A Quote by Steven Rattner

India's rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities. — © Steven Rattner
India's rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities.
Indias rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities.
An important factor influencing intergenerational mobility and trends in inequality over time is economic opportunity.
Americans are better off in a dynamic, free-enterprise-based economy that fosters economic growth, opportunity and upward mobility instead of a stagnant, government-directed economy that stifles job creation and fosters government dependency.
We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive redistribution.
In the words of Louis Brandeis, the Supreme Court justice, we have a choice between a democracy or vast concentrations of wealth. We have vast concentrations of wealth which has bought its way into our democracy with its political leaders who exemplify the merger of that economic and political elite.
There is no doubt that as an economy grows in a great way like India has, that you have to step back and change your tax systems, because you start to get more disparities of wealth.
A basic element of the American dream is equal access to education as the lubricant of social and economic mobility.
It is worthwhile to engage in something that is close to one's heart. I had a scholarship. So if I donate money to give brilliant Chinese students an opportunity to study abroad, then this embodies everything I believe in: education, globalization, social mobility. I am an example of social mobility.
Despite all of the civil rights gains of the past several decades, when it comes to economic opportunity, African Americans and Latinos still experience far more unemployment than do whites and Asians, average wages are lower, and household wealth is lower. A smaller percentage of African Americans and Latinos attend, and complete, college, than is the case with whites and Asians, and a higher percentage end up in prison. All of these are indicators of massive disparities in opportunity, and these disparities are mirrored in poverty data.
Federal policies must understand the linkages between economic growth, social mobility, and a strong middle class.
Free market capitalism is far more than economic theory. It is the engine of social mobility-the highway to the American Dream.
Trump wants to take us back to a time when people like him could abuse others with little to no consequence, when people like him could exploit the labor of others to build vast amounts of wealth, when people like him could create public policy that specifically benefited them while suppressing the rights and social mobility of others.
For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible.
My Third-World roots remind me that the vast majority of our fellow human beings live hungry, sick, and uneducated, and that most social scientists, even in that world, ignore that ugly reality. This is why my papers in mathematical sociology deal not with free choice among 30 flavors of ice-cream, but with social structure, social cohesion, and social marginality.
Lofty talk about 'social justice' or 'fairness' boils down to greatly expanded powers for politicians, since those pretty words have no concrete definition. They are a blank check for creating disparities in power that dwarf disparities in income - and are far more dangerous.
The difference between rich and poor is becoming more extreme, and as income inequality widens the wealth gap in major nations, education, health and social mobility are all threatened.
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