Cannot Quote by Abhijit Banerjee
“If you want to leave move money in the hands of poor people, you cannot do it through personal income tax cuts. You have to just give them money.”
About This Quote
Source Speech: Economic policy discussion, 2019
Direct cash transfers are more effective for helping the poor than tax cuts for the wealthy.
In simple terms: Give money straight to the poor, not via tax cuts.
Key Takeaway
Target aid directly to those in need.
Themes
poverty alleviation
tax policy
direct aid
Mood
thoughtful
concerned
Type
policy
economic
When to use this quote
- government budgeting
- NGO programs
- social welfare design
Key Concepts
Economic inequality
public finance
Questions to Reflect On
- What mechanisms ensure cash reaches the poorest?
- How do political interests affect aid design?
A Different Perspective
Tax cuts may not reach the intended recipients.
![“The most pernicious of his [Obama] proposals will be the massive Make Work Pay refundable tax credit. Dressed up as a tax cut, it will be a national welfare program, guaranteeing a majority of American households an annual check to 'refund' taxes they never paid. And it will eliminate the need for…” quote by Dick Morris](https://sms4smile.com/quotes/img-quotes/4de/dick-morris-4948_annuals_the-most-pernicious-of-his-obama-proposa_2333330.jpg)
