Quotes About Economy

American people, always in search of a bargain in the name of saving money, send the money they earn to countries that produce these low-cost bargains. That money costs them their jobs and as well as our country's wealth.

Today, much of the global economy is based on debt and confidence. As long as we all keep holding hands and no one breaks ranks, everything will be fine. By the way, the word fine is my acronym for Feeling Insecure, Neurotic and Emotional.

Employees earn and get taxed, and they try to live on what is left. A corporation earns, spends everything it can, and is taxed on anything that is left. It's one of the biggest legal tax loopholes that the rich use.

Taxes punish those who produce and reward those who don't produce.

By the time the government gets a chance to tax that income, it's been spent on legally allowed pre-tax expenses.

It took the market approximately 25 years to recover to 1929 levels in the year 1955.

In an educated society with a well-run government, prices should actually come down.

You get a tax break for going into greater debt.

the world had an abundance of money.

Remember, bankers love debtors because debtors make the bank rich.

Investment cycles come in waves, as do ocean waves. They also change with the seasons.

Historically, if people live to be 75 years of age, they live through two recessions and one depression.

As an employee, it appears as if the Social Security tax combined with the Medicare tax rate is roughly 7.5 percent, but it's really 15 percent since the employer must match the Social Security amount.

but we cannot count on the fact that it will go up in value.

Heavens no!" said rich dad. "The government always takes its share first.

I know people who are losing their jobs or their houses, and they blame technology or the economy or their boss. Sadly, they fail to realize that they might be the problem. Old ideas are their biggest liability. It is a liability simply because they fail to realize that while that idea or way of doing something was an asset yesterday, yesterday is gone.

The more apartments he builds, the more the price of rent goes down.

The problem was that the government's appetite for money was so great that taxes soon needed to be levied on the middle class, and from there it kept trickling down.

Average Americans today work four to five months for the government just to cover their taxes.

By working harder, you simply increase the amount of taxes taken by the government.

Taxes punish those who produce and reward those who don't produce.

Nearly everyone is feeling the pinch.

The rich will never be taxed. More and more often we see governments use the tax laws to provide incentives to business owners and investors to create jobs and housing. These incentives reduce the taxes of the rich. So the only place for the government to drive tax revenue is from the middle class.

Today, savers are the biggest losers. Since 1971, the U.S. dollar has lost 95 percent of its value when compared to gold. It will not take another 40 years to lose its remaining 5 percent.