--- title: "Meaning & Key Takeaway of: One simple step firms can take is make…" description: "\"One simple step firms can take is make sure that people that are getting paid a lot of money, say more than a million or two, that a big chunk of that ..." image: "https://sms4smile.com/quotes/i/66d/richard-thaler-3060_ballgame_one-simple-step-firms-can-take-is-make-s_3040782.png" --- # One simple step firms can take is make sure that people… ![“One simple step firms can take is make sure that people that are getting paid a lot of money, say more than a million or two, that a big chunk of that money is deferred. That's going to change the whole ballgame.” quote by Richard Thaler](https://sms4smile.com/quotes/i/66d/richard-thaler-3060_ballgame_one-simple-step-firms-can-take-is-make-s_3040782.png) [Download](https://sms4smile.com/quotes/i/66d/richard-thaler-3060_ballgame_one-simple-step-firms-can-take-is-make-s_3040782.png) [Open image](https://sms4smile.com/quotes/i/66d/richard-thaler-3060_ballgame_one-simple-step-firms-can-take-is-make-s_3040782.png) > “One simple step firms can take is make sure that people that are getting paid a lot of money, say more than a million or two, that a big chunk of that money is deferred. That's going to change the whole ballgame.” [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Advocates for high earners to defer a large portion of their income, arguing it would shift economic dynamics and reduce inequality. **In simple terms:** Rich should postpone much of their earnings. Key Takeaway Implement income deferral policies. Themes economics wealth distribution policy taxation behavioral economics Mood analytical pragmatic Type policy economic When to use this quote - corporate compensation - public policy - retirement planning - social equity Key Concepts income deferral wealth inequality Questions to Reflect On - What incentives could encourage deferral? - How would deferral affect economic growth? A Different Perspective Political resistance and practical implementation challenges exist. ★ ★ ★ ★ ★ No ratings yet [Ballgame](https://sms4smile.com/quotes/about/ballgame/) [Bigs](https://sms4smile.com/quotes/about/bigs/) [Chunks](https://sms4smile.com/quotes/about/chunks/) [Deferred](https://sms4smile.com/quotes/about/deferred/) [Deferred Going](https://sms4smile.com/quotes/about/deferred-going-5010742/) [Firm](https://sms4smile.com/quotes/about/firm/) [Firms Make](https://sms4smile.com/quotes/about/firms-make-1508239/) [Getting Paid](https://sms4smile.com/quotes/about/getting-paid/) [Lots of money](https://sms4smile.com/quotes/about/lots-of-money/) [Millions](https://sms4smile.com/quotes/about/millions/) [Money](https://sms4smile.com/quotes/about/money/) [Money Deferred](https://sms4smile.com/quotes/about/money-deferred-1444502/) [Paid](https://sms4smile.com/quotes/about/paid/) [People](https://sms4smile.com/quotes/about/people/) [Simple](https://sms4smile.com/quotes/about/simple/) [Steps](https://sms4smile.com/quotes/about/steps/) [Two](https://sms4smile.com/quotes/about/two/) [Whole](https://sms4smile.com/quotes/about/whole/) ## Related quotes > [The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So…](https://sms4smile.com/quotes/richard-thaler/the-money-has-to-be-deferred-with-what-they-call-clawback-which-means/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [There's a dark underside to philanthropy. People who give a bunch of money are deferred to, even when they are wrong. The emperor cannot…](https://sms4smile.com/quotes/michael-eric-dyson/there-s-a-dark-underside-to-philanthropy-people-who-give-a-bunch-of/) [Michael Eric Dyson](https://sms4smile.com/quotes/author/michael-eric-dyson/) > [“Great Firms Make Sure That Innovation Is not Optional”](https://sms4smile.com/quotes/keeley-larry/great-firms-make-sure-that-innovation-is-not-optional/) [Keeley, Larry](https://sms4smile.com/quotes/author/keeley-larry/) > [Most large media firms make outsized investments to acquire and market a small number of titles with strong hit potential, and bank on their…](https://sms4smile.com/quotes/anita-elberse/most-large-media-firms-make-outsized-investments-to-acquire-and/) [Anita Elberse](https://sms4smile.com/quotes/author/anita-elberse/) > [Private equity does pay very well, and my counterparts, guys that I grew up with who are still working at a number of firms,…](https://sms4smile.com/quotes/gerry-schwartz/private-equity-does-pay-very-well-and-my-counterparts-guys-that-i/) [Gerry Schwartz](https://sms4smile.com/quotes/author/gerry-schwartz/) > [People go to work at Wall Street firms to make a lot of money. They may not love what they are doing, but the…](https://sms4smile.com/quotes/richard-edelman/people-go-to-work-at-wall-street-firms-to-make-a-lot-of-money-they/) [Richard Edelman](https://sms4smile.com/quotes/author/richard-edelman/) > [A duty dodged is like a debt unpaid; it is only deferred, and we must come back and settle the account at last.](https://sms4smile.com/quotes/joseph-fort-newton/a-duty-dodged-is-like-a-debt-unpaid-it-is-only-deferred-and-we-must/) [Joseph Fort Newton](https://sms4smile.com/quotes/author/joseph-fort-newton/) > [I almost went to Central Saint Martins for fashion design. I deferred for a year when I graduated high school so that I could…](https://sms4smile.com/quotes/hunter-schafer/i-almost-went-to-central-saint-martins-for-fashion-design-i-deferred/) [Hunter Schafer](https://sms4smile.com/quotes/author/hunter-schafer/) > [Hope deferred makes the heart sick, but a longing fulfilled is a tree of life. -Proverbs 13:12](https://sms4smile.com/quotes/bible/hope-deferred-makes-the-heart-sick-but-a-longing-fulfilled-is-a-tree/) [Bible](https://sms4smile.com/quotes/author/bible/) > [I stumbled into acting and just loved it. I deferred law school-and I'm still deferred.](https://sms4smile.com/quotes/portia-de-rossi/i-stumbled-into-acting-and-just-loved-it-i-deferred-law-school-and-i/) [Portia de Rossi](https://sms4smile.com/quotes/author/portia-de-rossi/) > [Justice deferred is justice denied.](https://sms4smile.com/quotes/diane-watson/justice-deferred-is-justice-denied/) [Diane Watson](https://sms4smile.com/quotes/author/diane-watson/) > [Hope is a dream deferred.](https://sms4smile.com/quotes/jennifer-stone/hope-is-a-dream-deferred/) [Jennifer Stone](https://sms4smile.com/quotes/author/jennifer-stone/) > [“Dreams aren't deferred. They don't just get deferred, either. Someone defers them. You defer them. You make a choice and put off something you…](https://sms4smile.com/quotes/tracy-lynn/dreams-aren-t-deferred-they-don-t-just-get-deferred-either-someone/) [Tracy Lynn](https://sms4smile.com/quotes/author/tracy-lynn/) > [Juneteenth has always been a symbol of freedom deferred.](https://sms4smile.com/quotes/cori-bush/juneteenth-has-always-been-a-symbol-of-freedom-deferred/) [Cori Bush](https://sms4smile.com/quotes/author/cori-bush/) > [“war is not so to be avoided, but is only deferred to your disadvantage”](https://sms4smile.com/quotes/niccolo-machiavelli/war-is-not-so-to-be-avoided-but-is-only-deferred-to-your-disadvantage/) [Niccolò Machiavelli](https://sms4smile.com/quotes/author/niccolo-machiavelli/) ## More by Richard Thaler > [The Nobel Prize is going to be 'fun money' - for an occasion, when my wife and I want a $50 bottle of wine.](https://sms4smile.com/quotes/richard-thaler/the-nobel-prize-is-going-to-be-fun-money-for-an-occasion-when-my-wife/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [In some ways, the finding that financial education doesn't provide long-term payoffs is hardly surprising. After all, how much do you remember from your…](https://sms4smile.com/quotes/richard-thaler/in-some-ways-the-finding-that-financial-education-doesn-t-provide/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [Fortunately, economists open to new ways of thinking are finding novel ways to use supposedly irrelevant factors to make the world a better place.](https://sms4smile.com/quotes/richard-thaler/fortunately-economists-open-to-new-ways-of-thinking-are-finding-novel/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [If people just put away what's left at the end of the month, that's a recipe for failure.](https://sms4smile.com/quotes/richard-thaler/if-people-just-put-away-what-s-left-at-the-end-of-the-month-that-s-a/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [The wealth in many large estates has never been taxed because it is largely in the form of unrealized - therefore untaxed - capital…](https://sms4smile.com/quotes/richard-thaler/the-wealth-in-many-large-estates-has-never-been-taxed-because-it-is/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed…](https://sms4smile.com/quotes/richard-thaler/the-lesson-of-my-field-behavioral-economics-is-that-we-need-to/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else.](https://sms4smile.com/quotes/richard-thaler/i-think-behavioral-economists-don-t-have-any-more-of-an-explanation/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.](https://sms4smile.com/quotes/richard-thaler/there-are-cases-when-i-can-make-myself-better-off-by-restricting-my/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [For amateur golfers, I think one of the biggest mistakes is to model their play on professionals.](https://sms4smile.com/quotes/richard-thaler/for-amateur-golfers-i-think-one-of-the-biggest-mistakes-is-to-model/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [he card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping your card…](https://sms4smile.com/quotes/richard-thaler/he-card-companies-will-often-as-a-courtesy-honor-that-credit-card-but/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [We all need a lot of humility, and especially about the economy.](https://sms4smile.com/quotes/richard-thaler/we-all-need-a-lot-of-humility-and-especially-about-the-economy/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [Social Security may be the most beloved of all the government's programs, partly because it requires so little thinking. You pay taxes while you…](https://sms4smile.com/quotes/richard-thaler/social-security-may-be-the-most-beloved-of-all-the-government-s/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [If you're trading individual securities, you're almost certainly making a mistake. Because most professional managers can't outperform their benchmarks, and there's little reason to…](https://sms4smile.com/quotes/richard-thaler/if-you-re-trading-individual-securities-you-re-almost-certainly/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [A nudge is some feature of the environment that changes the behaviour of humans but would not change the behaviour of rational economic agents,…](https://sms4smile.com/quotes/richard-thaler/a-nudge-is-some-feature-of-the-environment-that-changes-the-behaviour/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [One reason for high health care costs is that patients fail to follow their treatment regimen.](https://sms4smile.com/quotes/richard-thaler/one-reason-for-high-health-care-costs-is-that-patients-fail-to-follow/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) [Explore all 141 Richard Thaler quotes ](https://sms4smile.com/quotes/author/richard-thaler/) ## More Ballgame quotes > [There's pros and cons of a big church. Cons is I don't get to know everybody, I don't get to go to their ballgame,…](https://sms4smile.com/quotes/joel-osteen/there-s-pros-and-cons-of-a-big-church-cons-is-i-don-t-get-to-know/) [Joel Osteen](https://sms4smile.com/quotes/author/joel-osteen/) > [I love doing features, but it's a very different ballgame. Sometimes I yearn for short films again, working with a small team, getting my…](https://sms4smile.com/quotes/nick-park/i-love-doing-features-but-it-s-a-very-different-ballgame-sometimes-i/) [Nick Park](https://sms4smile.com/quotes/author/nick-park/) > [My deal is to understand: you trust me, I trust you. It's a two-way street. Developing that happens over time. It's hard. I look…](https://sms4smile.com/quotes/jim-mcelwain/my-deal-is-to-understand-you-trust-me-i-trust-you-it-s-a-two-way/) [Jim McElwain](https://sms4smile.com/quotes/author/jim-mcelwain/) > [People are looking for original content in many different places, as are advertisers. This takes us into a whole new ballgame.](https://sms4smile.com/quotes/jeff-zucker/people-are-looking-for-original-content-in-many-different-places-as/) [Jeff Zucker](https://sms4smile.com/quotes/author/jeff-zucker/) > [If Vin Scully calling a game is just as good in 2013 as he was in 1963, that's the way a game should sound.…](https://sms4smile.com/quotes/bob-costas/if-vin-scully-calling-a-game-is-just-as-good-in-2013-as-he-was-in/) [Bob Costas](https://sms4smile.com/quotes/author/bob-costas/) > [No other serial publications carry a number on them that is of any weight to their readership. The number is there to serve a…](https://sms4smile.com/quotes/tom-brevoort/no-other-serial-publications-carry-a-number-on-them-that-is-of-any/) [Tom Brevoort](https://sms4smile.com/quotes/author/tom-brevoort/) > [“You cannot win today's ballgame with yesterday's home runs.”](https://sms4smile.com/quotes/david-s-rosenberg/you-cannot-win-today-s-ballgame-with-yesterday-s-home-runs/) [David S. Rosenberg](https://sms4smile.com/quotes/author/david-s-rosenberg/) > [Even the slowest guy can go from first to third and help win a ballgame.](https://sms4smile.com/quotes/rickey-henderson/even-the-slowest-guy-can-go-from-first-to-third-and-help-win-a/) [Rickey Henderson](https://sms4smile.com/quotes/author/rickey-henderson/) > [I would always sing it (Take Me Out To The Ballgame) because I think it's the only song I knew the words to.](https://sms4smile.com/quotes/harry-caray/i-would-always-sing-it-take-me-out-to-the-ballgame-because-i-think-it/) [Harry Caray](https://sms4smile.com/quotes/author/harry-caray/) > [I would have liked having children to some degree, but frankly I haven't got the time to take the kids to the goddamn ballgame.…](https://sms4smile.com/quotes/albert-ellis/i-would-have-liked-having-children-to-some-degree-but-frankly-i-haven/) [Albert Ellis](https://sms4smile.com/quotes/author/albert-ellis/) > [Bollywood is a whole new ballgame.](https://sms4smile.com/quotes/saba-qamar/bollywood-is-a-whole-new-ballgame/) [Saba Qamar](https://sms4smile.com/quotes/author/saba-qamar/) > [The crowd makes the ballgame.](https://sms4smile.com/quotes/ty-cobb/the-crowd-makes-the-ballgame/) [Ty Cobb](https://sms4smile.com/quotes/author/ty-cobb/) > [I felt what I almost always feel when I am watching a ballgame: Just for those two or three hours, there is really no…](https://sms4smile.com/quotes/roger-angell/i-felt-what-i-almost-always-feel-when-i-am-watching-a-ballgame-just/) [Roger Angell](https://sms4smile.com/quotes/author/roger-angell/) > [It's a beautiful day for a ballgame... Let's play two!](https://sms4smile.com/quotes/ernie-banks/it-s-a-beautiful-day-for-a-ballgame-let-s-play-two/) [Ernie Banks](https://sms4smile.com/quotes/author/ernie-banks/) > [My mindset is to really try and keep it simple and every single time I go out there, I want to put us in…](https://sms4smile.com/quotes/max-fried/my-mindset-is-to-really-try-and-keep-it-simple-and-every-single-time/) [Max Fried](https://sms4smile.com/quotes/author/max-fried/) [Browse all 71 Ballgame quotes ](https://sms4smile.com/quotes/about/ballgame/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "One simple step firms can take is make sure that people that are getting paid a lot of money, say more than a million or two, that a big chunk of that money is deferred. That's going to change the whole ballgame.", "creator": { "@type": "Person", "name": "Richard Thaler" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/richard-thaler/one-simple-step-firms-can-take-is-make-sure-that-people-that-are/", "about": { "@type": "Thing", "name": "Ballgame" }, "@id": "https://sms4smile.com/quotes/richard-thaler/one-simple-step-firms-can-take-is-make-sure-that-people-that-are/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/66d/richard-thaler-3060_ballgame_one-simple-step-firms-can-take-is-make-s_3040782.png", "contentUrl": "https://sms4smile.com/quotes/i/66d/richard-thaler-3060_ballgame_one-simple-step-firms-can-take-is-make-s_3040782.png", "url": "https://sms4smile.com/quotes/i/66d/richard-thaler-3060_ballgame_one-simple-step-firms-can-take-is-make-s_3040782.png", "width": 1080, "height": 1080, "caption": "“One simple step firms can take is make sure that people that are getting paid a lot of money, say more than…” — Richard Thaler", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Richard Thaler", "item": "https://sms4smile.com/quotes/author/richard-thaler/" }, { "@type": "ListItem", "position": 4, "name": "One simple step firms can take...", "item": "https://sms4smile.com/quotes/richard-thaler/one-simple-step-firms-can-take-is-make-sure-that-people-that-are/" } ], "@id": "https://sms4smile.com/quotes/richard-thaler/one-simple-step-firms-can-take-is-make-sure-that-people-that-are/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```