A Quote by Henry Wallich

Growth is a substitute for equality of income. So long as there is growth there is hope, and that makes large income differentials tolerable.

Henry Wallich

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Equality Growth Hope Income Large Long Makes Substitute There Is Hope Tolerable

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Henry Wallich
American - Economist
June 10, 1914 - September 16, 1988

My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.

Joseph Stiglitz

For the three decades after WWII, incomes grew at about 3 percent a year for people up and down the income ladder, but since then most income growth has occurred among the top quintile. And among that group, most of the income growth has occurred among the top 5 percent. The pattern repeats itself all the way up. Most of the growth among the top 5 percent has been among the top 1 percent, and most of the growth among that group has been among the top one-tenth of one percent.

Robert H. Frank

China's continued growth and rising household income are creating opportunities for lower-income economies in low-cost manufacturing.

Michael Spence

Under Obama, income growth has been confined almost entirely to those at the top of the income distribution, continuing a pattern that began under President George W. Bush.

Timothy Noah

For every challenge we face - unemployment, poverty, crime, income growth, income inequality, productivity, competitiveness - a great education is a major component of the solution.

Bruce Rauner

Without productivity gains, any growth in GDP is exactly offset by population growth, and the average income stays the same.

Said Musa

The data does not support that high-income tax cuts are the main drivers of growth, so I don't think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country.

Austan Goolsbee

My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.

Robert Kiyosaki

Research suggests that large divisions of income and wealth weaken demand and generate economic imbalances that create instability and undermine growth.

Victor Ponta

During the 1960s, rising real wages for low-income and high-income workers, due in part to rapid economic growth and the spread of unionization, worked in tandem with expanding government support systems to improve Americans' well-being.

Stephanie Coontz

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.

Sri Mulyani Indrawati

Let's eliminate the income tax, which is one huge speed bump to long-term economic growth and recovery.

Tate Reeves

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

Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend.

Michael Hudson

Given the relativity concept, poverty cannot be eliminated. Indeed, an economic upturn with a broad improvement in household income does not guarantee a decrease in the size of the poor population, especially when the income growth of households below the poverty line is less promising than the overall.

Carrie Lam

The National Policy for Farmers calls for a paradigm shift from measuring agricultural progress merely in terms of growth rates, to measuring it in terms of the growth in the real income of farm families.

M. S. Swaminathan

A Quote by Henry Wallich

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