Stiglitz Inequality Quotes & Sayings

University of California professor Emmanuel Saez, Thomas Piketty of the Paris School of Economics, and Stefanie Stantcheva of the MIT Department of Economics, carefully taking into account the incentive effects of higher taxation and the societal benefits of reducing inequality, have estimated that the tax rate at the top should be around 70 percent - what it was before President Reagan started his campaign for the rich.68 But — Joseph E. Stiglitz

Because if you don't have at least one person believing in you, then there's not much reason to give a shit about anything. — Lisa McMann

Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable. — Joseph E. Stiglitz

Go back to bed, Cowan. I want no promises from you. — Sandi Layne

It's not that we don't want to be all over the radio. I'd love to have a hit single. However, I also want to be in the business a long time and longevity is something that we all wanted. In order to have that, you have to be true to what you do and to each other. — Margo Timmins

Countries around the world provide frightening examples of what happens to societies when they reach the level of inequality toward which we are moving. It is not a pretty picture: countries where the rich live in gated communities, waited upon by hordes of low-income workers; unstable political systems where populists promise the masses a better life, only to disappoint. Perhaps most importantly, there is an absence of hope. In these countries, the poor know that their prospects of emerging from poverty, let along making it to the top, are minuscule. This is not something we should be striving for. — Joseph E. Stiglitz

Greatness is the dream of youth realized in old age. — Alfred De Vigny

You shoot, you always shoot to kill. It's not the movies. You're in a crisis situation, you got about a half second to do what needs to be done. Your — Robert B. Parker

I want John Legend to sing at my wedding. — Sloane Stephens

For most people, wages are the most important source of income. Macroeconomic and monetary policies that result in higher unemployment - and lower wages for ordinary citizens - are a major source of inequality in our society today. Over the past quarter century macroeconomic and monetary policies and institutions have failed to produce stability; they failed to produce sustainable growth; and, most importantly, they failed to produce growth that benefited most citizens in our society. In — Joseph E. Stiglitz

(a) Recent U.S. income growth primarily occurs at the top 1 percent of the income distribution. (b) As a result there is growing inequality. (c) And those at the bottom and in the middle are actually worse-off today than they were at the beginning of the century. (d) Inequalities in wealth are even greater than inequalities in income. (e) Inequalities are apparent not just in income but in a variety of other variables that reflect standards of living, such as insecurity and health. (f) Life is particularly harsh at the bottom - and the recession made it much worse. (g) There has been a hollowing out of the middle class. (h) There is little income mobility - the notion of America as a land of opportunity is a myth. (i) And America has more inequality than any other advanced industrialized country, it does less to correct these inequities, and inequality is growing more than in many other countries. — Joseph E. Stiglitz

In some circumstances, a focus on extrinsic rewards (money) can actually diminish effort. Most (or at least many) teachers enter their profession not because of the money but because of their love for children and their dedication to teaching. The best teachers could have earned far higher incomes if they had gone to banking. It is almost insulting to assume that they are not doing what they can to help their students learn, and that by paying them an extra $500 or $1,500, they would exert greater effort. Indeed, incentive pay can be corrosive: it reminds teachers of how bad their pay is, and those who are led thereby to focus on money may be induced to find a better paying job, leaving behind only those for whom teaching is the only alternative. (Of course, if teachers perceive themselves to be badly paid, that will undermine morale, and that will have adverse incentive effects) — Joseph E. Stiglitz

American inequality didn't just happen. It was created. — Joseph Stiglitz

The only true and sustainable prosperity is shared prosperity. — Joseph E. Stiglitz

The protesters have called into question whether there is a real democracy. Real democracy is more than the right to vote once every two or four years. The choices have to be meaningful. But increasingly, and especially in the US, it seems that the political system is more akin to "one dollar one vote" than to "one person one vote". Rather than correcting the market failures, the political system was reinforcing them. — Joseph E. Stiglitz

The United States was the most unequal of the advanced industrial countries in the mid-1980s, and it has maintained that position.92 In fact, the gap between it and many other countries has increased: from the mid-1980s France, Hungary, and Belgium have seen no significant increase in inequality, while Turkey and Greece have actually seen a decrease in inequality. We are now approaching the level of inequality that marks dysfunctional societies - it is a club that we would distinctly not want to join, including Iran, Jamaica, Uganda, and the Philippines.93 Because we have so much inequality, and — Joseph E. Stiglitz

For five years Isaac had been working eighteen hours a day. — John Hudson Tiner

When women devote themselves to their husbands, children, and building their house, the whole church is strengthened. This is actually their 'ministry' to the church: being obedient wives who are raising godly children. Obviously, when a church is full of healthy families, the church will be healthy and stable. — Nancy Wilson

I always write the same way. I always write with a yellow pad and a ballpoint pen on my bed. And then I go and type it up afterwards. I've always done that. Those things become habitual. — Woody Allen

For the real movements of a life are gradual, then sudden; they resist becoming anecdotes, they pulse like quasars from long-dead stars to reach the vivid planet of the present, they drift like fog over the ship until the spread sails are merely panels of gray in grayer air and surround becomes object, as in those perceptual tests where figure and ground reverse, the kissing couple in profile turn into the outlines of the mortuary urn that holds their own ashes. Time wears down resolve
then suddenly violence, something irrevocable flashes out of nowhere, there are thrashing fins and roiled, blood-streaked water, death floats up on its side, eyes bulging. — Edmund White

I trace the inequality to a particular set of decisions that we took when we lowered the tax rate from 91% down to very low levels at the top, where we stripped away regulations. So the result of that was not a more dynamic economy, but a more unequal society. We tried the experiment of trickle-down. A third of a century later, we can say fairly definitively that it was a failure. — Joseph Stiglitz

My favorite music isn't necessarily the songs that One Direction come out with. That doesn't mean to say I don't secretly really love some of our songs, which I do. My personal tastes ... I actually like quite a bit acoustic and more mellow kinds of things. — Louis Tomlinson