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If the economy is growing fast, there is call for a distributing income from the rich to the poor to to put in place social safety nets.
-Manmohan Singh
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If The Economy Is Growing Fast, There

Manmohan Singh
If the economy is growing fast, there is call for a distributing income from the rich to the poor to to put in place social safety nets.
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Safety Income Growing

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What type of new economical system can organize this system? there is another sector in our life, that we rely on every single day, that are absolutely essential: the social commons, the social economy. it is all the activity we engage in to create social capital. it doesn't create capital market. social commons is growing faster than the market place. it is growing faster than the market place. the social commons include any activity that is deeply social and collaborative.
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When you live in a poor neighborhood, you are living in an area where you have poor schools. when you have poor schools, you have poor teachers. when you have poor teachers, you get a poor education. when you get a poor education, you can only work in a poor-paying job. and that poor-paying job enables you to live again in a poor neighborhood. so, it's a very vicious cycle.
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My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
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The people who are having the hard time right now are middle-income americans. under the president's policies, middle-income americans have been buried. they're just being crushed. middle-income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. it's been crushing.
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That was always my experience-a poor boy in a rich town; a poor boy in a rich boy's school; a poor boy in a rich man's club at princeton .... however, i have never been able to forgive the rich for being rich, and it has colored my entire life and works.
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When the rich plunder the poor of his rights, it becomes an example for the poor to plunder the rich of his property, for the rights of the one are as much property to him as wealth is property to the other, and the little all is as dear as the much. it is only by setting out on just principles that men are trained to be just to each other; and it will always be found, that when the rich protect the rights of the poor, the poor will protect the property of the rich. but the guarantee, to be effectual, must be parliamentarily reciprocal.
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