Winnie Byanyima Quotes
Wealth does not trickle down to the poor. Oxfam knows this, the IMF knows this, the World Bank knows this. Poor people have always known this.
Byanyima, Winnie. "An Economy for the 99%." Oxfam International, 16 Jan. 2017.
One dramatic example of this principle is that India at the end of the 20th century had more billionaires than the United States did.
See {34743} or {33971} for a more colorful and eloquent statement of the same notion.
This was written in 1933 one of the worst years of the Great Depression. Actualy many upper middle calss and rich people were ruined themselves by the Great Depression, but at the same time the ultra rich were living in a "gildd age" and reveled ostentatiously.
Martin was explaining the position of Pope John Paul II.
The argument here is that since the poor working class wages are so low, that they cannot save for an emergency, therefore the society must provide for welfare for those who might otherwise starve.
He later claimed that he misspoke. He was particularly damaged by this statement as he was personally very wealthy, was supported by most large corporations, and had been accused of only worrying about the rich and business.
Winifred Byanyima, is a Ugandan aeronautical engineer, politician, and diplomat. She is the executive director of UNAIDS, effective November 2019.