Incomes Quotes

“To appreciate how income taxation reduces prosperity form what it could be, imagine a 100 percent tax on incomes. We wouldn't expect much prosperity in such a society. People would have no incentive to earn money. They would devote resources to hiding the little they did earn. No investments would be made. No savings would exist to increase living standards. People's activities would be grossly influenced by the tax. If we lower the rate from 100 percent, the principle does not change. . . If you want less of something, tax it.”

“To appreciate how income taxation reduces prosperity form what it could be, imagine a 100 percent tax on incomes. We wouldn't expect much prosperity in such a society. People would have no incentive to earn money. They would devote resources to hiding the little they did earn. No investments would be made. No savings would exist to increase living standards. People's activities would be grossly influenced by the tax. If we lower the rate from 100 percent, the principle does not change. . . If you want less of something, tax it.”

“Any feeling of security is only in your head. Anything could happen at any time. As long as you are strictly someone’s employee at one company, you’re a liability on the balance sheet. I say that as a business owner. We cannot trust any government to provide us with what we need, nor is that its responsibility. We cannot trust most employers either. Insulate yourself with multiple incomes either from different companies or by working for yourself in addition to one main source of income. Diversify and protect yourself." - Chris Lutz, Modular Career Design”

“The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the counterfeiters. And on and on the new money ripples out through the system, going from one pocket or till to another. As it does so, there is an immediate redistribution effect. For first the counterfeiters, then the retailers, etc. have new money and monetary income they use to bid up goods and services, increasing their demand and raising the prices of the goods that they purchase. But as prices of goods begin to rise in response to the higher quantity of money, those who haven't yet received the new money find the prices of the goods they buy have gone up, while their own selling prices or incomes have not risen. In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.”

“Wealth comes from multiple incomes. Always think of growth and new businesses to create new income streams.”

“Poverty is less a matter of income than of prospects. While the incomes of the poor have steadily risen through Great Society largesse their prospects have plummeted as families have broken into dependent fragments.”

“We cannot let the future of our children be decided by their zip codes and family incomes.”

“In 2013, 1 percent of poor renters lived in rent-controlled units; 15 percent lived in public housing; and 17 percent received a government subsidy, mainly in the form of a rent-reducing voucher. The remaining 67 percent—2 of every 3 poor renting families—received no federal assistance. 32 This drastic shortfall in government support, coupled with rising rent and utility costs alongside stagnant incomes, is the reason why most poor renting families today spend most of their income on housing.”

“The best defence against mafia business is full declaration of assets and incomes.”

“I'd rather be a 'THINKER' - Two Healthy Incomes No Kids Early Retirement!”

“There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.”