A Quote by Roy Jenkins
A substantial extension of public ownership is an essential pre-requisite of greater equality of earned income
Related Quotes
I think Republicans need to take income inequality more seriously. Not because I favor equality of outcomes. I do not. I think the Right is correct to stress merit and earned rewards, not handouts and forced equality. But I think what Republicans are blind to is that power corrupts.
The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.
My generation took on political equality. I believe young people, who have graduated into a poor economy, have an incentive to take on much tougher issues of income equality. If they show the leadership they have demonstrated in the last few elections, they can bring changes even greater than my generation achieved.
At Year Up, our students - low income 18-24 year olds - come to us having already faced substantial obstacles in life. They are not in search of a handout; what they want most of all is the ability to take ownership of their own futures.
When I speak of The Case for Equality I mean human equality; and that, of course, can only mean one thing: it means equality of income.
Peace is a pre-requisite for development.
Most important, [research on affirmative action] has completely failed to show that affirmative action ever closes the academic gap between minorities and whites. And failing in this, affirmative action also fails to help blacks achieve true equality with whites - the ultimate measure of which is parity in skills and individual competence. Without this underlying parity there can never be true equality in employment, income levels, rates of home ownership, educational achievement and the rest.
... an essential feature of a decent society, and an almost defining feature of a democratic society, is relative equality of outcome - not opportunity, but outcome. Without that you can't seriously talk about a democratic state... These concepts of the common good have a long life. They lie right at the core of classical liberalism, of Enlightenment thinking... Like Aristotle, [Adam] Smith understood that the common good will require substantial intervention to assure lasting prosperity of the poor by distribution of public revenues.
Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
Since 1994, unemployment rates are lower. Median household income is higher. A greater percentage of Americans are graduating from college. Home ownership rates are higher. And the violent crime rate has decreased.
A society that puts equality - in the sense of equality of outcome - ahead of freedom will end up with neither equality or freedom. The use of force to achieve equality will destroy freedom. On the other hand, a society that puts freedom first will, as a happy by-product, end up with both greater freedom and greater equality. Freedom means diversity but also mobility. It preserves the opportunity for today's less well off to become tomorrow's rich, and in the process, enables almost everyone, from top to bottom, to enjoy a richer and fuller life.
The transfer of Wall Street from private ownership to public ownership has been a big step backward.
The total dividend income declared in 1995 by the bottom 9.7 million Canadian tax-filers (47% of all those submitting tax returns) was $310 million. The estimated dividend income received by the Thomson family in 1995 from its 72% ownership share of the Thomson Corporation and its 22% ownership share of the Hudson's Bay Company was $310 million.
Gender equality is essential for ensuring that men and women can contribute fully at home, at work, and in public life for the betterment of societies and economies at large.
The untold secret driving the obstruction to Obama's economic equality agenda is this: The opposition isn't really battling Big Government. The opposition is protecting an economic system that's putting more and more of the earned income out of reach for those aspiring to better themselves.
The A.M.T. is a parallel system for calculating tax liability intended to ensure that high-income taxpayers pay a substantial amount in federal tax even if they have large deductions or other items to offset income.
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