We work harder and we earn less. Income inequality is at the highest point in over a century. While American capitalism never guaranteed success, it did guarantee opportunity, for too many, the dream of economic mobility has been replaced with a nightmare of economic stagnation.
Are we interested in treating the symptoms of poverty and economic stagnation through income redistribution and class warfare, or do we want to go at the root causes of poverty and economic stagnation by promoting pro-growth policies that promote prosperity?
They emphasize the viewpoint that the protracted economic stagnation in Japan derives from incomplete economic adjustments to significant changes in relative prices.
A basic element of the American dream is equal access to education as the lubricant of social and economic mobility.
Free market capitalism is far more than economic theory. It is the engine of social mobility-the highway to the American Dream.
The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
The present tax codes inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions.
Too many entrepreneurs think their valuation is the real economic price of their company. It's not. It's not a real economic price unless you are selling 100%.
We live in a world community, and economic contact has partly contributed to that. It?s also the case that economic opportunity opened up by economic contact has helped to a great extent to reduce poverty in many parts of the world.
I think our failure as a caucus has been not to focus on economic issues. I think we - and I'm supportive of all the issues that - that we talk about, but you need an economic - a robust, economic message that - that covers everybody.
Economic mobility will fix income inequality.
It is common talk that every individual is entitled to economic security. The only animals and birds I know that have economic security are those that have been domesticated--and the economic security they have is controlled by the barbed-wire fence, the butcher's knife and the desire of others. They are milked, skinned, egged or eaten up by their protectors.
Many white Americans of good will have never connected bigotry with economic exploitation. They have deplored prejudice but tolerated or ignored economic injustice.
The Clinton years were not an economic Nirvana; as chairman of the president's Council of Economic Advisers during part of this time, I'm all too aware of mistakes and lost opportunities.
We provide our citizens upward mobility through economic opportunity.
For millions, the retirement dream is in reality an economic nightmare. For millions, growing old today means growing poor, being sick, living in substandard housing, and having to scrimp merely to subsist.