Over the last few years a lot of people have become aware of the inequities in the criminal justice system, right now, with our overall crime rate and incarceration rate both falling, we're at a moment when some good people in both parties, Republicans and Democrats and folks all across the country, are coming up with ideas to make the system work smarter and better.
Don't let anyone persuade you that anything we do in life less than our own best, is a worthy thing. You must never compromise with your life. We know when we are doing first-rate things. When we satisfy ourselves with second-rate things, it is the beginning of a long, long death. We die from that minute.
Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.
Corporate tax reform is nice in theory but tough in practice. It most likely requires lower tax rates and the closing of loopholes, which many companies are sure to fight. And whatever new, lower tax rate is determined, there will probably be another country willing to lower its rate further, creating a sad race to zero.
Andrew Ross Sorkin
According to the IRS, the wealthiest 400 Americans, who earned an average of roughly $270 million in 2008, paid an average tax rate of just 18.2 percent that year. That's about the same rate paid by a single truck driver in Rhode Island. It's not right, and we need to restore fairness to our tax code.
If you enjoyed laughing in the face of death, you might like to have a crack at High Saffron. One hundred merits, and all you have to do is take a look.' 'I understand there's a one hundred percent fatality rate?' 'True. But up until the moment of death there was a one hundred percent survival rate. Really, I shouldn't let anything as meaningless as statistics put you off.
I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.
Howard Warren Buffett
At Childerstown High School and at college he had never led his class nor taken prizes; but, without being aware that he did, he really blamed this on his failure to work hard, or any harder than he needed to... What he did not know, what Paul Bonbright, among others, showed him, was that those abilities of his that got him, without distinction but also without much exertion, through all previous lessons and examinations, were not first rate abilities handicapped by laziness, but second rate, by no degree of effort or assiduity to be made the equal of abilities like Bonbright's.
James Gould Cozzens
It is only possible to succeed at second-rate pursuits - like becoming a millionaire or a prime minister, winning a war, seducing beautiful women, flying through the stratosphere, or landing on the moon. First-rate pursuits - involving, as they must, trying to understand what life is about and trying to convey that understanding - inevitably result in a sense of failure. A Napoleon, a Churchill, or a Roosevelt can feel himself to be successful, but never a Socrates, a Pascal, or a Blake. Understanding is forever unattainable.
You know, development sometimes is viewed as a project in which you give people things and nothing much happens, which is perfectly valid, but if you just focus on that, then you'd also have to say that venture capital is pretty stupid, too. Its hit rate is pathetic. But occasionally, you get successes, you fund a Google or something, and suddenly venture capital is vaunted as the most amazing field of all time. Our hit rate in development is better than theirs, but we should strive to make it better.
There were the studies, beginning in 2007, which found that the suicide rate among women who had received breast implants were twice the suicide rate of the general population. So there's an alarming relationship between being deeply unhappy, being unhappy with your body, and having liquid-filled plastic bags surgically inserted into your body that kind of contradicts the whole "boost your self-esteem" line about the real reasons to have cosmetic surgery.
Susan J. Douglas
Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.
Andrew Lloyd Webber
When a country has substituted credit money or fiat money for metallic money, because the legal equating of the over-issued paper and the metallic money sets in motion the mechanism described by Gresham's Law, it is often asserted that the balance of payments determines the rate of exchange. But this also is a quite inadequate explanation. The rate of exchange is determined by the purchasing power possessed by a unit of each kind of money.
Ludwig von Mises
During the 1960s, one neighborhood in San Francisco had the lowest income, the highest unemployment rate, the highest proportion of families with incomes under four thousand dollars a year, the least educational attainment, the highest tuberculosis rate, and the highest proportion of substandard housing ... That neighborhood was called Chinatown. Yet, in 1965, there were only five persons of Chinese ancestry committed to prison in the entire state of California.
James Q. Wilson
No other advanced nation endures this kind of violence. None. Here in America, the murder rate is three times what it is in other developed nations. The murder rate with guns is ten times what it is in other developed nations. And there's nothing inevitable about it. It comes about because of decisions we make or fail to make. And it falls upon us to make it different.
The poverty rate among black married couples has been in single digits ever since 1994. You would never learn that from most of the media. Similarly you look at those blacks that have gone on to college or finished college, the incarceration rate is some tiny fraction of what it is among those blacks who have dropped out of high school. So it's not being black; it's a way of life. Unfortunately, the way of life is being celebrated not only in rap music, but among the intelligentsia, is a way of life that leads to a lot of very big problems for most people.
Up until 1986, the top marginal rate, the top statutory rate was 50 percent. Now it's 35 percent. And all the pressure is on to lower that even further. And this just doesn't make a great deal of sense. When people say, 'Oh, we can't raise taxes on the rich. They'll go on strike, they'll move to another country.' But within recent memory, it hasn't been that long ago that we had rates that were substantially higher. And these people did just fine. I just think that there's a disconnect between the facts of what taxes do and the sort of mythology of what they do.
Roache's statement after his acquittal was dignified but his supporters were angry. They demanded to know why the case was ever brought, claiming that the actor was a victim of the "hysteria" created by revelations about Jimmy Savile. It's a curious conclusion to draw from a "not guilty" verdict; there are courtrooms where the conviction rate is 100 per cent but they tend to be in totalitarian states. In serious criminal cases in England and Wales, the rate is around 82 per cent, and I would be seriously worried if every defendant were to be found guilty. The Independent, 9 February 2014
What you and I might rate as an absolute disaster, God may rate as a pimple-level problem that will pass. He views your life the way you view a movie after you've read the book. When something bad happens, you feel the air sucked out of the theater. Everyone else gasps at the crisis on the screen. Not you. Why? You've read the book. You know how the good guy gets out of the tight spot. God views your life with the same confidence. He's not only read your story...he wrote it.
People (a group that in my opinion has always attracted an undue amount of attention) have often been likened to snowflakes. This analogy is meant to suggest that each is unique - no two alike. This is quite patently not the case. People, even at the current rate of inflation - in fact, people especially at the current rate of inflation - are quite simply a dime a dozen. And, I hasten to add, their only similarity to snowflakes resides in their invariably and lamentable tendency to turn, after a few warm days, to slush.
The lower the family income, the higher the probability that the mother must work. Today, 1 out of 5 of these working mothers has children under 3. Two out of 5 have children of school age. Among the remainder, about 50 percent have husbands who earn less than $5,000 a year-many of them much less. I believe they bear the heaviest burden of any group in our Nation. Where the mother is the sole support of the family, she often must face the hard choice of either accepting public assistance or taking a position at a pay rate which averages less than two-thirds of the pay rate for men.
John F. Kennedy
The sleds accelerated quickly as they glided effortlessly over the smooth ice. We had never before experienced such a quick, easy slide. usually we wished we could push ourselves to make our sleds go faster. But not this time. The crystals of ice started flying past at an incredible rate of speed. No longer aware of where my sister and her sled were, all I could see was raw ice whizzing by ten inches under my chin at a rate of speed I never imagined I would experience on a sled. I felt like I was flying!
Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.
Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital in this; that the increase of knowledge produces a more rapid rate of progress, whilst the accumulation of capital leads to a lower rate of interest. Capital thus checks its own accumulation: knowledge thus accelerates its own advance. Each generation, therefore, to deserve comparison with its predecessor, is bound to add much more largely to the common stock than that which it immediately succeeds.
Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation." "The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.
The seasons, like greater tides, ebb and flow across the continents. Spring advances up the United States at the average rate of about fifteen miles a day. It ascends mountainsides at the rate of about a hundred feet a day. It sweeps ahead like a flood of water, racing down the long valleys, creeping up hillsides in a rising tide. Most of us, like the man who lives on the bank of a river and watches the stream flow by, see only one phase of the movement of spring. Each year the season advances toward us out of the south, sweeps around us, goes flooding away to the north.
Edwin Way Teale
Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This is especially true of those workers who are paid by the hour. An increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. And when the increase is as sharp as it is in H.R. 7935, the result is sure to be a fresh surge of inflation. Once again, prudence dictates a more gradual increase in the wage rate, so that the economy can more easily absorb the impact.
Richard M. Nixon
The typhoon of madness that swept through the country [of Rwanda] between April 7 and the third week of May accounted for 80 percent of the victims of the genocide. That means about eight hundred thousand people were murdered during those six weeks, making the daily killing rate at least five times that of the Nazi death camps. The simple peasants of Rwanda, with their machetes, clubs, and sticks with nails, had killed at a faster rate than the Nazi death machine with its gas chambers, mass ovens, and firing squads. In my opinion, the killing frenzy of the Rwandan genocide shared a vital common thread with the technological efficiency of the Nazi genocide-satanic hate in abundance was at the core of both.
In many ways the effect of the crash on embezzlement was more significant than on suicide. To the economist embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks, months, or years may elapse between the commission of the crime and its discovery. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no loss. There is a net increase in psychic wealth.) At any given time there exists an inventory of undiscovered embezzlement in - or more precisely not in - the country's businesses and banks. This inventory - it should perhaps be called the bezzle - amounts at any moment to many millions of dollars. It also varies in size with the business cycle. In good times people are relaxed, trusting, and money is plentiful. But even though money is plentiful, there are always many people who need more. Under these circumstances the rate of embezzlement grows, the rate of discovery falls off, and the bezzle increases rapidly. In depression all this is reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise. Audits are penetrating and meticulous. Commercial morality is enormously improved. The bezzle shrinks... Just as the boom accelerated the rate of growth, so the crash enormously advanced the rate of discovery. Within a few days, something close to a universal trust turned into something akin to universal suspicion. Audits were ordered. Strained or preoccupied behavior was noticed. Most important, the collapse in stock values made irredeemable the position of the employee who had embezzled to play the market. He now confessed.
John Kenneth Galbraith