“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
“I hold that two principles are important; first that there should be a steady expansion of public services, not an irregular one related to revenue accruing in any particular year; the second that taxes should be constant over long periods (provided, that is, that they are neither burdensome nor inequitable).” ShouldYearsFirstsLongTwoImportantPrinciplesParticularPeriodsTaxesConstantRelatedSteadyExpansionRevenuePublic Service Author:John James Cowperthwaite
“Selling, in particular, can be a challenge; many investors are tempted to become more optimistic when a security is performing well. This temptation must be resisted; tax considerations aside, when a security reaches full valuation, there is no longer a reason to own it.” WellsReasonChallengesSecurityParticularTaxesSellingOptimisticTemptationPerformingConsiderationInvestorsTemptedValuationPerforming Well Author:Seth Klarman
“Income tax in particular in the United States is concentrated on the top half of the income distribution, and very heavily skewed towards the top 10 or even top 1 percent.” StatesUnitedHalfUnited StatesParticularTaxesPercentIncomeDistributionIncome TaxTop 10Income Distribution Author:Judy Woodruff
“As a businessman, Donald Trump has been associated with some of the worst excesses of a particular style of value-extracting and asset stripping capitalism: set up businesses, let them fail, avoid paying suppliers, use bankruptcy laws to avoid taxes for decades, then set up another business somewhere else. It is this model that is the cause of many problems we see today.” Has BeensUseProblemTodayLawValuesCausesFailingWorstStyleParticularTrumpTaxesModelsCapitalismDecadesAssetsExcessBusinessmanSomewhere ElseBankruptcyStrippingSuppliers Author:Mariana Mazzucato
“You can get a coalition of senators from particular states in America, for example, who want to construct highways or dams or ports which may well be very inefficient. The taxes would be paid by the people over the whole country, but the benefits would go to the few people in those particular locations. This type of spending is a rather gross waste of resources that worsened over the years as the government has been allowed to do more particularized things.” PeopleWantYearsWellsMayHas BeensCountryStatesWholeGovernmentWould BeAmericaExampleParticularTypeTaxesWasteBenefitsResourcesPaidSpendingSenatorsLocationConstructsGrossHighwaysPortCoalitionsDams Author:James M. Buchanan