A Quote by John Kenneth Galbraith
Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
Quote Topics
Quote Author
Related Quotes
Not only our future economic soundness but the very soundness of our democratic institutions depends on the determination of our government to give employment to idle men.
The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation.
One might talk about the sanity of the atom the sanity of space the sanity of the electron the sanity of water- For it is all alive and has something comparable to that which we call sanity in ourselves. The only oneness is the oneness of sanity.
Ronald Reagan, and before him, Richard Nixon, and before Nixon, a slew of conservative politicians going back through American history, have played to the idea that the great majority of poor people are somehow "undeserving," and being undeserving, merit at best very limited, oftentimes deeply coercive and humiliating, government interventions to better their finances. That narrative isn't about to disappear overnight; but it strikes me as being like a weak gruel - there's no sustenance in it, no heft behind the argument.
The nominal budget is a poor indicator of the impact of government outlays and revenues.
Prior to 1940, the affluent and the middle class began to converge, but after 1979, the economic gap between the middle class and affluent widened significantly.
While the rich reap most of the benefits of technological development, the poor bear an unequal burden of dealing with the consequences of the resulting increased pollution. The poor continue to live in greatest proximity to the sources of pollution, the infrastructure and machinery of industry. They work in the most polluted and physically dangerous workplaces. And these same individuals, living and working closest to the sources of environmental catastrophe, are also the ones most lacking decent health care.
We in the West must bear in mind that the poor countries are poor primarily because we have exploited them through political or economic colonialism.
It's a fundamental aspect of the free enterprise system and economics: If there's no penalty associated with increased costs, why not lay on increased costs?
All too many of those who live in affluent America ignore those who exist in poor America; in doing so, the affluent Americans will eventually have to face themselves with the question that Eichman chose to ignore: How responsible am I for the well-being of my fellows?
Business has to stand up on behalf of its employees, on behalf of immigration, on behalf of its customers, and on behalf of supply chain-cum-globalization.
There is no concept more generally cherished by publishers than that of the Undeserving Poor.
It is precisely through falling prices that the fruits of increased productivity and economic growth are spread throughout the market economy.
Rich people in poor places want to show off their wealth. And their less affluent counterparts feel pressure to fake it, at least in public. Nobody wants the stigma of being thought poor.
In the European context tax rates are high and government expenditure is focused on current expenditure. A "good" consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments.
In the European context tax rates are high and government expenditure is focused on current expenditure. A 'good' consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Craig Roberts Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist