Margrethe Vestager Quotes
Very often, I think about the people that I represent. I meet people who have thousands and thousands of employees and millions and millions of customers - and also make a lot of money. But I think about the millions of Europeans that I represent in order to try to balance that so we can meet on more equal terms.
Vestager, Margrethe. "The New Age of Corporate Monopolies." TED, TED Conferences, Sep. 2017.
Worry about the disproportional power of the rich is not a modern concern, but was a concern from the very beginning of the nation. There was a belief that if there were a legislative body representing the entire population the rich would tend to dominate it. The solution that England had found was a bicameral Parliament—a House of Lords representing the wealthy and the powerful and the House of Commons, representing the bulk of the people. America followed suit but never did have the class distinction of England.
The representative was opposing currency and monetary reform that would have given Wall Street too much power. His son, the famous aviator, was a Fascist who was a great admirer and supporter of Hitler and Mussolini. The father however was generally liberal as this quotation and {609656} illustrate.
This statement was made before there was a Civil Rights Act or a Voting Rights Act and racial discrimination was rampant in America.
The debate over income inequality generally ranges between the two extremes of Christie’s hypothetical equal, mediocre salary to the extreme wealth of the 1% controlling most of the wealth. However , where America was moving in its most general affluent times was not towards equal compensation, but to a large range of remuneration with the low end and middle constantly increasing over time and the high end a reasonable multiple of the low end. However, the breakdown came in the last decades of the 20th century and the early 21st century when the low end did not increase (discounting for inflation) in 40 years, nor did the middle, while the high end increased enormously. So the nation had 40 years of growth without the lower or middle classes benefitting much and all the benefit going to the wealthy and most of that to the very wealthy. Thus the instinct was to tax the wealthy more heavily and spending the money to increase opportunity for the lower and middle classes. However, the political battle was waged over the taxing issue and not on what could be done to have the poor and the middle class obtain a larger proportion of the growth and a smaller percentage of the setbacks.
Margrethe Vestager is a Danish politician and European Commissioner in the Von der Leyen Commission, currently serving as Executive Vice President of the European Commission for A Europe Fit for the Digital Age since December 2019 and European Commissioner for Competition since 2014. Vestager is a member of the Danish Social Liberal Party, and of the Alliance of Liberals and Democrats for Europe Party (ALDE) on the European level.
