Payment Quotes - Page 16

• In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from 'creative' and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions.

  Thomas Sowell

  Home, California, People

  Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.30, ReadHowYouWant.com

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• Credit cards have been extremely profitable to banks. They're profitable not from the fees they collect from the retailers that use the credit cards, that pays the bills, but the real profits come from the interest payments and the charges to users that are unexpected.

  Richard Thaler

  Real, Use, Credit

  Source: bigthink.com

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• If rather than setting the minimum balance as the lowest possible amount, so we keep people in debt for as long as possible, we raise the minimum payment and encourage people to pay off their credit cards, we're going to make less money, but we're going to have costumers that are more solvent.

  Richard Thaler

  Long, People, Balance

  "Big Think Interview With Richard Thaler". bigthink.com. June 19, 2009.

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• Thy husband is thy lord, thy life, thy keeper,
  Thy head, thy sovereign; one that cares for thee,
  And for thy maintenance commits his body
  To painful labour both by sea and land,
  To watch the night in storms, the day in cold,
  Whilst thou liest warm at home, secure and safe;
  And craves no other tribute at thy hands
  But love, fair looks and true obedience;
  Too little payment for so great a debt.

  William Shakespeare

  Marriage, Husband, Home

  'The Taming Of The Shrew' (1592) act 5, sc. 2, l. 147

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• Let's not only provide a jumpstart to the economy and immediately or save 3 million jobs, but let's also put a down payment on some of the structural problems that we have in our economy.

  Barack Obama

  Money, Jobs, Problem

  "Obama’s This Week Interview: Discusses Economy, Closing Guantanamo, Gaza Crisis". "This Week" with George Stephanopoulos, www.huffingtonpost.com. February 11, 2009.

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• I argued last year on my shared blog that selling the right to immigrate would be the best approach to legal immigration. Among other benefits, the revenue from immigrants' payments could reduce taxes. Paying for the right to immigrate would also negate the argument that immigrants get a free ride when they gain health care and other benefits. Moreover, making immigrants pay would attract the type of immigrants who came much earlier in American history: young men and women who are reasonably skilled and want to make a long-term commitment to the United States.

  Gary Becker

  Commitment, Years, Long

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