A Quote by Paul Ormerod
At 2 per cent growth a year, an economy doubles in size in just thirty years.
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One of the great drivers of the alienation that has made Donald Trump possible is that the growth in the American economy has been weak. In the decade from 2005 to 2015, there was not one year when the US hit three per cent growth. And to the extent there's been growth, virtually all of it has been collected by the top 10 per cent of the population. Obviously, if we knew how to make growth faster, we would. We don't. And it's very difficult to make growth more broadly shared. Because it's not just the US that has this problem.
Our royalty statement has been minimal and menial. Really. We don't collect more than a per cent of a per cent of a per cent of a per cent of a per cent of a per cent of a per cent. We get maybe the seventh of 1 percent.
The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.
Health care is in as bad a shape as it has ever been after eight years of Barack Obama and the Democrat Party running it and running the US economy. It's an absolute disaster. Other areas of the economy are a disaster. Economic growth? There isn't any. It's 1% per quarter, a 4% growth rate per year if we're lucky. There is no expansion. There is no productivity increase.
Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last.
Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.
If we want to contrast what we have done in the past few years on delivery with what the right hon. and learned Gentleman delivered, let us remember the interest rates at 10 per cent. to 15 per cent., the 1.5 million fewer people in work, the boom and the bust and the borrowing at 8 per cent.
We’ve got ninety-nine per cent the same genes as any other person. We’ve got ninety per cent the same as a chimpanzee. We’ve got thirty per cent the same as a lettuce. Does that cheer you up at all? I love about the lettuce. It makes me feel I belong.
I am for 100 per cent Americanism, 100 per cent efficiency, and 100 per cent life. I expect to live to be 100 years old.
You know most people live ninety per cent in the past, seven per cent in the present, and that only leaves them three per cent for the future.
If Europe today accounts for just over 7 per cent of the world's population, produces around 25 per cent of global GDP and has to finance 50 per cent of global social spending, then it's obvious that it will have to work very hard to maintain its prosperity and way of life.
There's not a human being alive I won't talk to. There's a quite simple rule. If you like somebody more than you dislike them you can have a relationship. Once you accept you like 75 per cent but 25 per cent you find irritating for this or that reason, you just have to ignore that 25 per cent.
If you walk along the street you will encounter a number of scientific problems. Of these, about 80 per cent are insoluble, while 19½ per cent are trivial. There is then perhaps half a per cent where skill, persistence, courage, creativity and originality can make a difference. It is always the task of the academic to swim in that half a per cent, asking the questions through which some progress can be made.
Seventy per cent of the clothes you own should be meat and potatoes. Thirty per cent should be icing and fluff - that's colour, pattern, shine, accessories. Too many women get the proportions the other way round, then can't figure out why they can't get dressed.
If college cut-offs are above 90 per cent in a particular class, then where would mediocre students with 60 per cent or 70 per cent go? Students who secure 60-70 per cent marks are also intelligent, but they could not get admission in courses of their choice for scoring lower marks than the toppers.
To put it in context, the federal government was, at the beginning [of the Vancouver meeting], talking about a $15-per-tonne floor for carbon emissions. We're at $30 a tonne, so we're already double that. But our economy is growing at a faster rate - three per cent of GDP is our projected growth in British Columbia.
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