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Poverty is not only about income poverty, it is about the deprivation of economic and social rights, insecurity, discrimination, exclusion and powerlessness. That is why human rights must not be ignored but given even greater prominence in times of economic crisis.
If a man were living in isolation his income would be literally his product. Make him the monarch and owner of an island, and the fruits that he raises and the clothing that he makes constitute, in themselves, his income. This ceases to be true when trading begins.
To people I know in the bottom income brackets, living paycheck to paycheck, the Gig Economy has been old news for years. What's new is the way it's hit the demographic that used to assume that a college degree from an elite school was the passport to job security.
There is greater income inequality in the United States than in any other industrialized country. Yes, the debt is a problem that must be dealt with. To me, however, the disappearing middle class is even worse - bad for our economy and really bad for our democracy.
When the word 'morality' comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world's resources or for investment bankers to earn large bonuses?
If you're working 50 hours a week to try to maintain family income, and your children have the kinds of aspirations that come from being flooded with television from age one, and associations have declined, people end up hopeless, even though they have every option.
Owning a variety of asset classes means that some part of your portfolio will be doing well when the cyclical turmoil arises. A broadly diversified portfolio includes large capitalization stocks, small cap, emerging markets, fixed income, real estate and commodities.
Although labor income is by far the largest component of gross national product, a job is not just a commodity. For many, work is an important reason for living. Even for those who are less fortunate in their allocation of work, being unemployed is a miserable state.
In America, the problems of poverty and low income, particularly for minorities, are disproportionately focused in the inner cities. Shining a spotlight on the businesses growing in these communities is proof that any community has the potential for entrepreneurship.
There are some writers who don't write about people who do jobs. I'm not going to name them, but you watch one of their films, or you read one of their books, and you think, 'What job do they do?' They seem to have a nice house and a nice income. How have they got it?
The truth is, Hillary Clinton's ideas create more income inequality. Why? Because bigger government creates crony capitalism. When you have a 70,000 page tax code, you've got to be very wealthy, very powerful, very well connected to dig your way through that tax code.
Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results.
We will have bigger bureaucracies, bigger labor unions, and bigger state-run corporations. It will be harder to be an entrepreneur because of punitive taxes and regulations. The rewards of success will be expropriated for the sake of attaining greater income equality.
Everything in our lives revolves around our jobs, as much as we hate to say it. Where we live at, where our kids go to school, what we eat, what lifestyle we live, depends on the income we bring in and being able to provide for your family, and that's your employment.
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?
The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.
If we wait until income inequality is much more severe, we will have a whole class of new superrich who will probably feel entitled to their wealth and will have the means to defend their interest. That's already gone far enough. We shouldn't let it become more extreme.
Social Security, for example - I'm 43. I've paid into the system. You know what? That money has been stolen from me. I know that my parents who are on Social Security - they've got to continue to receive it. They're dependent on it. It is their primary source of income.
I would describe myself as having a healthy income, but I sure wouldn't describe the son of a postmaster and an encyclopedia saleswoman as upper class, by any stretch of the imagination. I would describe myself as decidedly middle class. I think I'm extremely fortunate.
My graduation was an amazing moment for my family, my community. In my early childhood, we lived on a subsidized income, with government assistance - at one point when I was growing up, my mother was making $14,000 a year. Now I had made it out of the hood, so to speak.
Teddy Roosevelt supported a progressive income tax. If I am sitting pretty and you've got a waitress who is making minimum wage plus tips, and I can afford it and she can't, what's the big deal for me to say, 'I'm going to pay a little bit more'? That is neighborliness.
When you're on a football scholarship, you get a stipend that's supposed to cover your rent and a few incidentals. It was $360 a month. This was the late 1980s, and the NCAA has an interesting rule where you're not allowed to supplement your income with a part-time job.
The left is being funded primarily by the drug traffickers who provide this tax money and that's why the guerrillas in Colombia, unlike the guerrillas anywhere else in Latin America, have been able to survive for 40 years because they have a hard, solid source of income.
Research by James Poterba at the Massachusetts Institute of Technology finds that the wealth of the U.S.'s elderly is highly skewed. About half of retirees have little or no financial wealth when they retire and depend almost entirely on Social Security for their income.
In order to counteract income inequality, it's essential to tackle poverty in an integrated way that has long-term impact. We need to give people the capacity to be resilient, to take on challenges and to learn the skills they need to work toward more prosperous futures.
If you based your knowledge of the human species exclusively on adverts, you'd think that the normal condition of humanity was to be a good-looking single person between 20 and 35, with excellent muscle-definition and/or an excellent figure, and a large disposable income.
We know that if you educate a girl, as the saying goes, you educate a nation. That girl will get married later, she will have fewer children, she's more likely to earn an income, and that income is more likely to be plowed back into the family so that the family benefits.
I was involved in the 'reformicon' effort in 2013-2014, which was explicitly, 'We can't just Xerox Reagan.' In the spirit of Reagan, actually, we could rethink things - maybe we need to think more about job-training programs, earned income tax credit, adjust the tax code.
If you or me go to the gas station to fill up our car and it costs us much more than we expected, it will zap our discretionary income. We won't have the extra money to buy that washing machine or new winter coat-all big ticket items that are important to economic growth.
Windmills installed around the world converting their direct current into alternating current and feeding the electric energy into the world network can harvest the planet Earth's prime daily energy income source-the wind--and adequately supply all the world's energy needs
True conservation provides for wise use by the general public. The American people do not want our resources preserved for the exclusive use of the wealthy. These land and water resources belong to the people, and people of all income levels should have easy access to them.
Fragility, violence, and conflict are complex. Fragility is influenced by a wide set of factors, many of which are deeply entrenched, such as high social and income inequality. The lines between criminal, inter-communal, and politically motivated violence are often blurred.
The theory of the IRS is rather repugnant to me because the assumption is made that I, the government, owns 100% of your income and I permit you to keep 5%, 10% or 20%. You're vulnerable, you've sold out. The government can take 80% if they want, which they did at one time.
The biggest industrial sector next to real estate is oil, gas and other mineral resources. They don't report any taxable income, because if you depict yourself as earning a profit, you have to pay a tax on it. So, it's all about what accountants choose to declare as profit.
Every time a woman leaves the workforce because she can't find or afford childcare, or she can't work out a flexible arrangement with her boss, or she has no paid maternity leave, her family's income falls down a notch. Simultaneously, national productivity numbers decline.
Now, McDonald's is a very good indicator of the global economy. If McDonald's doesn't increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power.
You know, you should really look at where Mitt has led his life, and where he's been financially. He's a very generous person. We give 10 percent of our income to our church every year. Do you think that is the kind of person that is trying to hide things, or do things? No.
Too many people in the world associate democracy with their ability to go and buy more and more every year. I come from a country where it's much more popular to remind people that democracy is available at every income level, and this is something which you need to protect.
Well, we lost a lot of our independence already. We are dependent on China for credit. We are dependent on Middle Eastern countries for energy supplies. And many Americans are dependent on the government for their income, health care, education of their children, food stamps.
Marx and Engels openly declared that the progressive income tax and the death tax are 'economically untenable' and that they advocated them only because 'they necessitate further inroads' upon the capitalist system and are 'unavoidable' as a means of bringing about socialism.
Once you're retired and are no longer counting on earned income to live on and supplement your nest egg, you're done with disability insurance. At that point, though, the need for long-term care insurance - which protects you from spending that nest egg too fast - takes over.
Giving women education, work, the ability to control their own income, inherit and own property, benefits the society. If a woman is empowered, her children and her family will be better off. If families prosper, the village prospers, and eventually so does the whole country.
If you look at the language of illness, you can use it to describe race - you could experience race as an illness. You can experience income level, at many different levels, as a form of illness. You can experience age as an illness. I mean, it's all got an illness component.
While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out a reverse mortgage, you will still be responsible for paying the property tax, the insurance premium, and all the maintenance costs for your home.
We haven't shed our engineering pragmatism, so we accomplish things in the simplest manner possible. It helps with budget, obviously. We're not getting rich off web video, and we're supporting two families with our income, so we need to keep as much of the budget to ourselves.
The confidence is really driven by the woman - whether she can have the confidence that there will be enough earning or income to finance all the domestic spending - but also by the middle-income class, which for many Asian countries has become the growth power for the economy.
In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.
Anyone who has followed the U.S. economy in recent years can tell you while corporate America and their wealthy executives have recovered from the last recession, middle-class families have not. About 95 percent of income gains between 2009 and 2012 went to the top one percent.
President Obama's version of America is a divided one - pitting us against each other based on our income level, gender, and social status. His policies have failed! We are not better off than we were 4 years ago, and no rhetoric, bumper sticker, or campaign ad can change that.
I'm 21 years old, and it's kind of uncomfortable for me to talk about, but I'm in the 1 percent as far as my income and tax bracket. But now that I'm here, there's no amount of money you can wave in front of my face that will make me understand depriving people of human rights.