A Quote by George Gilder
A successful economy depends on the proliferation of the rich, on creating a large class of risk-taking men who are willing to shun the easy channels of a comfortable life in order to create new enterprise, win huge profits, and invest them again.
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Large companies and government agencies have a lot to protect and therefore are not willing to take big risks. A large company taking a risk can threaten its stock price. A government agency taking a risk can threaten congressional investigation.
In order for fashion to progress, we have to always be willing to invest in someone or something new and embrace risks, regardless of the economy.
We're going to have to invest in the American people again, in tax cuts for the middle class, in health care for all Americans, and college for every young person who wants to go. In businesses that can create the new energy economy of the future. In policies that will lift wages and will grow our middle class. These are the policies I have fought for my entire career.
There is an alternative to terror. It is called, in the political order, democracy. In the economic order, it is called the dynamic enterprise economy. (...) It empowers poor people from the bottom up. (...) A dynamic economic sector is the poor's best hope of escaping the prison of poverty. It is the only system so far known to human beings to take poor people and make them, quite soon, middle class, and some of them even (horrors!) rich.
The way we're really going to grow the economy is to invest in people, to invest in innovation, to have the federal government put money in the kind of research that will create the new high-technology, biotechnology industries that will create the millions of new jobs.
We're not meant to do it on our own. We're meant to do life with God and with each other. I've been fortunate to have friends that are willing to invest in me even on the days when I'm not able to invest back into them. I'm thankful for people that have that selfless attitude and have helped me become a successful person and a successful athlete.
The way we're really going to grow the economy is to invest in people, to invest in innovation, to have the federal government put money in the kind of research that will create the new high-technology, bio-technology industries that will create the millions of new jobs.
High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources.
The market steers the capitalistic economy. It directs each individual's activities into those channels in which he best serves the wants of his fellow-men. The market alone puts the whole social system of private ownership of the means of production and free enterprise in order and provides it with sense and meaning.
We have made a decision in our economy to lower taxes on successful risk-taking and have been very successful relative to Europe and Japan.
Survival in the demand economy depends on and requires experimentation, risk taking, and trial and error.
Building channels for people to believe that the city sees them and hears them and is willing to invest, is going to be critically important, and we have to start that right away.
Creating efficiencies in private markets is a huge win for the economy.
So, is there a "new economy?" The answer is: It depends. It depends on how you define new economy, and it depends on where you live.
The rich do not have to invest enough in the poorest countries to make them rich; they need to invest enough so that these countries can get their foot on the economic ladder . . . Economic development works. It can be successful. It tends to build on itself. But it must get started.
History reveals no civilized people among whom there was not a highly educated class and large aggregations of wealth. Large profits mean large payrolls.
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