A Quote by Bernie Sanders

Here's what income and wealth inequality is about. Last year, the top 25 hedge fund managers made more than 24 billion, enough to pay the salaries of 425,000 public school teachers. This level of inequality is neither moral or sustainable

Bernie Sanders

Quote Topics

About Billion Enough Fund Hedge Hedge Fund Income Inequality Last Last Year Level Made Managers Moral More Neither Pay Public Public School Salaries School School Teachers Sustainable Teachers Than Top Wealth Wealth Inequality Year

Quote Author

Bernie Sanders
American - Politician
Born: September 8, 1941

The growing inequality of wealth and income distribution is both a moral and economic problem. If the wealthy are unwilling to pay more taxes, then this is going to lead to spending cuts. And if you put off the table things like national defense, then you're going to end up cutting more and more out of programs that aid the poor. So, I think there are consequences to this idea that tolerance for inequality requires us to - to just do nothing to make the wealthy contribute a higher share of resources to fund the government.

Bruce Bartlett

I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is very efficient. We see a lot of hedge funds open and a lot close. It's very binary. You either succeed or fail in the hedge fund world. If you succeed, the amount the managers make it beyond most people's wildest dreams of wealth.

Martin Gilbert

There have always been two theories about inequality. One is that it reflects just deserts. The other is that there are large elements of exploitation and inequality of opportunities. The evidence is overwhelmingly that the increase in inequality is associated with those negative factors. If it were all social contribution, then when the top did better, they would be contributing to everybody's well-being. That trickle-down hasn't happened. We've seen median income, people in the middle, actually worse off than they were 25 years ago.

Joseph Stiglitz

If competition for Kaggle's top talent becomes fierce enough among banks, insurance companies, hedge funds - we hope the world's best data scientists will earn more than $50 million per year, just like the world's best hedge fund managers.

Anthony Goldbloom

Today, the United States is No. 1 in corporate profits, No. 1 in CEO salaries, No. 1 in childhood poverty and No. 1 in income and wealth inequality in the industrialized world.

Bernie Sanders

There is far too little discussion in Washington about the collapse of the middle class , almost no discussion at all about the incredible income inequality and wealth inequality in this country, and the fact that we're moving toward an oligarch form of society.

Bernie Sanders

It's really difficult for mainstream - let's say, cable outlets - to talk about things like income inequality, wealth inequality when the advertisers that are funding their shows are the same corporations that want to ensure that the same system continues.

Ana Kasparian

Hillary Clinton, income inequality, it's richest damn woman next to the Kennedy family, and you're trying to tell me she cares about income inequality?

Joe Biden

Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. They end up selling a variety of things beyond mere outperformance.

Barry Ritholtz

Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may have no poor people, and a society with no income inequality may have nothing but poor people.

Robert Higgs

There are some people who say that they?re concerned only with poverty but not inequality. But I don?t think that is a sustainable thought. A lot of poverty is, in fact, inequality because of the connection between income and capability?having adequate resources to take part in the life of the community.

Amartya Sen

This kind of inequality - a level that we haven’t seen since the Great Depression - hurts us all. When middle-class families can no longer afford to buy the goods and services that businesses are selling...it drags down the entire economy from top to bottom. America was built on the idea of broad-based prosperity... That’s why a CEO like Henry Ford made it his mission to pay his workers enough so that they could buy the cars he made. It’s also why a recent study showed that countries with less inequality tend to have stronger and steadier economic growth over the long run.

Barack Obama

We live in a country where a small number of people have incredible wealth and power. America has more income and wealth inequality than any other major country.

Bernie Sanders

They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. It's a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?

Bernie Sanders

This is what income inequality means in America, and why the gap between the very rich and everyone else is growing wider. According to a recent study, CEO pay is now 295 times more than the pay of a typical worker. In 1965, the differential was 20 times. We must create an economy that works for all, not just the top 1%.

Bernie Sanders

True education makes for inequality; the inequality of individuality, the inequality of success, the glorious inequality of talent, of genius.