It's not enough to tackle just the symptoms of poverty. You have to tackle the causes of poverty.
George OsborneRead
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.
Interpretation
Economic policies should be fair to both the poor and the rich, as reliance on one group will lead to imbalance and delusion.
George Osborne highlights the importance of a balanced economic approach that does not unfairly burden the poor while simultaneously relying solely on the wealthy for funding. True economic stability requires contributions and considerations from all segments of society to ensure fairness and sustainability.
In practice
During a debate about tax reforms, this quote can emphasize the need for equitable policies that consider all socioeconomic classes.
It's not enough to tackle just the symptoms of poverty. You have to tackle the causes of poverty.
The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers.
Nothing so weakens government as persistent inflation.
Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.
What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory loans. While the bankers wear three-piece suits and don't break the knee caps of those who can't pay back, they still are destroying people's lives.
Drug companies spend more on advertising and marketing than on research, more on research on lifestyle drugs than on life saving drugs, and almost nothing on diseases that affect developing countries only. This is not surprising. Poor people cannot afford drugs, and drug companies make investments that yield the highest returns.
Thus, the same blow that strikes interest down will send wages up.
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