Quote Of The Day

“Indeed, the share of top incomes coming from capital is much lower now than it has been historically. According to Emmanuel Saez, an economist at the University of California, Berkeley, for the richest Americans — those in the top 0.01 percent of the distribution — the percentage of income derived from capital fell to 25 percent in 2004 from 70 percent in 1929. If your image of the typical rich person is someone who collects interest and dividend checks and spends long afternoons relaxing on his yacht, you are decades out of date. The leisure class has been replaced by the working rich.” — Greg Mankiw,  Harvard Economist in an old NY Times post responding to Buffett’s claims then

34 Responses to “Quote Of The Day”

  • Shorter Mankiw:

    “When people say that the tax rates are not progressive enough they are lying. I will demonstrate this by conveniently ignoring all local and state taxes and fees so as to make these people appear to lie. Then I will declare that the remaining taxes constitute a “highly progressive system” because the top fifth ends up paying a (whopping!!!!) 25%.”

    “25%! Wow, that’s wildly progressive, isn’t it!”

    “Then, for good measure, I will cherry pick some historical data just to see if some unsuspecting blogger falls for it, and makes it his “Quote of the Day”.

  • Sweet blog! I found it while surfing around on Yahoo News.
    Do you have any tips on how to get listed in Yahoo
    News? I’ve been trying for a while but I nevger seem tto
    get there! Cheers

    my blog … speaking of

  • I really like it when individuals get together and
    share views. Great blog, continue the good work!

  • I am curious to find out what blog platform you are
    utilizing? I’m experiencing some minor security problems with my latest blog and I’d
    like to find something more risk-free. Do you have any recommendations?

  • I delight in, lead to I found exactly what I used to be taking a look for.

    You’ve ended my four day long hunt! God Bless you man.
    Have a great day. Bye

  • I like this website very much, Its a really nice
    office to read and incur info.

  • Wow, amazing weblog format! How long have you ever
    been running a blog for? you made blogging glance easy.
    The whole glance of your web site is excellent,
    let alone the content material!

  • It’s truly very complicated in this full of activity life to listen news on TV, so I only use
    world wide web for that reason, and take the latest news.

  • I do trust all of the concepts you have offered in your post.
    They are very convincing and will definitely work.
    Still, the posts are very quick for novices. May just you please lengthen them a little
    from next time? Thanks for the post.

  • You are a very intelligent person!

  • Sweet blog! I found it while searching on Yahoo News. Do you have any
    tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there!
    Many thanks

  • Very good post. I absolutely love this site. Thanks!

  • I was wondering if you ever thought of changing the structure of
    your site? Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of
    content so people could connect with it better. Youve got
    an awful lot of text for only having 1 or two pictures.
    Maybe you could space it out better?

  • BcAAiF zvgtmctszxkf, [url=http://duwqcbkhatcj.com/]duwqcbkhatcj[/url], [link=http://kidiwuubortp.com/]kidiwuubortp[/link], http://xuhupxvcuuek.com/

  • I blog often and I truly thank you for your content. The article has really peaked my interest.
    I will bookmark your website and keep checking for new information about once per week.

    I opted in for your RSS feed too.

  • This design is steller! You certainly know how to keep a reader
    amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job.
    I really enjoyed what you had to say, and more than that, how you presented it.

    Too cool!

  • Excellent site. Plenty of useful information here. I am sending it to a few pals ans also sharing in delicious.
    And certainly, thanks in your sweat!

  • I am in fact pleased to read this website posts which contains plenty of helpful information, thanks for providing such data.

  • Nice response in return of this issue with genuine arguments and telling all
    about that.

  • Needed to post you the little note to finally thank you
    very much the moment again over the superb tips you have provided on this website.
    It’s quite shockingly open-handed of people like you in giving unhampered just what many
    of us would’ve offered for sale as an electronic book in making some money on their
    own, even more so given that you could possibly have
    tried it in case you decided. The inspiring ideas likewise acted to become a
    good way to be sure that other people online have
    a similar fervor much like my personal own to find out a
    great deal more concerning this condition. I believe there are a lot more
    enjoyable sessions ahead for people who start reading your site.

  • I am really loving the theme/design of your weblog.
    Do you ever run into any browser compatibility issues?
    A couple of my blog readers have complained about my
    website not working correctly in Explorer but looks great in Opera.
    Do you have any suggestions to help fix this issue?

  • Hi there friends, fastidious article and good urging commented here, I am actually enjoying by these.

  • Spot on with this write-up, I actually believe that this web site needs a great deal more attention. I’ll probably be back again to see more, thanks
    for the info!

  • Having read this I believed it was extremely informative.
    I appreciate you spending some time and energy to put this article
    together. I once again find myself spending way too much time
    both reading and leaving comments. But so what,
    it was still worth it!

  • Your method of describing everything in this paragraph is genuinely good, every one can simply know it, Thanks a lot.

  • hey there and thank you for your info – I have certainly picked up anything new from right here.
    I did however expertise a few technical points using this
    web site, as I experienced to reload the web site many times previous to I could get
    it to load correctly. I had been wondering if your hosting is OK?

    Not that I’m complaining, but sluggish loading instances times will very
    frequently affect your placement in google and could damage your high quality score if ads and marketing
    with Adwords. Well I am adding this RSS to my email and can look out for a lot more of your respective interesting content.
    Ensure that you update this again soon.

  • constantly i used to read smaller posts which
    also clear their motive, and that is also happening with this post which I am reading at this time.

  • I have been exploring for a bit for any high-quality articles or
    weblog posts on this sort of area . Exploring in Yahoo
    I eventually stumbled upon this website. Reading this info So i am satisfied to exhibit that I’ve a very
    excellent uncanny feeling I came upon exactly what I needed.
    I so much no doubt will make sure to do not forget this site and give it a look regularly.

  • I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do
    it for you? Plz answer back as I’m looking to construct my own blog and would
    like to find out where u got this from. kudos

  • I’m not sure where you’re getting your information, but good topic.
    I needs to spend some time learning more or understanding more.
    Thanks for excellent information I was looking for this information for my mission.

  • Howdy would you mind stating which blog platform you’re
    using? I’m looking to start my own blog soon but I’m having a
    tough time choosing between BlogEngine/Wordpress/B2evolution and Drupal.

    The reason I ask is because your design seems different then most blogs and I’m looking for something completely
    unique. P.S My apologies for being off-topic but I had to ask!

  • Today, I went to the beachfront with my kids.
    I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the
    shell to her ear and screamed. There was a hermit crab inside
    and it pinched her ear. She never wants to go back!
    LoL I know this is entirely off topic but I had to tell someone!

  • Hi there to every one, the contents existing at this site are genuinely awesome for people experience,
    well, keep up the good work fellows.

  • Greetings! Very helpful advice in this particular
    article! It is the little changes that make the
    most important changes. Thanks a lot for sharing!

Leave a Reply