Those on the downside of rising economic inequality generally do not want government policies that look like handouts. They typically do not want the government to make the tax system more progressive, to impose punishing taxes on the rich, in order to give the money to them. Redistribution feels demeaning. It feels like being labeled a failure. Robert J. Shiller
Some Similar Quotes
  1. You are not rich until you have a rich heart. - Roy T. Bennett

  2. Life… For some it is battle for others its dance... For rich it is party for poor it is chance! - Nino Varsimashvili

  3. The biggest challenge after success is shutting up about it. - Criss Jami

  4. I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline powered turtleneck sweater. And, of course, I bought some dumb stuff, too. - Steve Martin

  5. Am I right in suggesting that ordinary life is a mean between these extremes, that the noble man devotes his material wealth to lofty ends, the advancement of science, or art, or some such true ideal; and that the base man does the opposite by... - Aleister Crowley

More Quotes By Robert J. Shiller
  1. I think that a lot of people in all walks of life have the impression, of course, that, 'I specialize in something. I can't - I don't have the time to read other things. I'll just go to pure entertainment when I'm relaxing, and then...

  2. Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode - the aftereffects of which still linger - has led many to question whether the economics...

  3. Those on the downside of rising economic inequality generally do not want government policies that look like handouts. They typically do not want the government to make the tax system more progressive, to impose punishing taxes on the rich, in order to give the money...

  4. This is an anxiety driven world - the whole world is driven by anxiety. It is anxiety about the aftermath of the global financial crisis it's anxiety about inequality and about computers replacing jobs.

  5. The problem is that once we focus on economic policy, much that is not science comes into play. Politics becomes involved, and political posturing is amply rewarded by public attention.

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