"These guys [liberals] will never tire of spending our money and will never hold themselves accountable for their boondoggles. For them the failure of $5 trillion to eradicate poverty simply means that we haven't spent enough money. Ditto with education. The solution is always more money. No amount of empirical evidence will shake their socialist theology."

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The richer people, when they get another $100,000, or another million, or 10 million, don't tend to spend it as much as the poorer people would if they got another $100 or $1,000 or $5,000. All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.

— Adair Turner, Baron Turner of Ecchinswell