"Most of the people in the upper..." - Quote by Thomas Sowell
Most of the people in the upper income brackets are not rich and do not have wealth sheltered offshore. They are typically working people who have finally reached their peak earning years after many years of far more modest incomes-and now see much of what they have worked for siphoned off by politicians, to the accompaniment of lofty rhetoric.
More by Thomas Sowell
“Why is history important? Without history, many people have no idea how many of today's half-baked ideas have been tried, again and again - and have repeatedly led to disaster. Most of these ideas are not new. They are just being recycled with re-treaded rhetoric.”
“There is nothing that politicians like better than handing out benefits to be paid for by someone else.”
“Why the transfer of decisions from those with personal experience and a stake in the outcome to those with neither can be expected to lead to better decisions is a question seldom asked, much less answered.”
More on Income
“There is no income tax in Russia. But there's no income.”
“Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes.”
“Your paycheck is not your employer's responsibility, it's your responsibility. Your employer has no control over your value, but you do.”
More on Wealth
“The whole trouble with the Republicans is their fear of an increase in income tax, especially on higher incomes. They speak of it almost like a national calamity. I really believe if it come to a vote whether to go to war with England, France and Germany combined, or raise the rate on incomes of over $100,000, they would vote war.”
“wealth does not bring goodness, but goodness brings wealth and every other blessing, both to the individual and to the state”
“He that is rich need not live sparingly,and he that can live sparingly need not be rich.”