Income Quotes - page 29
McKinsey and Company has a new study that shows that the persistent gap in academic achievement between children in the United States and their counterparts in other countries deprived the U. S. economy of as much as $2.3 trillion in economic output in 2008 alone. Can we imagine how much that academic gap has cost us in potential income?
Francis Escudero
We should consider lowering our income tax rates to equal Hongkong or Vietnam or Thailand. One of the major reasons why many locators do not like the Philippines is because they would have to pay their executives more takeout to equalize take home pay. For example, Hongkong has a tax rate of 17% while our marginal income tax rate is 32%.
Francis Escudero
I can now present the first fundamental law of capitalism, which links the capital stock to the flow of income from capital. The capital/income ratio β is related in a simple way to the share of income from capital in national income, denoted α. The formula is
α = r × β
Where r is the rate of return on capital.
For example, if β=600% and r = 5%, then α = r × β = 30%.
In other words, if national wealth represents the equivalent of six years of national income, and the rate of return on capital is 5 percent per year, then capital's share in national income is 30 percent.
Thomas Piketty
• New Special Provision under the Department of Health on the National Health Insurance Program, allocating the sum of P37.060 billion to cover the full premium subsidy of the health insurance premium for the following: a) Indigent Families under the NHTS-PR of the DSWD; b) Existing 2014 Poor and Low Income Enrolees, other than the Indigent Families under the NHTS-PR of DSWD, enrolled under the National Health Insurance Program (NHIP) whose enrolment have been validated and renewed for 2015; c) Indigent Elected and Appointed Barangay Officials, which shall include the Punong Barangay, Members of the Sangguniang Barangay, Barangay Secretary, Barangay Treasurer, Barangay Health Workers and Barangay Tanod; and d) Senior Citizens, again, in accordance with law.
Francis Escudero
Dr. Russell, I concede that Washington has an atrocious climate. But you will have air-conditioned offices.”
"With clocks, no doubt. And secretaries. And soundproofing.”
"Anything you want, doctor.”
"The point is, Mr. Secretary, I don't want them. This household has no clocks. Nor calendars. Once I had a large income and a larger ulcer; I now have a small income and no ulcer. I stay here.”
"But the job needs you.”
"The need is not mutual.
Robert A. Heinlein
So far as I have listened, before a revolution can take place, the population must lose faith in both the police and the courts.”
"Elementary. Go on.”
"Well...high taxation is important and so is inflation of the currency and the ratio of the productive to those on the public payroll. But that's old hat; everybody knows that a country is on the skids when its income and outgo get out of balance and stay that way-even though there are always endless attempts to wish it away by legislation.
Robert A. Heinlein
The Democratic Party-seeking to blame its election defeat on Russian "interference” rather than the grotesque income inequality, the betrayal of the working class, the loss of civil liberties, the deindustrialization and the corporate coup d'état that the party helped orchestrate-attacks Assange as a traitor, although he is not a U.S. citizen. Nor is he a spy. He is not bound by any law I am aware of to keep U.S. government secrets. He has not committed a crime....
Chris Hedges
In this decade government at all levels has increased spending faster than the true rate of economic growth... The cure for inflation has been administered with a vengeance. Yet most people feel worse, not better, about their government benefactor. The elderly find their fixed income eroding in half; those about to retire fear their future pensions will never keep pace. Ten million California workers see their wages rise but not as fast as prices. Those on welfare obtain larger grants but find more expensive groceries.
Jerry Brown
Pacific revolution in America will not be wrought by men who are afraid of losing influence, position, and income. Building a new world is the most perilous form of pioneering, and the most glorious victories of religion have ever been won in hours of fiercest danger. And so it will be in our day.
Kirby Page
The actual participants in industry under individualism are prompted to action by the following combination of incentives: desire for an income, desire for a higher income, desire for security, satisfaction received from shouldering responsibility or from wielding power, the joy of participation in creative activity, and the desire for applause and prestige. ...And all these motivations may be conserved and strengthened under socialism.
Kirby Page
The land will therefore belong to the State in one or other of its several forms, and rent will be State income. The great factory industries will be controlled by associations of consumers which again will be identical with the State in some one or other of its aspects... the socialist state will mainly concern itself with co-ordinating production and consumption so as to prevent gluts, useless labour, unearned incomes, industrial loss, surplus values,-the causes of poverty.
Ramsay MacDonald
The Income Tax at 6s., 5s., 4s. 6d.-I go further, and say, even at 4s.-is, in my opinion, a bad and pernicious form of capital levy... The effect of such an Income Tax...is not merely to curtail the enjoyments and comforts of a large number of our middle classes. Its effect is to dry up the stream which fertilises the whole field of employment and of industry. I should have thought that no class of the community is more directly interested in a reduction of the Income Tax to-I will not say the pre-War standard, for that is out of sight now, and an utter impossibility-but to a reasonable and moderate standard, than those people who gain their living by the work of their hands. It is not a class question at all. It affects the interests of the whole business world and the whole future of British trade.
H. H. Asquith
GDP! The right concept of economy-wide output, accurately measured. The U.S. and the world rely on it to tell where we are in the business cycle and to estimate long-run growth. It is the centerpiece of an elaborate and indispensable system of social accounting, the national income and product accounts. This is surely the signal innovative achievement of the Commerce Department in the 20th century. I was fortunate to become an economist in the 1930's when Kuznets, Nathan, Gilbert, and Jaszi were creating this most important set of economic time series. In economic theory, macroeconomics was just beginning at the same time. Complementary, these two innovations deserve much credit for the improved performance of the economy in the second half of the century.
Simon Kuznets
For the first time an oil producer country, Ecuador, where a third of the resources of the State depends on the exploitation of the above mentioned resources, resigns this income for the well-being of the whole humanity and invites the world to join efforts through a fair compensation, in order that together we lay the foundations for a more human and fair civilization.
Rafael Correa
Let Mr. Barrasso go to the folks in Wyoming and ask them whether they think it's a good idea that they should be paying a third of their income in child care. Ask elderly people who don't have any teeth in their mouth whether they should be able to get dentures through Medicare. Ask the scientific community whether the time is now in a big way to deal with climate. Ask the ordinary American consumer whether we should take on the greed of the pharmaceutical industry, which charges us the highest prices in the world for prescription drugs.
Bernie Sanders
The Democratic Party- seeking to blame its election defeat on Russian "interference” rather than the grotesque income inequality, the betrayal of the working class, the loss of civil liberties, the deindustrialization and the corporate coup d'état that the party helped orchestrate - attacks Assange as a traitor, although he is not a U.S. citizen. Nor is he a spy. He is not bound by any law I am aware of to keep U.S. government secrets. He has not committed a crime....
Julian Assange
Nobody can divide a factory's income among thousands of people, without some sort of a gauge to measure people's value. Her gauge was bootlicking. Selfless? In her father's time, all of his money wouldn't have given him a chance to speak to his lousiest wiper and get away with it, as she spoke to our best skilled workers and their wives. She had pale eyes that looked fishy, cold and dead. And if you ever want to see pure evil, you should have seen the way her eyes glinted when she watched some man who'd talked back to her once and who'd just heard his name on the list of those getting nothing above basic pittance. And when you saw it, you saw the real motive of any person who's ever preached the slogan: 'From each according to his ability, to each according to his need'.
John Galt
