income allocation Quotes

Socialism is about claims of justice, and it is also about money: about wealth, income, physical and financial capital. It is an ideology based on allocating economic resources. It may try to achieve that goal by nationalizing assets, by command-and-control regulation, or by taxation and redistribution.

I have long been a critic of Social Security, basically because I believe that it is not the business of government to tell people what fraction of their incomes they should devote to providing for their own or someone else's old age.

When women are paid for their work and have control over how the money gets spent, they invest much more of their income than men do in their families' education and health.

Investing is important, but get debt-free first. That's what frees up your income so you can win.

Government is saying to the average citizen every January 1: 'For the next five months you'll be working for us, for goals we shall determine. Is that clear? After May 5 you may look after your own needs and ambitions, but report back to us next January. Now move along.' ... If nearly half of what you make is spent by someone else, that means that half your work time is spent working for someone else. Call me a radical, but I think that comes dangerously close to being a form of indentured servitude.

When women earn the money for the family, everyone in the family benefits. We also know that when women have an income, everyone wins because women dedicate 90% of the income to health, education, to food security, to the children, to the family, or to the community, so when women have an income, everybody wins.

If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available and thereby makes it possible to embark upon projects which could not be executed before.

Is it just a coincidence that as the portion of our income spent on food has declined, spending on health care has soared? In 1960 Americans spent 17.5 percent of their income on food and 5.2 percent of national income on health care. Since then, those numbers have flipped: Spending on food has fallen to 9.9 percent, while spending on heath care has climbed to 16 percent of national income. I have to think that by spending a little more on healthier food we could reduce the amount we have to spend on heath care.

Our virtues live upon our incomes; our vices consume our capital.

Invest three percent of your income in yourself (self-development) in order to guarantee your future.

According to the Tax Foundation, taxes now consume more than 38% of the average family's budget. That is more than is spent on food, clothing, housing, and transportation combined. Compare this to the plight of medieval serfs. They only had to give the lord of the manor one-third of their output - and they were considered slaves. So what does that make us?

Each month from our income - we have a separate account, obviously - we give 80 percent of it to our parents back home.

The household became the place where the consumption of wages takes place.

I deem it the duty of every man to devote a certain portion of his income for charitable purposes; and that it is his further duty to see it so applied and to do the most good for which it is capable.

If you add up all the federal and you look at the disability and the unemployment and the Social Security and the state, my tax rate's 62, 63 percent. So I've got to make some decisions on what I'm going to do.

Most poor families are living completely unassisted in a private rental market, devoting most of their income to housing. When you meet people who are spending 70, 80 percent of their income on rent, eviction becomes much more of an inevitability than the result of personal irresponsibility.

When a destitute mother starts earning an income, her dreams of success invariably center around her children. A woman's second priority is the household. She wants to buy utensils, build a stronger roof, or find a bed for herself and her family. A man has an entirely different set of priorities. When a destitute father earns extra income, he focuses more attention on himself. Thus money entering a household through a woman brings more benefits to the family as a whole.

Everything we earn we need as a reserve.

What happens is, in my own case - my own LLCs - the income flows to my personal tax return, whatever is left over after taxes are paid, I feed my family on the one hand, and on the other hand, I reinvest in my business.

If I get an iTunes check, I take the money out and say, 'OK, with this money I'mma go shoot me this many videos, with this money I'm going to do this amount of studio sessions.'

Americans have been giving up wage increases to pay for health-care cost increases.

The money I earn from a live show is divided into two parts. One section goes towards producing my music videos, and the other goes into my savings.

For us as players, revenue sharing, getting a larger percentage of the pie, is important, but also the overall growth of that pie is important.

We spend a remarkably small, shamefully small, percentage of our income on food. We manage to spend money on lots of other things. All up and down the social ladder you find people with plenty of money for cell phones, home entertainment systems, all other forms of entertainment.

Not everyone can afford to eat well in America, which is a literal shame, but most of us can: Americans spend less than 10 percent of their income on food, less than the citizens of any other nation.