“[Those] on fixed incomes are the nation's math elite.”
“In today's world, the elites are growing even more comfortable with one another across national lines, yet at the same time, less comfortable with low-income people who share their nationality. How we create those bonds of community that are truly global as well as national is one of our generation's great challenges.”
“the Reagan years "produced one of the most dramatic redistributions of income in the nation's history....The income of families in the bottom decile fell by 10.4 percent...while the income of those in the top one percent rose by 87.1 percent."Chain Reaction, 23”
“It is remarkable…what a change of temper a fixed income will bring about.”
“Is it just a coincidence that as the portion of our income spent on food has declined, spending on health care has soared? In 1960 Americans spent 17.5 percent of their income on food and 5.2 percent of national income on health care. Since then, those numbers have flipped: Spending on food has fallen to 9.9 percent, while spending on heath care has climbed to 16 percent of national income. I have to think that by spending a little more on healthier food we could reduce the amount we have to spend on heath care.”
“The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”