Example
During the late 1900s and early 2000s, income inequality in the United States rose dramatically, and expenditure cascades occurred. During the 1980s, the income-tax structure was altered to favor top earners in regards to after-tax purchasing power.
Read more about this topic: Expenditure Cascades
Famous quotes containing the word example:
“Our intellect is not the most subtle, the most powerful, the most appropriate, instrument for revealing the truth. It is life that, little by little, example by example, permits us to see that what is most important to our heart, or to our mind, is learned not by reasoning but through other agencies. Then it is that the intellect, observing their superiority, abdicates its control to them upon reasoned grounds and agrees to become their collaborator and lackey.”
—Marcel Proust (1871–1922)