Public services have, to use the economist’s word, a strong redistributional effect. And this effect is strongly in favor of those with lower incomes. Those who clamor the loudest for public economy are those for whom public services do the least. Tax reduction that curtails or limits public services has a double effect in comforting the comfortable and afflicting the poor.

John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
Speech (1963-12-13), “Wealth and Poverty,” National Policy Committee on Pockets of Poverty
    (Source)

See sourcing notes here.

 
Added on 21-Sep-15 | Last updated 18-Aug-24
Link to this post | No comments
Topics: , , , , , , , ,
More quotes by Galbraith, John Kenneth

Thoughts? Comments? Corrections? Feedback?