“It is a foregone opportunity that we could have a trillion dollars more of income for the United States if we were producing at capacity rather than falling so far short of it.” IfsStatesFallOpportunityUnitedUnited StatesCapacityDollarsIncome Author:Peter R. Orszag
“The cult of the omnipotent state has millions of followers in the united States. Americans of today view their government in the same way as Christians view their God; they worship and adore the state and they render their lives and fortunes to it. Statists believe that their lives - their very being - are a privilege that the state has given to them. They believe that everything they do is - and should be - dependent on the consent of the government. Thus, statists support such devices as income taxation, licensing laws, regulations, passports, trade restrictions, and the like.” WayShouldBelieveStatesGovernmentTodayChristianLawGivenUnitedViewsMillionsUnited StatesSupportWorshipTradeFortunePrivilegeIncomeDependentDevicesFollowersRegulationConsentCultAdoreTaxationRestrictionIncome TaxPassportsOmnipotentLicensing Book:The tyranny of gun control Source: The tyranny of gun control
“I've been talking about income inequality in America for twenty years, and when I was president, people didn't pay much attention to it, probably because wages were going up. But I don't think I've given a single solitary speech since I left office that I hadn't talked about it. It's a problem around the world and within the United States. So these people have put that on the agenda.” PeopleThinkingWorldYearsStatesProblemAmericaLeftGivenPresidentUnitedPayAttentionTalkingUnited StatesSpeechOfficeTwentiesIncomeInequalityAround The WorldAgendasSolitaryWagesIncome Inequality Author:William J. Clinton
“The economy of the United States gross domestic product doubled from 1996 to 2015, doubled, more than, $8.8 trillion to $17.1 trillion. And the median household income went down.” StatesUnitedUnited StatesEconomyProductsIncomeHouseholdGrossGross Domestic ProductMedian Author:Mark Shields
“If we functionally define a capitalist household as one that receives at least half of the annual income it spends on consumption in the form of return on invested capital, less than 1 percent of United States households are capitalists.” IfsStatesWisdomFormPoliticsUnitedHalfUnited StatesEconomyReturnPercentIncomeLiberalismCapitalistHouseholdConsumptionAnnuals Author:Louis O. Kelso
“America has invested her religion as well as her morality in sound income-paying securities. She has adopted the unassailable position of a nation blessed because it deserves to be blessed; and her sons, whatever other theologies they may affect or disregard, subscribe unreservedly to this national creed.” WellsMayAmericaNationsSoundUnited StatesSecurityPositionSonMoralityDeserveBlessedIncomeTheologyCreedsAdoptedDisregardBeing Blessed Author:Agnes Repplier
“When two working people decide to marry, their federal income tax is usually increased. As soon as one spouse earns at least 20 percent of a married couple's total income, the couple pays a 'marriage tax.' ... The United States is the only major industrialized nation in the free world in which the tax cost of the second [married] earner's entry into the work force is higher than that of the first. On one hand, our government's social policy is to help working women earn equal salaries to those of men, but on the other we have a tax structure that penalizes them when they do so.” PeopleMenWorldFirstsTwoStatesHelpingHandsGovernmentForceNationsSocialUnitedPayUnited StatesPolicyCoupleHigherCostTaxesEqualMarriedMajorsPercentStructureIncomeSexismSpouseSalaryEntryIncome TaxFree WorldMarried CouplesWorking WomenSocial Policy Author:Millicent Fenwick
“70% of children born into poverty will never make it to the middle class. The uncomfortable truth is that there are now a number of other countries with as much or more opportunity than ours. In fact, more people in Canada go on to surpass the income of their parents than in the United States.” PeopleChildrenCountryStatesFactsOpportunityParentBornUnitedNumbersClassPovertyUnited StatesMiddleGoes OnTruth IsIncomeUncomfortableCanadaMiddle ClassOther Countries Author:Marco Rubio
“If you are low income in the United States, you have a higher chance of going to jail than getting a 4-year degree.” IfsYearsStatesChanceUnitedUnited StatesHigherDegreesLowsIncomeJailLow Income Author:Bill Gates
“There are 11 states in the United States that in the last 50 years instituted an income tax. So I looked at each of those 11 states over the last 50 years, and I took their current economic metrics and their metrics for the five years before they put in the progressive income tax... Every single state that introduced a progressive income tax has declined as an overall share of the U.S. economy.” YearsStatesLastsUnitedUnited StatesEconomyFiveShareEconomicTaxesCurrentsIncomeFive YearsProgressiveIncome TaxMetrics Author:Arthur Laffer
“We've incentivized people in the past to maybe turn their vehicles over, you know sooner rather than later. And in the United States with the squeeze on discretionary income and credit that even as the economy comes back there's probably more of a chance than not that it'll be a slower recovery on auto sales.” PeopleKnowsStatesPastTurnsChanceUnitedUnited StatesEconomyCreditIncomeRecoveryOver YouVehiclePeople From The Past Author:Alan Mulally
“The United States has worse income inequality than Nigeria.” StatesUnitedUnited StatesIncomeInequalityNigeriaIncome Inequality Author:Max Fisher
“I don't want to get people nervous falling off their chairs, but Social Security is a socialist program. It's a program by which the United States government has said that when you get old you should have a steady source of income.” PeopleWantShouldSaidStatesGovernmentFallSocialUnitedUnited StatesSecuritySourceProgramShould HaveIncomeNervousChairsSteadySocialistSocial SecurityState GovernmentOld YouUnited States GovernmentFalling Off Author:Bernie Sanders
“In the United States today we have the most unequal wealth and income distribution of any major country on earth - worse than at any time since the 1920s. This is an economy that must be changed in fundamental ways.” WayCountryStatesTodayEarthWealthUnitedUnited StatesEconomyChangedMajorsFundamentalsIncomeDistributionIncome Distribution Author:Bernie Sanders
“Today, the United States is No. 1 in corporate profits, No. 1 in CEO salaries, No. 1 in childhood poverty and No. 1 in income and wealth inequality in the industrialized world.” WorldStatesTodayWealthUnitedPovertyUnited StatesChildhoodProfitIncomeInequalityCorporateCeoSalaryWealth Inequality Author:Bernie Sanders
“The idea that a relatively fixed group of privileged people might shape the economy and government for their own benefit goes against the American grain. Nevertheless, the owners and top-level managers in large income-producing properties are far and away the dominant power figures in the United States. Their corporations, banks, and agribusinesses come together as a corporate community that dominates the federal government in Washington. Their real estate, construction, and land development companies form growth coalitions that dominate most local governments.” PeopleIdeasRealStatesGovernmentMightTogetherFormGrowthCommunityLevelsUnitedCompanyUnited StatesEconomyGroupsLandFiguresDevelopmentShapesBenefitsPropertyIncomeLocalsManagersCorporateCorporationsFixedOwnersConstructionGrainNeverthelessDominantEstatesPrivilegedFederal GovernmentCoalitionsLocal GovernmentAgribusiness Author:G. William Domhoff
“If the 1,990-page House Health Care Bill becomes law, the average American will receive worse health care, American physicians will decline in status and income, American medical innovation will dramatically slow down and pharmaceutical discoveries will decline in number and quality. And, of course, the economy of the United States will deteriorate, perhaps permanently.” IfsStatesCareLawCoursesHouseUnitedNumbersQualityUnited StatesEconomyPagesDiscoveryInnovationDown AndBillsAverageMedicalIncomeHealth CareDeclinePhysiciansSlow DownPharmaceutical Author:Dennis Prager
“I think it's a scandal what has been happening in the school system so far as lower income classes. The dropout rates, the illiteracy rate, you know literacy in the United States was a lot higher in 1890 than it is now.” ThinkingKnowsHas BeensStatesSchoolUnitedClassUnited StatesHigherHappeningsRateIncomeLiteracyScandalSchool SystemIlliteracyDropouts Author:Milton Friedman
“In 2013 Citigroup had profits of $6.4 billion in the United States. They paid no federal income tax and, in fact, received a rebate from the IRS of $260 million. That same year J.P. Morgan had $17.2 billion in profits in the U.S. They also paid no federal income tax. Do you think it's time for tax reform?” ThinkingYearsStatesFactsUnitedMillionsUnited StatesTaxesPaidProfitBillionsIncomeReformIncome TaxIrsTax Reform Author:Bernie Sanders