A Quote by Austan Goolsbee

Cutting taxes for very high income people an average of more than $100,000 a year for people that make more than a million dollars a year is not an effective way to get the economy going.
What the Republicans have said is rather than touch one hair on the heads of the wealthiest people in our country, people who make over $1 million a year, they're saying, 'Seniors should pay $6,000 more dollars a year. But please don't let us ask the wealthiest to do their fair share.'
The richer people, when they get another $100,000, or another million, or 10 million, don't tend to spend it as much as the poorer people would if they got another $100 or $1,000 or $5,000. All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.
Each year more than 100,000 high school graduates, with proved ability, do not enter college because they cannot afford it. And if we cannot educate today's youth, what will we do in 1970 when elementary enrollment will be 5 million greater than 1960? And high school enrollment will rise by 5 million. College enrollment will increase by more than 3 million.
For the typical Americans, most of their income comes from wages. So, for people making less than $1 million a year, about 70% of their income comes from wages. But for those making more than $1 million, for the top 0.3%, it's the opposite.
In time of this grave national danger, when all excess income should go to win the war, no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year.
Just look at that Forbes 400. Takes a billion three to get on the Forbes 400 this year. And the aggregate wealth is just staggering. And those people are paying less percentage of their total income to the federal government than their receptionists are. [...] I'll bet a million dollars against any member of the Forbes 400 who challenges - me that the average for the Forbes 400 will be less than the average of their receptionists.
24,000 people, 18,000 of them children, die every day because of hunger. Each year we bring food to nearly 90 million people in more than 80 countries. Food - there's no greater gift, and no better way to give it than the World Food Programme.
This is going to sound horrible, but I don't even know how much I make in a year. It must be, you know, a couple of million dollars, a few million. I know it's more money than my dad, a jail guard, made in his lifetime; more money than I'll ever need.
Here's what I can tell the American people: 95 percent of you will get a tax cut. And if you make less than $250,000, less than a quarter-million dollars a year, then you will not see one dime's worth of tax increase.
What can be more soul shaking than peering through a 100-inch telescope at a distant galaxy, holding a 100-million-year-old fossil or a 500,000-year-old stone tool in one's hand, standing before the immense chasm of space and time that is the Grand Canyon, or listening to a scientist who gazed upon the face of the universe's creation and did not blink?
According to the Tax Foundation, the average American worker works 127 days of the year just to pay his taxes. That means that government owns 36 percent of the average American's output-which is more than feudal serfs owed the robber barons. That 36 percent is more than the average American spends on food, clothing and housing. In other words, if it were not for taxes, the average American's living standard would at least double.
There are 100,000 actors in the Screen Actors Guild. Only 2,000 of them make more than $75,000 a year.
Wealth - any income that is at least one hundred dollars more a year than the income of one's wife's sister's husband.
I think 'Cyrus' has a lot of fat in it. It was a $7 million movie. If you're going to make a movie with famous people, you don't necessarily need to spend 7 million dollars. Make it for less than that, and you'll be able to sell it and make a ton more than that, and everybody shares the profits.
Malaria is a disease that kills one to three million people a year. 300 to 500 million cases are reported. It's estimated that Africa loses about 13 billion dollars a year to the disease. Five dollars can save a life. We can send people to the moon; we can see if there's life on Mars - why can't we get five-dollar nets to 500 million people?
Modern motor vehicles are safer and more reliable than they have ever been - yet more than 1 million people are killed in car accidents around the world each year, and more than 50 million are injured. Why? Largely because one perilous element in the mechanics of driving remains unperfected by progress: the human being.
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