A Quote by Tom Lantos

40 percent of North Korean children suffer from stunted growth. 20 percent are underweight. — © Tom Lantos
40 percent of North Korean children suffer from stunted growth. 20 percent are underweight.
Education spurs growth and unlocks potential. After all, a single year of primary education creates a 10 to 20 percent increase in a woman's wages later in life. Education lowers the risk of disease and decreases the likelihood that a child will fall into violence and crime. And a child born to a literate mother is 50 percent more likely to survive past age five. No country has achieved sustained growth without at least 40 percent literacy for its adults.
Economists often talk about the 80/20 Principle, which is the idea that in any situation roughly 80 percent of the “work” will be done by 20 percent of the participants. In most societies, 20 percent of criminals commit 80 percent of crimes. Twenty percent of motorists cause 80 percent of all accidents. Twenty percent of beer drinkers drink 80 percent of all beer. When it comes to epidemics, though, this disproportionality becomes even more extreme: a tiny percentage of people do the majority of the work.
Ninety-nine percent of everyday things are things we don't need - that goes for regular visits to the hairdresser just as it does for clothing. What would it mean if we all consumed 20 percent less? It would be catastrophic. It would mean 20 percent less jobs, 20 percent less taxes, 20 percent less money for schools, doctors, roads. The global economy would collapse.
We're shooting 100 percent - 60 percent from the field and 40 percent from the free-throw line.
If we had 3 percent growth, which is what we're trying to get to, what we're at, by the way, right now, we're trying to maintain that 3 percent growth. If we had been at 3 percent growth over the last ten years, the budget very nearly would be balanced in 2017. That's how big a difference it makes when you grow the American economy that additional 1 percent over ten years.
This is ten percent luck, Twenty percent skill, Fifteen percent power of will, Five percent pleasure, Fifty percent pain, and a hundred percent reason to remember the name
Government is taking 40 percent of the GDP. And that's at the state, local and federal level. President Obama has taken government spending at the federal level from 20 percent to 25 percent. Look, at some point, you cease being a free economy, and you become a government economy. And we've got to stop that.
You have a country that is 20 percent liberal, 40 percent conservative. You have a country where maybe 22 percent have faith in government. If you're a liberal, it's just going to be tough. And you should just expect that. And it's tough for people on the right, too, because they don't get what they want either if you're, say, a libertarian. So, you have got the country sort of against you. And, nevertheless, you have a president.
I try to use a balance of the 80/20 percent, where 80 percent of the time I'm eating very well, and 20 percent of the time, I'm a little more adventurous.
In 2013, 71 percent of black children in America were born to an unwed mother, as were 53 percent of Hispanic children and 36 percent of white children. Indeed, a single parent is the new norm.
This is what oligarchy looks like: Today, the top one-tenth of 1 percent owns almost as much wealth as the bottom 90 percent. The top one-hundredth of 1 percent makes more than 40 percent of all campaign contributions. The billionaire class owns the political system and reaps the benefits from it.
My biggest worry is that Obama says he's going to tax the upper 5 percent by raising their taxes by 20 percent. But among that 5 percent are the corporations that are hiring middle-class Americans.
I don't know too many parents that want to feed their kids soda, but high-fructose corn syrup is cheap. The price of soda in 20 years has gone down 40 percent while the price of whole foods, fruits and vegetables, has gone up 40 percent and obesity goes up right along that curve.
If I had to give odds, I would say 30 percent of whatever good fortune I've had in this business has been luck, and 50 percent has been casting - so that's 80 percent right there. And 20 percent is just working really hard and taking risks.
I dont know too many parents that want to feed their kids soda, but high-fructose corn syrup is cheap. The price of soda in 20 years has gone down 40 percent while the price of whole foods, fruits and vegetables, has gone up 40 percent and obesity goes up right along that curve.
For the three decades after WWII, incomes grew at about 3 percent a year for people up and down the income ladder, but since then most income growth has occurred among the top quintile. And among that group, most of the income growth has occurred among the top 5 percent. The pattern repeats itself all the way up. Most of the growth among the top 5 percent has been among the top 1 percent, and most of the growth among that group has been among the top one-tenth of one percent.
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