A Quote by Robert Reich

It's true that redistributing income to the needy is politically easier in a growing economy than in a stagnant one.

Robert Reich

Quote Topics

Easier Economy Growing Growing Economy Income Needy Politically Stagnant Than True

Quote Author

Robert Reich
American - Economist
Born: June 24, 1946

The economy working - the economy growing, corporations growing and hiring people and wage increases occurring - is the worst thing that can happen politically for the Democrat Party.

Rush Limbaugh

If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.

Tyler Cowen

We all know growth is absolutely vital to a free society. No one should want Australia to be a stag-nation: a nation with a stagnant economy and stagnant aspirations.

Rupert Murdoch

The standard of 'affordable' housing is that which costs roughly 30 percent or less of a family's income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent.

Matthew Desmond

The only truly new ideas [the right] has come up with in the last twenty years are (1) supply side economics, which is a way of redistributing the wealth upward toward those who already have more than they know what to do with, and (2) creationism, which is a parallel idea for redistributing ignorance out from its fundamentalist strongholds to those who know more than they need to.

Barbara Ehrenreich

If the economy is growing fast, there is call for a distributing income from the rich to the poor to to put in place social safety nets.

Manmohan Singh

True economy consists in always making the income exceed the outgo.

P. T. Barnum

I've put my life back together, but it's all a growing process and that's neat, too, because if you stop growing, what good is it musically? So that is what I am looking forward to - growing. In some ways, I felt stagnant in my life and it showed.

Stevie Ray Vaughan

Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend.

Michael Hudson

Ironically, in the full-fledged transfer society, where governments busy themselves redistributing income by means of hundreds of distinct programs, hardly anyone is better off as a result.

Robert Higgs

There are limits to what we can do. That's for sure. That is true. One of the downsides of a growing economy [is that] we're accommodating a lot more people. They're buying houses and the market is growing. That is part of the downside of that, but I think that all of us do have to decide to act on it.

Christy Clark

True economy consists in always making the income exceed the out-go. Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress: live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income.

P. T. Barnum

The median family income in the U.S. is lower than it was a quarter-century ago, and if people don't have income, they can't consume, and you can't have a strong economy. There's significant risk - actually it's no longer a risk - a significant likelihood of a marked slowdown not only in China, but also in a lot of other countries like Brazil, which is in recession. All of the other countries that depend on commodities, including Canada, are facing difficulties. So it's hard to see a story of a strong U.S. economy.

Joseph Stiglitz

Helping the poor doesn't mean redistributing the wealth. It means removing the breaks that give the wealthy an advantage so huge that big chunks of the nation's income are automatically removed from individual economic competition.

Donna Brazile

For one thing, Medicaid is an inefficient if not ineffective platform for redistributing income. It doesn't get the dollars to poor people in forms that they can best use. Dollars are laundered through healthcare benefits that people may not need. It also means propping up a lot of healthcare interests rather than individual Americans.