QuoteProject
The minimum wage in Denmark is about twice that of the United States, and people who are totally out of the labor market or unable to care for themselves have a basic income guarantee of about $100 per day.
Bernie Sanders
ShareWTF𝕏

Interpretation

What this quote means

Bernie Sanders highlights the differences in wage and social support systems between Denmark and the United States.

In this quote, Bernie Sanders compares the minimum wage and basic income guarantees between Denmark and the United States, illustrating a model where higher minimum wages and social safety nets provide more financial security and support for those unable to work. This statement emphasizes the broader conversation about income inequality, social welfare, and the effectiveness of different economic systems in supporting citizens.

Themes

Minimum WageBasic IncomeDenmarkUnited StatesSocial WelfareIncome Inequality

In practice

Example use cases

During a discussion on social welfare policies, I quoted Bernie Sanders to highlight the benefits of a guaranteed income.

More from Bernie Sanders

At a time when the average student is graduating from a four-year college $27,000 in debt, when hundreds of thousands of capable young people no longer see college as an option because of high costs and when the U.S. is falling further and further behind our economic competitors in terms of the percentage of young people graduating from college, no agreement should be passed which, over a period of years, makes a bad situation worse and will make college even less affordable than it is today.
Bernie SandersRead
Do the elected officials in Washington stand with ordinary Americans - working families, children, the elderly, the poor - or will the extraordinary power of billionaire campaign contributors and Big Money prevail? The American people, by the millions, must send Congress the answer to that question.
Bernie SandersRead
In any democratic, civilized - even non-democratic nations, if you are a nation, it means to say that in our case, if there's a hurricane in Louisiana, the people of Vermont are there for them. If there's a tornado in the Midwest, we are there for them. If there's flooding in the East Coast, the people in California are there for us.
Bernie SandersRead
Who do you think controls the Republican Party? Big money controls the Republican Party. This is where their campaign contributions come from.
Bernie SandersRead
The deficit crisis is real and must be addressed. But it cannot be solved on the backs of the weak and vulnerable.
Bernie SandersRead
Let us wage a moral and political war against war itself, so that we can cut military spending and use that money for human needs.
Bernie SandersRead

Similar quotes

That's the problem with very high taxes - they don't redistribute wealth; they redistribute people.
Daniel HannanRead
After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.
Ben BernankeRead
I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth.
Angela MerkelRead
The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
Henry HazlittRead
One way to have broader access to wealth is to reduce the tax on the large group and increase the tax on the very top so concentration of wealth doesn't get to extreme levels.
Thomas PikettyRead
Just as we should never balance the budget on the backs of the poor, so it is an economic delusion to think you can balance it only on the wallets of the rich.
George OsborneRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.