A Quote by Warren Buffett
I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people.
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The richer people, when they get another $100,000, or another million, or 10 million, don't tend to spend it as much as the poorer people would if they got another $100 or $1,000 or $5,000. All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.
You need governance, but you also need a middle class, you need agriculture, they need to be able to export. I think that's probably the biggest issue, the job creation that could come with the kinds of things that Haiti has all the potential in the world to export.
We need more housing in San Francisco, plain and simple, and we especially need more affordable housing for our low-income households, seniors, teachers, formerly homeless people, veterans, and middle-income residents.
Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.
If we're going to have tax cuts, let's focus on those in lower and middle income groups. Make sure that they get the breaks they need to continue to try to provide for their families.
I think it's terrible for people in effect to say that income from investment should be taxed at a much lower rate than income from labor.
I just don't think pastors should turn their pulpits into public policy platforms. It cheapens the gospel. Our congregation doesn't need another political opinion. They need spiritual revelation. They don't need to think about politics on the weekend. They need to be reminded to seek first the kingdom of God.
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.
We have a nation where the elite thinks it's OK to advocate a war and send the lower-income people to do the fighting. It's natural for such a people to think that the lower-income people should also have a worse health care experience. And the other countries are not there - I always say, not there yet. I tell the Germans and the Swiss, "You're not there yet, but if you're not very, very careful, if we Americans come over there and rearrange ... your health care system, you will be just like us."
For me, the real thing is make, serve and list in India. Which means we need manufacturing, we need services, and we need financial markets.
We will lower the tax burden on middle class Americans by asking the very wealthy to pay their fair share. Middle class taxpayers will have a choice between a children's tax credit or a significant reduction in their income tax rate.
We need wilderness whether or not we ever set foot in it. We need a refuge even though we may never need to go there. We need the possibility of escape as surely as we need hope.
We need to remember that we can't compete endlessly with other nations that set their income taxes substantially lower than ours. They will attract jobs, and investment. They may generate more tax - and they may even persuade their tennis champs to run that extra half yard
I think black men especially should go to therapy and seek out mental help, because we need it. Even if you don't think you need it, we need it.
What middle-income Americans want most of all is a job. We need a generous safety net for the most vulnerable in our society, but for most people the biggest social accomplishment that we can help them achieve is a good-paying job.
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