My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.

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Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.

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The only distribution of wealth which is the product of labor, which will be honest, will come through a more equal distribution of the productive capacity of men.

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The income tax is a twentieth-century socialist experiment that has failed. Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed.

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KYUSA: Change, Growth

timeless

change
growth

growth
change

no change,
no growth

no growth,
no change

feed to change
feed to growth

not sword
but the Word

rooted
in the Creator
rooted
for change
for growth

poem by Mugano S. PaulReport problemRelated quotes
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Free Yourself and Let It Go

Deflated ego?

You think I say the things I do to you,
To deflate your ego?
I am hoping my assistance,
Helps you get rid of it.
And seeing no benefit in being limited.
And that's what your ego has done!
Made you believe you are number one.
And everything you do is correct.
Without a self examination...
Needed to allow you to live your best yet.

Deflated ego?

I may say some things to you that upsets.
I may even criticize something you do,
You accept as your best.
I might even attempt to strip,
That façade you charade.
Since it's your ego that has you 'tripped'...
When you see it for what it is,
You will realize your greatness has nothing to do with it.
In fact it is keeping you,
Inflated with bs and other nonsense.

Deflate your ego?
You think I do that,
From a threat I feel.
To diminish you in some way...
So I would have a greater appeal?
And deflating your ego would give me thrills?

You need to free yourself and let it go.
If you believe that keeping it,
Inspires a greater you with heights to reach!

Free yourself and let it go.
That ego you've got stunts your growth!

Free yourself and let it go.
That ego you've got stunts your growth!

Free yourself and let it go.
That ego you've got stunts your growth!
Stunts your growth!
Stunts your growth!

That ego you've got stunts your growth!
Stunts your growth!
Stunts your growth!

That ego you've got stunts your growth!
Stunts your growth!
Stunts your growth!

That ego you've got stunts your growth!
Stunts your growth!
Stunts your growth!

poem by Lawrence S. PertillarReport problemRelated quotes
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I had accumulated some capital and was at an age at which I was interested in generating income. But even though I was risk averse, I was interested in growth stocks.

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The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.

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Growth is living

A fall too is growth.
Any change is growth.
Water to vapour is growth.
Water to ice is growth.

poem by Rm. Shanmugam ChettiarReport problemRelated quotes
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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.

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The writer catches the changes of his mind on the hop. Growth is exciting; growth is dynamic and alarming. Growth of the soul, growth of the mind.

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We're going to look awfully stupid if we give income tax relief to people who do not pay income taxes.

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H.L. Mencken

Wealth - any income that is at least one hundred dollars more a year than the income of one's wife's sister's husband.

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I'd cap the total amount of income taxes paid by Americans to no more than 25 percent and tax all income only once.

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Thomas Dewar

The only thing that hurts more than paying an income tax is not having to pay an income tax.

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Plato

When there is an income tax, the just man will pay more and the unjust less on the same amount of income.

Plato in The RepublicReport problemRelated quotes
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Will Rogers

The income tax has made more liars out of the American people than golf has.

Will Rogers in Illiterate Digest ,1924 (Helping the Girls with their Income Taxes)Report problemRelated quotes
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Breakthrough

I wish I was speaking to influence,
The undoing of perceptions.
And commanded distribution,
Of everything new, accepted and believed.

I wish we all had invested,
Our priorities in uplifting all humanity.
To realize the true wealth we have...
Is not in the value placed on 'things'.
But who we are as human beings.

I wish I was speaking to influence,
The undoing of perceptions.
And commanded distribution,
Of everything new, accepted and believed.

I wish one day we all should awaken...
To witness pieces released from us,
That kept us in limitation debating a fate.
And with eyes opened,
There was a feeling of escape.
A breakthrough we knew we could not forsake.

I wish I was speaking to influence,
The undoing of perceptions.
And commanded distribution,
Of everything new, accepted and believed.
But then again...
I do remember,
How long it took for the deceit I sought...
To leave me...to see what it is to be clearly seen.

poem by Lawrence S. PertillarReport problemRelated quotes
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We need growth

We need growth
We need equitable growth
We need inclusive growth.
We have made inroad
Reducing poverty.

poem by Gajanan MishraReport problemRelated quotes
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As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.

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Fixed Income

'You are a spendthrift and should budget.
Economize your lifestyle.
And not seek reasons to fuss.
Limit your wants and provide first your needs.
Decrease your appetite,
And this activity will eventually please! '

You don't have a fixed income.
Or live alone.
Do you?

'What does that have to do with me?
All of us in my household,
Eat less meat and dine out infrequently.
And we are able to save an exorbitant amount of money.
Proving we can reduce 'our' excessiveness.
And this I am sure you have not tried.'

You don't have a fixed income.
Or live alone.
Do you?

'There you go!
Trying to compare anchovies with caviar.
And there is quite a difference.'

You don't have a fixed income.
Or live alone.
Do you?

'No I do not!
But if I did,
I certainly would be able to do it better than you.
With far fewer complaints.'

poem by Lawrence S. PertillarReport problemRelated quotes
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