Angus Deaton: Inequality Serious Threat

Angus Deaton Money Quotation saying wealth inequality has a serious downside of threatening the well-being of everyone. Angus Deaton said:
 

 

“I think inequality has gone past the point where it’s helping us all get rich, and it’s really becoming a serious threat” — Angus Deaton

 
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Angus Deaton: Congress Prefers Wealthy

2015 Nobel Prize in Economics winner Angus Deaton Money Quote saying congressional bias lies firmly with wealthy campaign donors and opposed to preferences of poor voters. Angus Deaton said:
 

 

“Voting patterns in the US Congress… are very closely aligned with the preference of their wealthy constituents and not at all aligned with the preference of the poor constituents” — Angus Deaton

Angus Deaton: Economic Inequality Threat

As winner of the Nobel Prize in Economics in 2015, Angus Deaton political Money Quote saying that unfairness in wealth distribution leads to threatened democracy. Angus Deaton said:
 

 

“The political equality that is required by democracy is always under threat from economic inequality, and the more extreme the economic inequality, the greater the threat to democracy” — Angus Deaton