British - Economist | October 19, 1945 -
If someone thinks of something, some new innovation that benefits us all, and the market works properly, they get richly rewarded for that, and that's just terrific, and that creates inequality.
Angus Deaton
InnovationSomeoneInequalityNewUs
Inequality is partly a marker of success.
SuccessInequalityPartly
I really don't think we've become a plutocracy, but I worry about the enormous influence that money has in a democracy such as ours.
MoneyDemocracyInfluenceThinkOurs
I've always - and not always happily - considered myself an outsider. Certainly at Fettes. And then the Scots are always outsiders in England. They are always putting you in your place in one way or another, and there is this pretty rigid class hierarchy.
MyselfYouPlaceClassWayAlways
I doubt that Donald Trump would be happier... if he was a different person. But Trump is always telling people how great his life is and about all the great things that he's done, and that's also all about his income. And that's also what we found. If you ask people how their lives are going, as a whole, it seems they tend to point to income.
LifeGreatPeopleDoubtYouPerson
You can certainly draw a picture of 2016 which makes it look like the 1930s, which, of course, is what everyone is doing.
PictureDoingYouLookEveryone
I do worry about a world in which the rich get to write the rules.
WorldRichWorryRulesWriteGet
Putting, say, an 85 per cent income tax rate is unlikely to bring in much revenue.
TaxSayIncome TaxRevenueBring
Inequality is an enormously complicated thing that is both good and bad.
GoodBadInequalityComplicatedBoth
It's hard to think that Mark Zuckerberg is actually impoverishing anyone by getting rich with Facebook. But driverless cars are another matter entirely.
RichThinkMatterHardFacebook
I both love inequality and am terrified of it.
LoveInequalityBothTerrifiedAm
A lot of our sources for income-inequality measures come from household surveys in which people report how much they earned in the last year, how much income they have, and so on. Those are not as well funded as they should be. We need to have those numbers.
PeopleYearNumbersNeedEarned
Copyright © 2024 QuotesDict Angus Deaton quotes