Quotes About Income

Whatever your income level is, save as much as you can - up to 20 percent, but more if you can - and invest it. Put that into an IRA; put that into a brokerage account.

In Irish law, busking is considered vagrancy - you can be arrested for it. It's risky asking people for money in public. So it's not like it's a high-art job. And people who do it as a high-art job make very little money.

Look at guys like Demetrious Johnson, who's the pound-for-pound best fighter in the world. Why isn't he on the largest pay scale? Why are there people that aren't even champions making more money?

Between 2000 and 2016, half of Americans saw no gains to their real incomes; the proportion of national output going to the top 1 percent went from 9 percent of GDP in 1974 to 24 percent in 2008.5

Clientelism is an efficient form of political mobilization in societies with low levels of income and education, and is therefore best understood as an early form of democracy.

La conexión entre ingreso y dignidad también sugiere por qué algo parecido a una renta universal garantizada, como solución a la pérdida de empleos por culpa de la automatización, no conseguirá la paz social ni hacer felices a quienes la reciban.

At first it was the incomes of corporations, then of rich citizens, then of well-provided widows and opulent workers, and finally the wealth of housemaids and the tips of waitresses. This is all in line with the ability to pay doctrine. The poor, simply because there are more of them, have more ability to pay than the rich.

The reaction to his funeral, in 1923, was more about the future than the past. New issues of securities of industrial companies would increase from 690 during the year after Harding's death to nearly 2,000 in 1929.1 Brokers' loans to investors and share ownership would quadruple by 1929.2 The number of Americans who paid tax on income of a million dollars a year also would quadruple.3

Taxes are paid in the sweat of every man who labors.

Nuestros sentimientos de felicidad dependen de la comparación entre los ingresos propios y los ajenos.

Today, rather than a democracy we have a plutocracy (rule by moneyed interests) in which some of the formal elements of democracy nonetheless remain. Needless to say a real democracy ... is impossible where income, wealth, and power are concentrated and where inequality is growing, that is, in the normal ways of things under capitalism

Actually he did not need to earn a penny. By 1913 his mother and his aunt had left him two fair-size legacies. He kept both secret. Nobody in the Männerheim suspected him of an income that could have easily paid for quarters at a comfortable hotel.

My mother was an English teacher who decided to become a math teacher, and she used me as a guinea pig at home. My father had been a math teacher and then went to work at a steel mill because, frankly, he could make more money doing that.

In China, the main offsetting forces—that is, those that may keep inequality high—are the increased share of income coming from private capital, corruption, and regional income gaps. In the United States, those forces are the heavy concentration of capital in the hands of the rich, the unification of high capital and labor incomes in the same people (the "new capitalism"), and the political power of the rich.

Already, among the top 10 percent of wage-earners, we cannot identify differences in observable characteristics (education, experience) that could explain why salaries between the top 1 percent and the remaining 9 percent differ by a factor of ten or more (Piketty 2014, chap. 9).

I did not feel lonesome; if I was not afraid; and the like. Others have been curious to learn what portion of my income I devoted to charitable purposes; and some, who have large families, how many poor children I maintained

when personal incomes are taxed 50, 60 or 70 percent. People begin to ask themselves why they should work six, eight or nine months of the entire year for the government, and only six, four or three months for themselves and their families. If they lose the whole dollar when they lose, but can keep only a fraction of it when they win, they decide that it is foolish to take risks with their capital.

We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it produces.

need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.

Reasonable taxes for this purpose need not hurt production much. The kind of government services then supplied in return, which among other things safeguard production itself, more than compensate for this. But the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment.

whole more than it produces. The best way to raise wages, therefore, is to raise marginal labor productivity. This can be done by many methods: by an increase in capital accumulation—

But need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.

Each of us must also sell something, even if for most of us it is our own services rather than goods, in order to get the purchasing power to buy.

The best wage rates for labor are not the highest wage rates, but the wage rates that permit full production, full employment and the largest sustained payrolls.