A Quote by Edward Lazear
The term 'income inequality' is a bit misleading because it suggests in a somewhat pejorative way that the rich are getting richer at the expense of the poor.
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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.
Global inequality is such an abstract concept, simply because there is no global government. Telling people in rich countries who have had no increase in real incomes, stagnant median wages and so on, that on the other hand global inequality is going down because people who are much poorer than them are getting richer - it's something that maybe they would like in an abstract sense, because everyone is happy there are fewer poor Chinese, but you may not be as happy if these Chinese are taking your job.
[The Democrats] will say that the Reagan administrtion has given benefits to the rich at the expense of the poor - a term that they define broadly to include middle-income people, women, minorities, the aged, the young, farmers, steelworkers, and others.
Growing richer every day, for as rich and poor are relative terms, when the rich are growing poor, it is pretty much the same as if the poor were growing rich. Nobody is poor when the distinction between rich and poor is destroyed.
There is growing inequality. The families of the all-powerful Ministers are getting richer. The poor and hard-working Belizeans are getting poorer.
The rich are becoming richer, and the gap between the rich and the poor is getting bigger.
Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.
I don't mind the rich getting richer, but the poor shouldn't be getting poorer, and there should be more people moving into the middle class.
Yes, the South-becoming always poorer-and the North-becoming always richer ...Richer, too in the resources of weapons with which the superpowers and blocs can mutually threaten each other. In the light of Christ's words (Mt. 25), this poor South will judge the rich North. And the poor people and poor nations-poor in different ways, not only lacking food, but also deprived of freedom and other human right-will judge those people who take these goods away from them, amassing to themselves the imperialist monopoly and political supremacy at the expense of others.
The indiscriminate denunciation of the rich is mischievous.... No poor man was ever made richer or happier by it. It is quite as illogical to despise a man because he is rich as because he is poor. Not what a man has, but what he is, settles his class. We can not right matters by taking from one what he has honestly acquired to bestow upon another what he has not earned.
I would say I'm a fiscal conservative and a social liberal, if that contradiction can make sense, because in Bolivia, we have a great problem, which is the inequity of income distribution. The rich aren't that rich, but the poor are very poor.
Income inequality has made having kids, much like getting a quality college education, a rich person's privilege.
The capitalist system is about taking from the Earth and from the other great commodity, labour. What's happening with this system is that the rich are getting richer and the poor are getting poorer, and the only way out of it is supposed to be growth. But growth is debt. It's going to make the situation worse.
The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
The difference between rich and poor is becoming more extreme, and as income inequality widens the wealth gap in major nations, education, health and social mobility are all threatened.
The rich are richer, and the poor are poorer, in the city than elsewhere; and, as a rule, the greater are the riches of the rich and the poverty of the poor.
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