Thomas Sowell Quotes - Page 25

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The biggest and most deadly 'tax' rate on the poor comes from a loss of various welfare state benefits - food stamps, housing subsidies and the like - if their income goes up.

The biggest and most deadly 'tax' rate on the poor comes from a loss of various welfare state benefits - food stamps, housing subsidies and the like - if their income goes up.

Thomas Sowell

Loss, Income, Benefits

Money goes out first to pay expenses and then comes back as profits later - if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.

Thomas Sowell

Pay, Firsts, Coming Back

Thomas Sowell (2010). “Basic Economics 4th Ed: A Common Sense Guide to the Economy”, p.589, Basic Books

The growing complexity of science, technology, and organization does not imply either a growing knowledge or a growing need for knowledge in the general population. On the contrary, the increasingly complex processes tend to lead to increasingly simple and easily understood products. The genius of mass production is precisely in its making more products more accessible, both economically and intellectually to more people.

Thomas Sowell

Technology, Simple, Growing Knowledge

The principles applied in economic processes are general social principles.

Thomas Sowell

Principles, Economic, Social

Thomas Sowell (1996). “Knowledge And Decisions”, p.110, Basic Books

Child poverty in the United States declined after the work requirement was put in there. People realized that they had to work and people went out and worked and they got off welfare.

Thomas Sowell

Children, People, United States

"Do No Harm: An Interview With Thomas Sowell". Interview with David Harsanyi, thefederalist.com. January 13, 2015.