Quote by Meg Whitman

Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen's compensation, health care benefits, welfare, you name it.

Because what happens is, as the economy suffers, tax revenue

Summary

This quote highlights the impact of economic downturns on government finances. It explains that when the economy suffers, tax revenues decrease. Unlike businesses where costs can be adjusted, government expenses (such as unemployment insurance, workmen's compensation, healthcare benefits, and welfare) tend to increase during these times. This suggests that during economic hardships, governments face the challenge of balancing declining revenues with rising variable costs, putting further strain on their financial resources.

Topics

Health

By Meg Whitman

Liked the quote? Share it with your friends.

Random Quotations

Jesus Christ, the condescension of divinity, and the exaltat

Jesus Christ, the condescension of divinity, and the exaltation of humanity.

Phillips Brooks

Christianity

I count him braver who overcomes his desires than him who ov

I count him braver who overcomes his desires than him who overcomes his enemies.

Philosophy Ethics Self Discovery

Most maxim-mongers have preferred the prettiness to the just

Most maxim-mongers have preferred the prettiness to the justness of a thought, and the turn to the truth; but I have refused myself to everything that my own experience did not justify and confirm.

Lord Chesterfield

Proverbial Wisdom

Observing your thoughts, feelings

Observing your thoughts, feelings

Education Meditation Inspirational Psychology

Here at great expense,' [Colonel Groves] moaned to Oppenheim

Here at great expense,' [Colonel Groves] moaned to Oppenheimer, 'the government has assembled the world's largest collection of crackpots.

Science Physics Military Manhatttan Project World War Two

A man's conscience and his judgment is the same thing; and a

A man's conscience and his judgment is the same thing; and as the judgment, so also the conscience, may be erroneous.

Conscience

I'm not terribly happy about rock and roll. Certain rock mus

I'm not terribly happy about rock and roll. Certain rock music is uninspiring, numbing it makes you feel like an idiot.

Music

And if there were a God, I think it very unlikely that He wo

And if there were a God, I think it very unlikely that He would have such an uneasy vanity as to be offended by those who doubt His existence.

Bertrand Russell

Religion

But there is something about human beings that too often mak

But there is something about human beings that too often makes our love for the world look very much like hatred for it.

Marilynne Robinson

Love Hate World

We believe that it is possible for scientific work to gain s

We believe that it is possible for scientific work to gain some knowledge about the reality of the world, by means of which we can increase out power and in accordance with which we can arrange our life. If this belief is an illusion, then we are in the same position as you. But science has given us evidence by its numerous and important successes that it is no illusion.

Religion Science Illusion Freud

Beauty is the first present nature gives to women and the fi

Beauty is the first present nature gives to women and the first it takes away.

Beauty

I'm noticing a new approach to art making in recent museum a

I'm noticing a new approach to art making in recent museum and gallery shows. It flickered into focus at the New Museum's 'Younger Than Jesus' last year and ran through the Whitney Biennial, and I'm seeing it blossom and bear fruit at 'Greater New York,' MoMA P.S. 1's twice-a-decade extravaganza of emerging local talent.

Art