A Quote by Iain Duncan Smith
My view is pensioners don't have the one option that people of working age have. They can't really increase their income, because they are no longer able to work.
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Work is transformative. It gives you a greater chance of a greater income. You can affect your life while you're of working age, so you have scope and opportunity. Pensioners do not.
Above a certain level of income, the relative value of material consumption vis-a-vis leisure time is diminished, so earning a higher income at the cost of working longer hours may reduce the quality of your life. More importantly, the fact that the citizens of a country work longer than others in comparable countries does not necessarily mean that they like working longer hours. They may be compelled to work long hours, even if they actually want to take longer holidays.
What you do by having an income tax rate reduction across the board, you really provide great incentives for people to work, produce, and increase output. So I would support a carbon tax in replacement for a progressive income tax.
If you're working 50 hours a week to try to maintain family income, and your children have the kinds of aspirations that come from being flooded with television from age one, and associations have declined, people end up hopeless, even though they have every option.
Well, higher-income people don't have to pay taxes if they don't want to because they can move their money somewhere else, they can move their investments. They can stop investing. They can stop working. They don't need to work. They're higher-income people.
One line I'd draw would be on raising the eligibility age for Social Security and Medicare. It sounds fair, since people are living longer. But it isn't. Lower income workers are the ones who find it hardest to keep working after 65. And they'll get penalized with lower benefits.
Any cut to Pell Grants means low-income must take out additional loans or work longer hours - risk factors that increase their odds of dropping out of school.
Facebook's new relationship status option: "No longer able to interact with actual people"
I don't think most people understand that when I wasn't running for president, I was working. Because I have to earn income. I have three kids in college. And three in school. And I have a little girl that has a lot of special needs. So I've got to work for a living. I was working already.
It is possible to increase paper-money income to any amount by debasing the currency. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more.
And our conception that the way we can mitigate the fact that people don't have retirement savings can be more work, or working longer, or just sort of staying in the game for longer is really a false hope. And it's a false promise.
If I chose to have a nanny, I'd be able to pay to have a nanny - a lot of women don't have that opportunity. I don't feel like I'm a working single mom, because I have that option that a lot of people don't have.
If you really want to end income inequality, I've got the way to fix it. People who don't work shouldn't get any income.
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.
The longer-term the option, the sillier the results generated by the Black-Scholes option pricing model, and the greater the opportunity for people who didn't use it.
First, in order to build a business, you have to be able to sell because Sales = Income. When income is lacking, it's usually because the owner doesn't like to, doesn't know how to, or is simply reluctant to sell. Without sales, however, you have no income.
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