A Quote by Jeremy Paxman
The promise of Western capitalism of ever rising rates of pay has turned out to be the cheque that bounced
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I'm trying to keep"? he huffed, shifting his weight as the treetop bounced him?"my promise!" I blinked my wet blurry eyes, suddenly sure that I was dreaming. "When did you ever promise to kill yourself falling out of Charlie's tree?
The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.
The first play I did was a funny one called 'The School for Wives', by Moliere. We were wearing the ugliest wigs and the worst costumes you can ever imagine to try to recreate 17th-century France in Singapore. But I got my first real pay cheque from that. I was very happy taking that cheque to the bank.
My parents were always living from pay cheque to pay cheque. They were always struggling.
I don't think the western world is questioning capitalism. Capitalism as a concept is not something that society has written off. But today, there is degree of caution around capitalism. We believe in compassionate capitalism. Growth for growth's sake can never be an end in itself.
High tax rates that people don't actually pay do not bring the government as much revenue as lower tax rates that they do pay.
I do think that at this moment in late capitalism it is easier in our minds to imagine raising Florida 30 feet to escape the rising seas than it is to regulate capitalism to make it serve human beings.
The high-tech, globalized capitalism of the 21st century is very different from the postwar version of capitalism that performed so magnificently for the middle classes of the Western world.
Workplace relations is about getting the best out of people. An argument which says that the only way we can compete with other nations in the world is engaging in a race to the bottom in terms of pay rates, penalty rates, protections on rosters, getting rid of family friendly provisions - that is not Australia's future.
I want a regular pay cheque.
The left hates capitalism, not because of freedom and liberty - although they do. But the primary they hate capitalism is that it is the most efficient engine to create wealth for the greatest number of people in a society that has ever been devised. Nobody's ever claimed it's perfect. Nobody's ever said it's flawless. But it's better than anything else out there, particularly anything left has to offer.
Having been kept pretty strict in prep schools, I guess I couldn't cope with all the freedom at Yale. I had a wild, wonderful time, got abysmal grades and was bounced out in my freshman year. I then came back the following fall as a repeating freshman, lasted until April and got bounced out again - for the same reason.
When I was younger, I'd wanted someone to promise me that things would work out and nothing bad would ever happen again. But I understood now that that was a child's wish. No one could promise that. No one. The grown-ups could try, but they couldn't promise, not and mean it.
With interest rates rising, gold doesn't pay an interest rate, but every other currency - it becomes not only less important to hold gold as an alternative, but more expensive to hold it as an insurance policy and so that will be a burden on the price of gold.
It's one of the fundamental principles of the stock market: When interest rates go up, stocks go down. And along with financial companies and cyclicals, technology companies - with their sky-high price-to-earnings multiples - should be among the biggest losers in an environment of rising rates.
I think I probably had to have been two or three when I fell in love with anything that bounced - any kind of ball that bounced, I was running and screaming after it.
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