A Quote by John McDonnell

If we need more demand in the economy then protect people in work and raise the incomes of those on low incomes who need to spend, such as the low paid, pensioners and families with children.
The tragedy of government welfare programs is not just wasted taxpayer money but wasted lives. The effects of welfare in encouraging the break-up of low-income families have been extensively documented. The primary way that those with low incomes can advance in the market economy is to get married, stay married, and work—but welfare programs have created incentives to do the opposite.
Firms produce goods for households - that's us - and provide us with incomes, and that's even better, because we can spend those incomes on more goods and services. That's called the circular flow of the economy.
You need to have a state pension that doesn't drag more and more people into means-testing each year and make it very difficult for people on low to medium term incomes to save and not see their savings clawed away.
Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
The American president has to both keep our families safe and make the economy grow in a way that helps everyone, not just those at the top. That`s the job. I have a strategy to combat and defeat ISIS without getting us involved in another ground war. And I have plans to raise incomes and deal with a lot of the problems that keep families up at night.
Perhaps you know some well-off families who do not seem to suffer from their riches. They do not overeat themselves; they find occupations to keep themselves in health; they do not worry about their position; they put their money into safe investments and are content with a low rate of interest; and they bring up their children to live simply and do useful work. But this means that they do not live like rich people at all, and might therefore just as well have ordinary incomes.
I argue that in the long run, the US would be on a far more financially secure footing if we recalibrate how we spend about two-to-three percent of the country's GNP, using state and federal taxes to create pools of money for spending on America's poor - which would, as numerous economists have argued in recent years, create virtuous spending circles, since those on lower incomes spend more of each extra dollar in their possession than do those on higher incomes.
Sales = income. The reason so many people have low incomes is that they are poor at selling.
We have to build an economy that works for everyone, not just those at the top. That means we need new jobs, good jobs, with rising incomes.
Fairness is not just about getting equal pay for equal work (though it is that too!) - it's about taking bold and challenging steps to raise incomes and protect those with little or no economic power.
The people who deserve and need subsidies are those who are on average incomes and less.
A rich and diverse commons lowers the cost of living for those who use it. And throughout history, it has been those on low incomes who gain most from the commons.
Unemployment is low, incomes are up, poverty is down - and that's going to be a lasting change.
Since 2016 we've been campaigning to improve the rights of renters, especially those on low incomes who are being ripped off by stratospheric admin fees, which puts them at risk of homelessness.
I think it's important to look at what we need to do to get the economy going again. That's why I said new jobs with rising incomes, investments, not in more tax cuts that would add $5 trillion to the debt.
The reason families need two incomes today is not to support themselves but to support the government.
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