A Quote by Thomas Piketty
Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.
Related Quotes
Low class men desire wealth;middle class men both wealth and respect; but the noble, honour only; hence honour is the noble man's true wealth.
Japan is already a leader in energy efficiency, and it has a wealth of innovative technologies. We must put this expertise to use creating a model for growth and sustainability that we can share with the world.
A better distribution of incomes would increase that efficiency by diverting a great fund of wealth from the useless to the useful members of society. To cut off the income of the useless will not impair their efficiency. They have none to impair. It will, in fact, compel them to acquire a useful function.
What we have to do is make sure that here in America, if you work hard, you can get ahead. If you worked hard, not only did you have a good job, but you also had decent benefits, decent health care. We've got to make sure that we're doing everything we can to expand the middle class and people who are working hard can get into the middle class.
A thriving middle class is the source of growth in a technological, capitalist economy. Investing in the middle class is the most pro-business thing you can do.
It`s not just Republicans. It`s Republicans and Democrats. It`s middle class, lower middle class, working class Americans who have felt the angst, who are frustrated, who are angry as a result of 1% growth which, in my view, has been really the issue that has propelled Donald Trump from day one.
The only time being in the middle class hurts you is if you're in the middle class with players who are on bad contracts. If you're in the middle class and all your players are on good contracts then I don't think that's a problem.
To advocate both for more immigration and for faster wage growth for the working and middle class is to work at cross-purposes.
The most general law in nature is equity-the principle of balance and symmetry which guides the growth of forms along the lines of the greatest structural efficiency.
For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.
Americans are falling out of the middle class, not into it. And they deserve relief. I absolute support extending the Bush tax cuts for those who work the hardest and invest the most in our economy - the real drivers of American growth, the middle class.
It's hard to improve our schools. It's hard to redistribute wealth created by the concentration of technological and financial power or to increase middle-class wages. But it might be easier to lower middle-class costs by building more housing.
My premise is not to tax to destroy the wealth of the wealthy; it's to increase the wealth of the bottom and the middle class.
The bad news in our most cosmopolitan and vibrant cities is that many middle-class people can no longer afford to live in 'middle-class' school districts.
A stronger middle class is not the consequence of economic growth. A stronger middle class is the cause of economic growth.
E governance can bring minimum government and maximum governance. It is easy, effective and economic governance. It brings empowerment, equity and efficiency of the economy. It is a very useful field that can be the greatest problem solver of the people.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist