Quote: John Kenneth Galbraith

John Kenneth “Ken” Galbraith (October 15, 1908 – April 29, 2006 )
Canadian-American Keynesian Economist, Prolific Author

An understanding of our economic discourse requires an appreciation of one of its basic rules: Men of high position are allowed, by a special act of grace, to accommodate their reasoning to the answer they need. Logic is only required in those of lesser rank.

‘The American dream was that anyone could make it. That is no longer the dream’

Since the time of President Reagan, the richest one percent of the country has seen exponential income growth. Everyone else, including the people who most need to have their incomes grow, have not done nearly so well. The main reason for that is tax policy[.]
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