“This is a very important issue that the corporate media chooses not to talk about a whole lot, that we have an economic system which is rigged, which means that at the same time as the middle class of this country is disappearing, almost all of the new income and wealth in America is going to the top 1 percent. You have the top one-tenth of 1 percent owning almost as much wealth as the bottom 90 percent - 58 percent of all new income is going to the top 1 percent.” MeanImportantCountryWholeAmericaWealthClassIssuesEconomicMiddleMediaPercentBottomDisappearIncomeCorporateMiddle ClassEconomic SystemsImportant IssuesRigged Author:Bernie Sanders
“In 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. ... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS.” SaidStatesWealthEconomicNeededTaxesMajorsIncomeProgressiveCommunistTransfersIncome TaxAbolishRetailIrsManifestosCommunist ManifestoSales TaxRetail Sales Author:James Traficant
“When I became finance minister in 1991, I discovered that the wealth tax rates income - there was taxation on wealth. It was so atrocious and so high that actually nobody could accumulate money in an honest way. I removed that tax, and the result was that Indian companies for the first time acquired an incentive to grow big, to grow rich.” WayFirstsBigsGrowsWealthResultsCompanyRichHonestTaxesFirst TimeRateIncomeFinanceIndianMinistersTaxationIncentives Author:Manmohan Singh
“If you want to get at African American poverty, the income gap, wealth gap, achievement gap, that the most important thing is to make sure that the society as a whole does right by people who are poor, are working class, are aspiring to a better life for their kids.” PeopleIfsWantDoeImportantWholeKidsWealthPoorClassPovertyAchievementImportant ThingsIncomeAfrican AmericanGapsWorking ClassBetter LifeAchievement GapAmerican Poverty Author:Barack Obama
“Does that mean that all vestiges of past discrimination would be eliminated, that the income gap or the wealth gap or the education gap [between Afro-Americans and white] would be erased in five years or 10 years? Probably not, and so this is obviously a discussion we've had before when you talk about something like reparations.” YearsMeanDoeWould BePastWealthWhiteFiveIncomeDiscriminationDiscussionFive YearsGapsReparationsAfros Author:Barack Obama
“If we win all those fights, and now let's say the income gap, and the wealth gap, and the education gap have for the most part been closed - let's say hypothetically, , first of all, America as a whole would be a lot richer.” IfsFirstsWholeWould BeAmericaFightingWinningWealthIncomeGaps Author:Barack Obama
“I think the media and the candidates have got to talk about why the middle class is in decline and why we have massive levels of income and wealth inequality.” ThinkingWealthLevelsClassMiddleMediaIncomeInequalityCandidatesMiddle ClassMassiveDeclineWealth Inequality Author:Bernie Sanders
“If we don't move forward with regard to creating a non-racial society in South Africa and we allow this legacy of apartheid to persist, these divisions between black and white in wealth and income and so on, in the future you would indeed have an ugly upheaval.” IfsMovingBlackWealthWhiteCreatingRegardSouthUglyIncomeMoving ForwardLegacyDivisionBlack And WhiteSouth AfricaPersistApartheidUpheaval Author:Thabo Mbeki
“If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.” IfsWealthPayTrumpTaxesGainsSellsIncomeFundWealthyRegisterIncome TaxHeirsAccountantsPaying TaxesOffshoreTrust Funds Author:Michael Hudson
“Trump's claims that he's making taxes more democratic for the people, but it actually is a vast sucking of income and wealth upward.” PeopleWealthTrumpTaxesClaimsDemocraticIncome Author:Michael Hudson
“We live in a world where economic positions - income and wealth - are very unevenly distributed, and this leads to the widespread persistence of poverty.” WorldWealthPovertyEconomicPositionIncomePersistence Author:Thomas Pogge
“The collective income of all these people - the bottom half - is less than three percent of global household income, and so there is a grotesque maldistribution of income and wealth.” PeopleThreeWealthHalfPercentBottomIncomeCollectivesHouseholdGrotesque Author:Thomas Pogge
“Given the total income and wealth available in the world today, we could easily overcome poverty, which would require raising the share of the bottom half from three to roughly five percent. Unfortunately, the trend is going in the opposite direction.” WorldTodayThreeGivenWealthHalfPovertyFiveSharePercentOppositesOvercomingBottomAvailableIncomeTrendsWorld Today Author:Thomas Pogge
“Income inequality matters more on a day-to-day basis. Wealth matters more for political influence.” MatterPoliticalWealthInfluenceBasesIncomeInequalityDay To DayIncome InequalityPolitical Influence Author:Thomas Pogge
“Capitalism is in crisis both morally, due to widening disparities of income and wealth and disclosures of abusive practices, and ecologically, due to its refusal to make business adjustments in accounting procedures that pass the consequences of emissions to the public and the future.” WealthPracticeCapitalismConsequenceCrisisDuesIncomeProceduresRefusalAdjustmentEmissionsAccountingAbusiveDisparityDisclosure Author:Richard A. Falk
“I'd make an educated guess that 20 to 25 percent of the taxable property in the U.S. is Church-owned.In a recent book, Church Wealth and Business Income, it was estimated that this property -all of it tax-exempt -is worth upwards of 80 billion dollars. I know that's a fantastic, unbelievable figure, but there's every reason to believe that it's on the conservative side; and this amount is increasing yearly at a geometric rate.” KnowsBelieveBookReasonSidesChurchWealthFiguresAmountTaxesPercentDollarsPropertyRateConservativeBillionsIncomeEducatedFantasticUnbelievableGeometric Author:Madalyn Murray O'Hair
“What democratic socialism is about is saying that it is immoral and wrong that the top one-tenth of 1 percent in this country own almost 90 percent - almost - own almost as much wealth as the bottom 90 percent. That it is wrong, today, in a rigged economy, that 57 percent of all new income is going to the top 1 percent. That when you look around the world, you see every other major country providing health care to all people as a right, except the United States.” PeopleWorldLooksCountryStatesCareTodayWealthUnitedUnited StatesEconomyMajorsPercentDemocraticBottomIncomeSocialismAround The WorldHealth CareProvidingImmoralRiggedDemocratic Socialism Author:Bernie Sanders
“I think everybody is in agreement that America is a great entrepreneurial nation. We have got to encourage that. Of course, we have to support small and medium-sized businesses. But you can have all of the growth that you want and it doesn't mean anything if all of the new income and wealth is going to the top 1 percent.” IfsThinkingWantMeanAmericaCoursesNationsGrowthWealthSupportPercentIncomeMediumsAgreementEntrepreneurial Author:Bernie Sanders
“We live in a country where a small number of people have incredible wealth and power. America has more income and wealth inequality than any other major country.” PeopleCountryAmericaWealthNumbersMajorsIncrediblesIncomeInequalitySmall NumbersWealth Inequality Author:Bernie Sanders
“Wealth - any income that is at least one hundred dollars more a year than the income of one's wife's sister's husband.” YearsFunnyWealthMoneyWifeHusbandHundredDollarsProsperityIncomeFunny Money Author:H. L. Mencken