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.
I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. ... because I believe the big problem is not taxes, the big problem is spending.
Most of economics can be summarized in four words: 'People respond to incentives.' The rest is commentary.
We cannot live without trade. A society can neither advance nor improve without excess of disposable income. This excess can only be amassed through the production of goods and services necessary or attractive to the mass. A financial system which allows this leads to inequality; one that does not leads to mass starvation.
We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
The hidden hand of the market will never work without a hidden fist.
An economy hampered by restrictive tax rates will never produce enough jobs or enough profits
Subscribe for the occasional hand-picked quote. No noise.