Harvey S. Rosen - Income Quotes

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"Welfare" in the United States is a patchwork of more than 80 programs that provide benefits primarily to low-income individuals. These programs are means tested - only individuals whose financial resources fall below a certain level can receive benefits.

Harvey S. Rosen
If it makes sense to transfer income from rich to poor people within a generation, why shouldn't we transfer income from rich to poor generations?

Harvey S. Rosen
Plato argued that in a good society the ratio of the richest to the poorest person's income should be at the most four to one.

Harvey S. Rosen
Some argue that an income tax is unfair because it taxes capital income twice: once when the original income is earned, and again when the investment produces a return.

Harvey S. Rosen
From a theoretical point of view, lifetime income would be ideal, but the practical problems in estimating it are enormous.

Harvey S. Rosen
Government grows because low-income individuals use the political system to redistribute income toward themselves.

Harvey S. Rosen
During the 1980's, the top statutory marginal income tax rate in the United States fell from 70 percent to 28 percent.

Harvey S. Rosen
Why should the central government be in the business of giving unconditional grants to states and localities? The usual response is that such grants can equalize the income distribution. It is not clear that this argument stands up under scrutiny. Even if a goal of public policy is to help poor people, it does not follow that the best way to do so is to help poor communities. After all, the chances that a community with a low average income will probably have some relatively rich members and vice versa. If the goal is to help the poor, why not give them the money directly?

Harvey S. Rosen