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A tight-money policy reinforces inequality in two ways. Its high interest rates disproportionately reward the rich, and the resulting unemployment disproportionately punishes the poor.
Linda McQuaig
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Linda McQuaig
Age: 73
Journalist
Writer
City of Toronto
Ways
Tight
Rich
Unemployment
High
Inequality
Interest
Reward
Disproportionately
Poor
Rewards
Reinforces
Money
Capitalism
Punishes
Two
Rate
Resulting
Way
Policy
Rates
More quotes by Linda McQuaig
The statement, The debt problem has become so extreme that we have no choice but to cut social spending is presented as an objective assessment of our situation. But can you imagine a media commentator making the following assertion? The debt problem has become so extreme that we have no choice but to raise taxes on the rich.
Linda McQuaig
The free market is notorious for distributing resources in a highly unequal manner, with great concentrations of wealth at the top and poverty at the bottom. Our social programs, modest compared to those of many other Western countries, play an important role in redistributing some of those resources from the haves to the have-nots.
Linda McQuaig
Anyone observing U.S. politics in recent years could easily conclude that lying about having sex is a serious offense worthy of impeachment, while lying about taking the country to war is hardly worth mentioning.
Linda McQuaig
High interest rates focus on the revenue of a parasitic class.
Linda McQuaig
The basic issue is whether the financial elite or the government on behalf of the people should have the profit from creating money.
Linda McQuaig
Even before winning its majority, Harper's Republican-styl e Conservative party - well to the right Canada's traditional Progressive Conservative Party - managed to win minority governments with less than 40 per cent of the popular vote.
Linda McQuaig