A just wage for the worker is the ultimate test of whether any economic system is functioning justly.
Interpretation
The fairness of an economic system is determined by how well it compensates its workers.
This quote emphasizes that the true measure of justice within any economic system lies in the wages and compensation it provides to its workers. If workers are paid fairly and justly for their labor, then it indicates that the economic system is functioning properly. Conversely, unjust wages suggest a failure in the system's integrity and moral foundation.
In practice
In a debate about economic policy, one might use this quote to highlight the importance of fair labor practices.
True freedom is not advanced in the permissive society, which confuses freedom with license to do anything whatever and which in the name of freedom proclaims a kind of general amorality. It is a caricature of freedom to claim that people are free to organize their lives with no reference to moral values, and to say that society does not have to ensure the protection and advancement of ethical values. Such an attitude is destructive of freedom and peace.
Like so many pilgrims before us, we kneel in wonder and adoration before the ineffable mystery which. was accomplished here... In This Child - the Son who is given to us - we find rest for our souls and the true bread that never fails - the Eucharistic Bread foreshadowed even in the name of this town: Bethlehem, the house of bread. God lies hidden in the Child; divinity lies hidden in the Bread of Life
And everything else will then turn out to be unimportant and inessential except this: father, child, and love. And then, looking at the simplest things, we will all say, Could we have not learned this long ago? Has this not always been embedded in everything that is?
Do not abandon yourselves to despair. We are the Easter people and hallelujah is our song.
Man matures through work which inspires him to difficult good.
United with the angels and saints of the heavenly Church, let us adore the most Holy Sacrament of the Eucharist. Prostrate, we adore this great mystery that contains God's new and definitive covenant with humankind in Christ.
An economy hampered by restrictive tax rates will never produce enough jobs or enough profits
No matter what anyone may say about making the rich and the corporations pay the taxes, in the end they come out of the people who toil. It is your fellow workers who are ordered to work for the Government, every time an appropriation bill is passed. The people pay the expense of government, often many times over, in the increased cost of living. I want taxes to be less, that the people may have more.
That economic decisions are made without certain knowledge of the consequences is pretty self-evident. But, although many economists were aware of this elementary fact, there was no systematic analysis of economic uncertainty until about 1950.
If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. Β By comparison, the average real income of the other 95% of households grew less than 10%.
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