A Quote by Ha-Joon Chang

The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.

Ha-Joon Chang

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Best Best Way Boost Downward Economy Higher Income People Poorer Proportion Spend Tend Way Wealth

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Ha-Joon Chang
South Korean - Economist
Born: October 7, 1963

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.

Adair Turner, Baron Turner of Ecchinswell

Most people have it all wrong about wealth in America. Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.

Thomas J. Stanley

Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.

Henry Hazlitt

Bill Clinton is not a hypocrite. If a man believes that it is just and moral to redistribute wealth, there is nothing hypocritical in his attempts to redistribute some of that wealth to himself.

P. J. O'Rourke

That's the problem with very high taxes - they don't redistribute wealth; they redistribute people.

Daniel Hannan

The main substantive achievement of neoliberalism has been to redistribute rather than to generate wealth and income.

David Harvey

If women have an income, they will invest a higher proportion of that income in their children than men do. So you do get those societal returns very quickly.

Ann Cotton

It is less important to redistribute wealth than it is to redistribute opportunity.

Arthur H. Vandenberg

Any health care funding plan that is just, equitable, civilized and humane must - must - redistribute wealth from the richer among us to the poorer and the less fortunate. Excellent healthcare is by definition re-distributional.

Donald Berwick

It's time to create an Economic Growth Code whose purpose is to fix and grow the economy, not redistribute massive amounts of wealth.

Ari Fleischer

When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in debt are getting all the growth in wealth and income. Deflation means that income is being transferred to the 1%, that is, to the creditors and property owners.

Michael Hudson

Income is now more concentrated in the hands of the rich. Those well-off households tend to save and invest higher proportions of their earnings than middle-class or low-income families do.

Annie Lowrey

People understand that the economy is rigged. They're working longer hours for low wages. All new income and wealth, almost all, is going to the people on top.

Bernie Sanders

The poorer is a family, the greater is the proportion of the total outgo which must be used for food... The proportion of the outgo used for food, other things being equal, is the best measure of the material standard of living of a population.

Ernst Engel

In a world of massive wealth and income inequality, Europe must support Greece’s efforts to build an economy which creates more jobs and income, not more unemployment and suffering.

Bernie Sanders

Would-be income guarantors ignore or despise the capitalistic system that makes their dreams dreamable and gives their redistribute-the-income proposals whatever plausibility they have.

Henry Hazlitt

A Quote by Ha-Joon Chang

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