The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.
Ben ShapiroRelated topics
bankruptcy boost campaign city enough failure government increase inequality job order pension promise rinse simple spending story tax voting washRelated quotes
The Lord sometimes allows people who are devoted to Him to fall into such dreadful vices; and this is in order to prevent them from falling into a still greater sin-pride. Your temptation will pass and you will spend the remaining days of your life in humility. Only do not forget your sin.
Seraphim of Sarov
The trends that are shaping the twenty-first-century world embody both promise and peril. Globalization, for example, has lifted hundreds of millions of people out of poverty while contributing to social fragmentation and a massive increase in inequality, not to mention serious environmental damage.
Klaus Schwab
The central theme of this paper is the character and causes of long-term changes in the personal distribution of income. Does inequality in the distribution of income increase or decrease in the course of a country's economic growth? What factors determine the secular level and trends of income inequalities?
Simon Kuznets
By the standards of honest, if unorthodox, accounting, government workers don't pay taxes, but are paid out of taxes. In other words, they pay taxes out of money confiscated from taxpayers, who, in turn, pay taxes twice: on their own income and on the income of members of the bureaucracy. At the very least, this should disqualify state workers from voting.
Ilana Mercer