGovernmentOpportunitySocialCausesPresidentResultsPovertyFiveEconomicApproachDollarsComplexesEducationalDecadesInequalityContinuingJohnsonStaleBig GovernmentWar On PovertyPresident Johnson Author:Marco Rubio
“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
“Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.” MeanOrderIndividualResultsEconomyCapitalismDeterminationStriveEqualityInequalityFree MarketAuthoritarian Government Author:Friedrich August von Hayek