Income is the lifeblood of the economy; it doesn't just represent numbers in a bank account, but is the primary driver of consumption, investment, and ultimately, social and individual stability. It's an indicator of an individual's productive value in the market, their ability to meet their basic needs and contribute to the overall economy, and the quotes below show the dimensions of material and moral income.
āMost 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.ā
āYour 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.ā
