A Quote by Michael Hudson
You have to abolish pension plans. You have to abolish social spending. You have to raise taxes. You have to have at least fifty percent of the European population emigrate, either to Russia or China. You would have to have mass starvation. Very simple. That's the price that the Eurozone thinks is well worth paying.
Related Quotes
The current U.S. and Eurozone depression isn't because of China. It's because of domestic debt deflation. Commodity prices and consumer spending are falling, mainly because consumers have to pay most of their wages to the FIRE sector for rent or mortgage payments, student loans, bank and credit card debt, plus over 15 percent FICA wage withholding for Social Security and Medicare actually, to enable the government to cut taxes on the higher income brackets, as well income and sales taxes.
The former pension minister, the Liberal Democrat Steve Webb said I was trying to abolish the lump sum. Instead, we are going to keep the lump sum and abolish the Liberal Democrats.
The precariat is today's mass class, which is both dangerous, in rejecting old political party agendas, and transformative, in wanting to become strong enough to be able to abolish itself, to abolish the conditions of insecurity and inequality that define it.
If you would abolish covetousness, you must abolish its mother, profusion.
But the European Union does not have a concept of national identity. It was set up to abolish that idea, not to abolish German national identity because that was trying to save itself.
I hope we shall abolish war and settle all differences at the conference table I hope we shall abolish all hydrogen and atom bombs before they abolish us first.
Abolish plutocracy if you would abolish poverty.
If God thinks this state of war in the universe a price worth paying for free will...then we may take it it is worth paying.
You point out that war is only a symptom of the whole horrid business of human behavior, and cannot be isolated. And that, even if we abolish war, we shall not abolish hate and greed. So might it have been argued about slave emancipation, that slavery was but one aspect of human disgustingness, and that to abolish it would not end the barbarity that causes it. But did the abolitionists therefore waste their breath? And do we waste ours now in protesting against war?
Hillary Clinton wants to abolish - essentially abolish - the Second Amendment.
We must abolish nuclear weapons, or they will abolish us.
The left does understand how raising taxes reduces economic activity. How about their desire for increasing cigarette taxes, soda taxes? What are they trying to do? Get you to buy less. They know. They know that higher taxes reduce activity. It's real simple: If you want more of an activity, lower taxes on it. If you want less of an activity, raise taxes. So if you want more jobs? It's very simple. You lower payroll taxes. If you don't want as many jobs, then you raise corporate taxes. It's that simple, folks.
With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans.
To abolish war it is necessary to abolish patriotism, and to abolish patriotism it is necessary first to understand that it is an evil. Tell people that patriotism is bad and most will reply, 'Yes, bad patriotism is bad, but mine is good patriotism.'
Abolish plutocracy if you would abolish poverty. As millionaires increase, pauperism grows. The more millionaires, the more paupers.
The Kochs have been activists since the 1970s. You can go back and look at the platform of the Libertarian Party in 1980 and see what they really believe in. They wanted to abolish huge swaths of the U.S. government, including the Internal Revenue Service. They want to get rid of Social Security. They'd like to get rid of Medicare. They'd like to abolish the Environmental Protection Agency, which directly affects their business.
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