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emulation
Topic: Miscellaneous 6:37 am EST, Dec 12, 2014

Joseph Stiglitz:

The typical American family is worse off than it was a quarter-century ago, adjusted for inflation; the proportion of people in poverty has increased. China, too, is marked by high levels of inequality, but its economy has been doing some good for most of its citizens. China moved some 500 million people out of poverty during the same period that saw America's middle class enter a period of stagnation. An economic model that doesn't serve a majority of its citizens is not going to provide a role model for others to emulate. America should see the rise of China as a wake-up call to put our own house in order.

Derek Thompson:

Since the Great Recession struck in 2007, the median wage for people between the ages of 25 and 34, adjusted for inflation, has fallen in every major industry except for health care.

Federal Reserve via Steven Rattner:

Inflation-adjusted earnings of the bottom 90 percent of Americans fell between 2010 and 2013, with those near the bottom dropping the most. Meanwhile, incomes in the top decile rose.

Steven Rattner:

In 1995, the 400 taxpayers with the biggest incomes paid an average of 30 percent in taxes; by 2009, the tax rate of those Americans had dropped to 20 percent.

Mohsin Hamid:

The America that boomed in the mid-20th century was a place where the state demanded that male citizens surrender years of their lives to national service, where the top income tax rate hovered between 70 and 94 percent, and where commercial banks were prohibited from investment banking. It was a veritable socialist paradise compared to the America of today.

Barack Obama:

No nation is perfect. But one of the strengths that makes America exceptional is our willingness to openly confront our past, face our imperfections, make changes and do better.

George Packer, on Germany:

No other country memorializes its conquerors on the walls of its most important official building.

Anne Frank:

As long as you can look fearlessly at the sky, you'll know that you're pure within and will find happiness once more.



 
 
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