Quotes About Income

Thirty-nine percent of Americans will spend a year in the top 5 percent of the income distribution, 56 percent will find themselves in the top 10 percent, and 73 percent will spend a year in the top 20 percent.

A simple solution, but quite drastic: anyone who goes into public service should not be allowed to subsequently earn more from any commercial activity than the income of the highest paid civil servant. It is like a voluntary cap (it would prevent people from using public office as a credential-building temporary accommodation, then going to Wall Street to earn several million dollars). This would get priestly people into office.

The problem of lumpy payoffs is not so much in the lack of income they entail, but the pecking order, the loss of dignity, the subtle humiliations near the watercooler.

Serious empirical investigation (largely thanks to one Lant Pritchet, then a World Bank economist) shows no evidence that raising the general level of education raises income at the level of a country. But we know the opposite is true, that wealth leads to the rise of education—not an optical illusion. We

In 1960 Taiwan had a much lower literacy rate than the Philippines and half the income per person; today Taiwan has ten times the income. At

It netted a 4.5% revenue

Such income provides them some insulation from randomness.

shows no evidence that raising the general level of education raises income at the level of a country.

Independence is person-specific: I have always been taken aback at the high number of people in whom an astonishingly high income led to additional sycophancy as they became more dependent on their clients and employers and more addicted to making even more money.)

get a profession that is "scalable," that is, one in which you are not paid by the hour and thus subject to the limitations of the amount of your labor.

In these professions, no matter how highly paid, your income is subject to gravity.

Other professions allow you to add zeroes to your output (and your income), if you do well, at little or no extra effort.

Just like the income of the driver compared to that of bank employee.

activities. It separates those professions in which one can add zeroes of income with no greater labor from those in which one needs to add labor and time (both of which are in limited supply)

She made the same money in ten minutes that I had made in a day with some hours thrown in. Monetarily speaking, it seemed sure as shit you were better off having a pussy than a cock.

Yeah, jobs, just for the rent and some food in your belly so you can come back and let them rape your hours, your life, you.

The authors propose "a New Deal for globalization—one thatlinks engagement with the world economy to a substantial redistribution of income." Remember, this isn't hippy talk. These are the capitalists who see angry workers with pitchforks loitering outside the gates of a very profitable factory, and they are making a very pragmatic calculation: Throw these people some food (and maybe some movie tickets and beer) before we all end up worse off

Less obviously, concern for the environment is a luxury good. Wealthy Americans are willing to spend more money to protect the environment as a fraction of their incomes than are less wealthy Americans. The same relationship holds true across countries; wealthy nations devote a greater share of their resources to protecting the environment than do poor countries.

Students who attended more selective colleges earned roughly the same as students of seemingly similar ability who attended less selective schools.

Your condo loan might be packaged with 999 other mortgages and sold off to an investor who wanted to receive the steady stream of income as those mortgages were (hopefully) paid off.

L. Mencken once noted that a wealthy man is a man who earns $100 a year more than his wife's sister's husband. Some economists have belatedly begun to believe that he was on to something.

Politician B (more of an elitist): "Our economy is showing appreciable gains: Seventy percent of Americans had rising incomes last year.

We checked our bags and got on line with some of our fellow passengers. Judging from the looks of them, it was clear that they were members of a different income bracket from the people I preferred to surround myself with. But since I also wasn't from the income bracket I preferred, I held off on voicing my initial feelings of despair.

La mayor parte del dinero proviene de las ventas más pequeñas».