A Quote by Bill Gates
Middle-income countries are the biggest users of GMOs. Places like Brazil.
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The median family income in the U.S. is lower than it was a quarter-century ago, and if people don't have income, they can't consume, and you can't have a strong economy. There's significant risk - actually it's no longer a risk - a significant likelihood of a marked slowdown not only in China, but also in a lot of other countries like Brazil, which is in recession. All of the other countries that depend on commodities, including Canada, are facing difficulties. So it's hard to see a story of a strong U.S. economy.
Brazil is one of the biggest Latin American countries, the biggest, no doubt, and, more importantly, it is a country with immense development potential.
The people who are having the hard time right now are middle-income Americans. Under the president's policies, middle-income Americans have been buried. They're just being crushed. Middle-income Americans have seen their income come down by $4,300. This is a tax in and of itself. I'll call it the economy tax. It's been crushing.
So the books have a greater appeal to a British audience, but that hasn't stopped them making best-seller lists in places like Brazil, Japan and at least a dozen other countries.
The confidence is really driven by the woman - whether she can have the confidence that there will be enough earning or income to finance all the domestic spending - but also by the middle-income class, which for many Asian countries has become the growth power for the economy.
By 2035, there will be almost no poor countries left in the world. Almost all countries will be what we now call lower-middle income or richer.
In Brazil, you know that only first place counts; in other countries, you might celebrate coming second, third, or fourth, but not in Brazil.
I agree that income disparity is the great issue of our time. It is even broader and more difficult than the civil rights issues of the 1960s. The '99 percent' is not just a slogan. The disparity in income has left the middle class with lowered, not rising, income, and the poor unable to reach the middle class.
Middle-income countries need to attend to the education of their poorest people to build their economies and ensure long-term stability.
What I do is allow middle-income families to finally be able to save their money tax-free. No tax on interest dividends or capital gains for middle-income Americans.
Here in Brazil, homophobia is everywhere. If Brazil looked up to good things that other countries do, it would become a better place. I'm not talking about homosexuals only, but for everything else.
If you're going to compare a middle-income black kid with a middle- income white kid, and, say, you control for family background, family education, and family income, and if this middle-income black kid doesn't score as well as the white kid on the test, then I say, look, you haven't taken into consideration the cumulative effect of living in a segregated neighborhood and going to a de facto segregated school. You're denying a position at Harvard or some other place to a kid that really could make it. That's why I support affirmative action that's based on both class and race.
Brazil has a lot of issues that are similar to a lot of countries in Latin America, but the dominant issue Brazil is dealing with is poverty and political corruption.
In middle-income countries, inequality becomes a problem because you can see there is a layer of people who are doing well, while the poor are still stuck there.
The increase in inequality in income is a longtime trend, but the pressure on middle- and low-income workers is going up rapidly. Especially if they live in an area where there are high housing and gas prices, like California.
There are many countries in the world that when they reached the middle-income stage, they witnessed serious structural problems such as growth stagnation, a widening wealth gap and increasing social unrest.
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