A Quote by Christine Lagarde
We draw many benefits from globalization that people take for granted. Poverty has been reduced massively around the world. If you look at the Chinese numbers, it is quite mind-boggling: 700 million people taken out of poverty in a matter of 40 years, the poverty rate having moved from over 30 per cent from hardly six per cent now. That would not have happened if there had not been globalization.
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Our royalty statement has been minimal and menial. Really. We don't collect more than a per cent of a per cent of a per cent of a per cent of a per cent of a per cent of a per cent. We get maybe the seventh of 1 percent.
Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.
I read somewhere that 77 per cent of all the mentally ill live in poverty. Actually, I'm more intrigued by the 23 per cent who are apparently doing quite well for themselves.
If we want to contrast what we have done in the past few years on delivery with what the right hon. and learned Gentleman delivered, let us remember the interest rates at 10 per cent. to 15 per cent., the 1.5 million fewer people in work, the boom and the bust and the borrowing at 8 per cent.
If Europe today accounts for just over 7 per cent of the world's population, produces around 25 per cent of global GDP and has to finance 50 per cent of global social spending, then it's obvious that it will have to work very hard to maintain its prosperity and way of life.
We have an enormous support within the Dutch public. One million people voted for my party.If we would've been extreme, we would've got 0.01 per cent of the vote. We got more than 10 per cent of the vote.
For me it was just more important to get the cancer out. With the double mastectomy I now have less than one per cent chance of getting it back, otherwise it was 20, 30 or 40 per cent chance and for me it wasn't worth it.
You know most people live ninety per cent in the past, seven per cent in the present, and that only leaves them three per cent for the future.
The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.
And if you look at the reality in the United States, where you have more than 40 million people below the poverty line and 42 million on food stamps, and then you look at poverty around the world, clearly the way we're running the engine of capitalism is not serving us well.
Getting back to 100 per cent is one thing, but working at 100 per cent is something else entirely. And given one of my main goals has always been improving my skill set, to do that, I need to be working out at 100 per cent.
The core problem is that the world is full of people who would like to take 99 per cent of the information that's on the Internet, and eliminate 1 per cent. Everyone has their own thing they don't like.
To reduce repossessions caused by unemployment, Gordon Brown needs to look at cutting the rate of corporation tax for small companies to 20 per cent and the main rate to 25 per cent, while reducing the rate of employers' national insurance by 1% for the smallest companies.
I often repeat three numbers: 20-23-26. Quebec generates only 20 per cent of Canada's wealth; it represents 23 per cent of the population, but it does 26 per cent of government spending in Canada. That's incompatible with good financial health over the long term.
According to UNESCO: there are over 154 million children in the world deprived of education due to poverty, slavery, racism, religious extremism, gender discrimination, and geographical isolation. The cost to educate a child in the third world is about $ 1 per month per child. To achieve global literacy, the investment would be $ 8 billion per year for 15 years.
Although more than 500 million maritime containers move around the world each year, accounting for 90 per cent of international trade, only 2 per cent are inspected. Strengthening customs and immigration systems is essential.
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