Ted Cruz Quotes

Wealth inequality has increased.

The net worth of the 358 richest people in the world was then found to be 'equal to the combined income of the poorest 45 per cent of the worlds population - 2.3 billion people.

Contrast 1968, when the CEO of General Motors took home, in pay and benefits, about sixty-six times the amount paid to a typical GM worker. Today the CEO of Wal-Mart earns nine hundred times the wages of his average employee. Indeed, the wealth of the Wal-Mart founder's family in 2005 was estimated at about the same ($90 billion) as that of the bottom 40% of the US population: 120 million people.

The inequality of income and fortunes is essential in capitalism.

At the turn of the twenty-first century, the richest 5 percent of people receive one-third of total global income, as much as the poorest 80 percent.

It is staggering that in the 21st century, half of the world's population - that's three and a half billion people - own no more than a tiny elite whose numbers could all fit comfortably on a double-decker bus.

The bottom quarter of the human population has only three-quarters of one percent of global household income, about one thirty-second of the average income in the world, whereas the people in the top five percent have nine times the average income. So the ratio between the averages in the top five percent and the bottom quarter is somewhere around 300 to one - a huge inequality that also gives you a sense of how easily poverty could be avoided.

Gates's net wealth is greater than the combined net worth of the poorest 40% of Americans (112,000,000 people).

We live in a country where a small number of people have incredible wealth and power. America has more income and wealth inequality than any other major country.

By some estimates, income and wealth inequality are near their highest levels in the past hundred years, much higher than the average during that time span and probably higher than for much of American history before then.

Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.

Conservatives believe the economy functions better if the rich have more money and everyone else has less. But they're wrong. It's just the opposite.

You can tax the rich all you want. The problem is there aren't enough of the rich.

Bush already gave obscene tax breaks to people like me and Warren Buffet, and we are saying it's not fair.

There is a legitimate concern about wealth distribution in the United States, but the answer is not to scapegoat any individual who makes over $200,000 per year and to try to sell the fraud that the government can equitably take the money of those who have earned it and give it to those who haven't.

It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.

The rich are few everywhere, the poor many.

Welfare for the wealthy simply can no longer be afforded.

In a morally adjusted economy ... the rich should not get richer if the poor get poorer.

There’s just too much money in the hands of too few.

This country is very good at creating wealth, but not very good at distributing it.

Too much of the GDP over the last generation has gone to too few of the people.

There's more poor people in this country than there are rich, and I stick up for the poor people.

Globalization in the aggregate generates wealth, no question. But it gets concentrated.

I think inequality has gone past the point where it's helping us all get rich, and it's really becoming a serious threat.