Incentives Quotes - Page 13

• In a Bloomberg poll, 88% of respondents said that Wall Street bonuses should either be banned outright or taxed at 50%. Just 7% said they should remain an incentive. To put that 7% figure in perspective, 6% of Americans believe the moon landings were a hoax; 7% believe Elvis lives; 24% believe that Barack Obama is a secret Muslim; 41% believe in ESP; and 48% believe in creationism. Americans will believe anything, it seems-except the idea that incentivizing bankers at systemically important institutions to take big risks makes any sense at all.

  Felix Salmon

  Wall, Believe, Moon

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• Complex regulation in place of simple-rules capitalism disrupts market processes and corrupts business incentives.

  Robert L. Bradley, Jr.

  Simple, Regulation, Process

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• As coercive monopolies that spend other people's money taken by force, governments are uniquely unqualified to solve problems. They are riddled by ignorance, perverse incentives, incompetence and are self-serving.

  John Stossel

  Taken, Ignorance, Government

  "Don't Look to Government to Cool Down the Planet". abcnews.go.com. November 14, 2007.

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• Most of Marx's predictions have failed to materialize, and his labor theory of value and other ideas have been proven wrong. Marx failed to recognize the incentive system built into the capitalist model - consumer choice and the profit motive of the entrepreneur. The irony is that capitalism, not socialism or Marxism, that has liberated the worker from the chains of poverty, monopoly, war, and oppression, and has better achieved Marx's vision of a millennium of hope, peace, abundance, leisure, and aesthetic expression for the 'full' human being.

  Mark Skousen

  War, Expression, Ideas

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• The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.

  Ludwig von Mises

  School, Citizens, Saving

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• Government relief tends constantly to get out of hand. And even when it is kept within reasonable bounds it tends to reduce the incentives to work and to save both of those who receive it and of those who are forced to pay it. It may be said, in fact, that practically every measure that governments take with the ostensible object of 'helping the poor' has the long-run effect of doing the opposite.

  Henry Hazlitt

  Running, Government, Hands

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• The left's inability to understand the most basic economic fact - that people need an incentive to produce - has caused the unnecessary deaths of tens of millions of people - mostly poor - in the last 75 years. But thanks to a politically corrupted media and educational system, their pigheaded pursuit of socialist fantasies goes on.

  David Horowitz

  Educational, Media, Years

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• What private property does is connect effort to reward, creating an incentive for people to produce for more. Then, if there's a free market, people will trade their surpluses to others for the things they lack. Mutual exchange for mutual benefit makes the community richer.

  John Stossel

  Mutual Benefit, Creating, People

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• What is clear is that business leaders must commit to champion change - to be transparent about their goals for change, to align their incentives systems to drive the change, and to make sure their work environments are flexible in a way that allows men and women who choose to work to be able to achieve all of their potential.

  Beth Brooke

  Men, Goal, Leader

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• Socialism destroys the incentive to produce, dampens the human spsirit and results, ultimately , in less for everyone.

  David Limbaugh

  Socialism, Results, Produce

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• The vital consideration of incentives is almost systematically overlooked in the proposals of agitators for more and bigger government welfare schemes. We should all be concerned about the plight of the poor and unfortunate. But the hard two-part question that any plan for relieving poverty must answer is: How can we mitigate the penalties of failure and misfortune without undermining the incentives to effort and success.

  Henry Hazlitt

  Government Welfare, Two, Effort

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.211, Ludwig von Mises Institute

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• People who earn reasonable amounts are being turned into the anti-Christ. I think 45 per cent tax is a colossal amount to take off somebody, and it is taking away the incentive to earn.

  Anthea Turner

  Thinking, People, Christ

  Source: www.dailymail.co.uk

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• I understand when there's no money for the arts in the government, but it should maybe pressure private companies to support more filmmakers. These exhibition and distribution companies are huge, and there might be incentives for them to invest more in Mexican cinema.

  Alejandro Gonzalez Inarritu

  Art, Government, Mexican

  Source: www.avclub.com

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• When everybody is playing at the same level, there's so much more noise. And there's less incentive for the people who should be rising above that noise to take time and invest in what they're doing. It just becomes about hustling and grabbing attention.

  Colin Meloy

  People, Hustle, Attention

  "The Decemberists' Colin Meloy". Interview with Larry Fitzmaurice, pitchfork.com. February 14, 2011.

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• When you're managing a large number of people, you learn that incentives matter tremendously. You really want people to be rewarded for doing the right thing for the customers and the organization.

  Ramez Naam

  Organization, Numbers, People

  "Q&A with Ramez Naam: Dialogues on the Environment". Interview with Mark Tercek, bigthink.com.

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• History is so full of high-level intelligence officials who actually worked for the other side that one is forced to conclude that whether or not top intelligence jobs attract the disloyal, they surely offer incentives to disloyalty.

  Angelo Codevilla

  Loyalty, Jobs, Levels

  Informing Statecraft (1992).

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• We have always wanted Google to be a company that is deserving of great love. But we recognize this is an ambitious goal because most large companies are not well-loved, or even seemingly set up with that in mind. We're lucky to have a very direct relationship with our users, which creates a strong incentive for us to do the right thing .

  Larry Page

  Love, Strong, Ambition

  "Google Beats Out Apple, Facebook, And Twitter For Most Popular Tech Brand: Poll" By Courteney Palis, www.huffingtonpost.com. April 9, 2012.

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• Today, our incentives aren't set up well - you can make a lot of money burning fossil fuels, digging up wetlands, pumping fossil water out of aquifers that will take 10,000 years to recharge, overfishing species in international waters that are close to collapse, and so on.

  Ramez Naam

  Aquifers, Years, Water

  "Q&A with Ramez Naam: Dialogues on the Environment". Interview with Mark Tercek, bigthink.com.

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• When it comes to trying to manage how our entire planet-wide market and all the people and businesses in it deal with nature and our natural resources - we first and foremost need to change the incentives.

  Ramez Naam

  People, Trying, Needs

  "Q&A with Ramez Naam: Dialogues on the Environment". Interview with Mark Tercek, bigthink.com.

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• You have to ask yourself the question, do you have the smartest people in the world working for your company? And if you do, you're lucky. But if you don't, put up the incentive. And have someone who is absolutely brilliant who's a 22-year old in India who says what about this way? And who revolutionizes the way you do business.

  Peter Diamandis

  Years, People, India

  Interview with Paul Hoffman, bigthink.com. January 26, 2010.

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• Over a period of time, they [undocumented workers] can have a legalized status that allows them to live a life of dignity but not necessarily a path to citizenship, so as to not create incentives for future people that aspire to come to our country to do so illegally when they could come legally.

  Jeb Bush

  Country, People, Path

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• We have yet to discover the true incentive, the inner Will which will have an over-mastering effect upon our lives, and yet be present in every circumstance and incident.

  Nilakanta Sri Ram

  Spiritual, Incidents, Circumstances

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• This position will not be disputed so long as it is admitted that the desire of reward is one of the strongest incentives of human conduct, or that the best security for the fidelity of mankind is to make their interest coincide with their duty. Even the love of fame, the ruling passion of the noblest minds... would on the contrary deter him from the undertaking, when he foresaw that he must quit the scene before he could accomplish the work.

  Alexander Hamilton

  Passion, Long, Mind

  "The Federalist: A Commentary on the Constitution of the United States".

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• To the extent that we nourish ourselves on Christ and are in love with him, we feel within us the incentive to bring others to him: Indeed, we cannot keep the joy of the faith to ourselves; we must pass it on.

  Pope Benedict XVI

  Joy, Christ, Feels

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• Our society does reward beauty on the outside over health on the inside. Women must not be blamed for choosing short-term beauty "fixes" that harm our long-term health, since our life spans are inverted under the beauty myth, and there is no great social or economic incentive for women to live a long time.

  Naomi Wolf

  Makeup, Long, Doe

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