Germany is not a fair country. Millions of people believe that things aren't fair in this country. Company profits and bonus payments have increased at the same rate as precarious employment situations.
I think it is important that we are targeting HIV/AIDS resources into the communities where we're seeing the highest growth rates. That means education and prevention, particularly with young people.
Yes, the electoral struggle [in U.S.S.R.] will be animated. It will proceed around numerous very sharp questions, namely, practical questions having first-rate significance for the people.
Coolidge was a pragmatist. He didn't start out with a tax theory. But he observed over time that lower tax rates sometimes brought in extra revenue. The success of his and Treasury Secretary Andrew Mellon's experiment with rate cuts has been obscured by our modern history books.
In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.
Right now we're concerned about budget. Right now we're concerned about the prospect of interest rate rise. We're concerned about government corruption, government handing out deals to specific groups. Coolidge fixed a problem like that. He came into a rough time and he, and Harding before him, fixed that by budgeting.
You can't have 23 million people struggling to get a job. You can't have an economy that over the last three years keeps slowing down its growth rate. You can't have kids coming out of college, half of them can't find a job today, or a job that's commensurate with their college degree. We have to get our economy going.
Donald Trump has no design to transform America. Donald Trump doesn't think America is second-rate. Donald Trump doesn't think America's guilty. Donald Trump doesn't think America owes people things. Donald Trump doesn't think that the borders are to be wide open so that anybody who wants here can come here because we've screwed them at some time in the past.
Once you have an equalization instrument in place, as you have in Canada, there arise tremendous bureaucratic values - bureaucratic rent so to speak - in maintaining the system that you have. To shift to a system that paid the transfers directly to individuals, by having differential rates of federal income tax levied to adjust to provincial fiscal capacities, which would be my preference, you would have huge bureaucratic opposition. People would try to protect the rents they have in the current system of institutions.
We want to limit the exploitation of the fiscal capacity of the richer regions by keeping down the rate of immigration to a level that would be meaningful and efficient. One way to do that is to have a scheme of equalization which essential bribes people to stay in the poorer regions.
Classic economic theories recognize public goods aspects of one kind or another - the need for economic intervention in, obviously, the supply of infrastructure and of education. We're not supplying that infrastructure at an appropriate rate today. I don't doubt it isn't just money; it's organization and goals and so forth.
The rate of growth of the relevant population is much greater than the rate of growth in funds, though funds have gone up very nicely. But we have been producing students at a rapid rate; they're competing for funds and therefore they're more frustrated. I think there's a certain sense of weariness in the intellectual realm, it's not in any way peculiar to economics, it's a general proposition.
Now we've got that [children's death rate] down to about 5 percent, so we've more than cut it in half, and that's because we're getting vaccines out, economic improvement also helps there, but the vaccines are why we've seen an acceleration in getting that down.
People think about this idea that there's 122 million kids that are alive that would not be if that fatality rate had stayed at the 1990 level, that's 122 million families.
When you say that after World War I there was a pandemic that killed more people than the war itself, most will say: "Wait, are you kidding? I know World War I, but there was no World War 1.5, was there?" But people were traveling around after the war, and that meant the force of infection was much higher. And the problem is that the rate of travel back then was dramatically less than what we have nowadays.
In community after community, there are unemployment rates among young African-Americans of 30 to 40 percent. Thirty to 40 percent! Kids have no jobs, they have no future. That is an issue that has got to be dealt with simultaneously as we deal with police brutality, voter suppression and the other attacks that are taking place on the African-American community.
In my view, Zhang Lanxin is one of our best female martial artists, and I can't rate her highly enough.
There are systemic, painful problems of globalization and de-industrialization that cannot be solved with a phone call or a tweet or an angry speech or trying to isolate the press and the first amendment. Sooner or later, the Donald Trump show, which is a projection of strength and authority, will have to deliver to his voters. And if he doesn't, in very real terms, if he can't supersede a situation where a president cut the unemployment rate in half, if he can't do better, if he can't open factories and all the rest that he's promised, then I think he's in trouble.
Many decry rising inequality because it makes those who've fallen behind feel impoverished. But it's done much more than cause hurt feelings. It has also raised the real cost to middle-income families of achieving many basic goals. The process begins with the completely unremarkable fact that top earners have been spending at a substantially higher rate than before. They've been building bigger mansions, staging more elaborate weddings and coming-of-age parties for their kids, buying more and better of everything.
If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.
This is a complicated time to govern in the world today because of so much going on and it's coming at us at such an unprecedented rate.
On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top of the pyramid.
Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.
Men's gender problems cause them a lot of suffering. There is a massive spiking suicide rate in middle age for men and a cultural attitude to male friendship that is destructive.
If we can make sure that that young boys starting at the age of three or four already knows their colors and their letters and are getting good preschool, and by the time they get into school they've got a good teacher and are getting the support that they need and are able to keep up with their classwork, that is going to do more to reduce the incarceration rate at the same time, obviously, as it increases the college enrollment rate.
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