3 Russell Baker Quotes on Economics

Russell Baker quotes on economics

4. It seems to be a law of American life that whatever enriches us anywhere except in the wallet inevitably becomes uneconomic.

26. Early in life, most of us probably observe an unhappy relationship between labor and wealth - to wit, the heavier the labor, the less the wealth. The man doing heavy manual work makes less than the man who makes a machine work for him, and this man makes less than the man sitting at a desk. The really rich people, the kind who go around on yachts and collect old books and new wives, do no labor at all. The economic reasons for dividing the money this way are clear enough. One, it has always been done that way; and two, it's too hard to change at this late date. But the puzzling question is why, since the money is parceled out on this principle, young people are constantly being pummeled to take up a life of labor. In any sensible world, the young would be told they could labor if they wanted to, but warned that if they did so it would cost them.

27. The Government cannot afford to have a country made up entirely of rich people, because rich people pay so little tax that the Government would quickly go bankrupt. This is why Government men always tell us that labor is man's noblest calling. Government needs labor to pay its upkeep.