Quotes About Wealth

Meritocracy is all about positive liberty, about the endeavour to perfect humanity and create an earthly paradise. It's not afraid of legitimate authority – authority exercised in the interests of all. It's wholly opposed to privilege, excessive wealth, dynastic rule, inheritance and anyone seeking power in order to serve his own self-interest and particular will rather the interests of all and the General Will.

Meritocracy is based on the absolute destruction of the rigged race of life, via the introduction of 100% inheritance tax, i.e. an overwhelming advantage can no longer be passed on by rich parents to their children. All children, no matter the wealth of their parents, must begin at the same starting line as everyone else. No parent can rig the race. The 1% can no longer dictate the outcome of the race

Our whole lives, Jefferies said, are wasted traveling in endless small circles; we are all "chained like a horse to an iron pin in the ground." The richest person, Jefferies believed, is the one who works least. "Idleness," he wrote, "is a great good." For Jefferies, like

As royalty, celebrities and the rich have always known, a smile is the most subtle and satisfying way of shitting on the inferior.

Kapitalizmin en ba?ar?l? güven numaralar?ndan biri herkesin milyoner olabilece?i yan?lsamas?n? yayabilmesidir. Oysa zirvede sadece birkaç ki?iye yer vard?r ve zirvede yer alabilecek beceriye çok az ki?i sahiptir.

But despite their poverty and their lack of material resources, food, housing, and so forth, the poor do have an enormous wealth in their knowledges and powers of creation.

We give more economic aid to multinational corporations to increase their profits than we do to all the countries in the world combined.

The measure of a country's prosperity should not be how many poor people drive cars, but how many affluent people use public transportation.

The quickest way to double your money is to fold it in half and put it back in your pocket.

A bank is a place that will lend you money if you can prove that you don't need it.

Junk Economics is the cover story for all this. Claiming to be scientific, it is sponsored by financial interests to redistribute income and wealth upward, reversing the policies urged by the 19th-century classical economists and Progressive Era reformers. Instead of progressive taxation, this ideology advocates shifting taxes off the One Percent onto the 99 Percent.

it is possible to cause more trouble with a rouble than with a club; it is only political economy that does not want to know it. — Leo Tolstoy, What Shall We Do Then? (1886)

So we are brought back to the fact that compound interest does not merely increase the flow of income to the rentier One Percent, but also transfers property into its hands.

History of the Great American Fortunes uncovered how many family fortunes were taken from the public domain by colonial land grants, bribery and insider dealing – and how such fortunes quickly take a financial form.

merely aimed to provide citizens with the basic minimum standard needed to be self-sustaining. Wealth accumulation was permitted and even applauded, as long as it did not disrupt the normal functioning of society at large.

Today's mainstream political and economic theories deny a positive role for government policy to constrain the large-scale concentration of wealth.

He recognizes that the inherent tendency of history is for the wealthy to win out and make society increasingly unequal. This argument also has been made by Thomas Piketty and based largely on the inheritance of great fortunes

And of course she's sad about losing her leg, but she says it's made her realise how many things she hasn't lost...it's like a millionaire who loses a thousand dollars- he's sad, but he's still not that bad off.

You have a margin of safety when you buy a stock at a price that is substantially less than its value. As Graham noted, the margin of safety "is available for absorbing the effect of miscalculations or worse than average luck.

The wealthy and powerful have rigged the system to perpetuate their privilege; the professional classes have figured out how to pass their advantages on to their children, converting the meritocracy into a hereditary aristocracy; colleges that claim to select students on merit give an edge to the sons and daughters of the wealthy and the well-connected. According to this complaint, meritocracy is a myth, a distant promise yet to be redeemed.14

Those who are greatest in civic excellence—not the wealthiest, or the most numerous, or the most handsome—are the ones who merit the greatest share of political recognition and influence.

If the only advantage of affluence were the ability to buy yachts, sports cars, and fancy vacations, inequalities

then Rawls may have a point. Even effort can't be the basis of moral desert. The claim that people deserve the rewards that come from effort and hard work is questionable for a further reason: although proponents of meritocracy often invoke the virtues of effort, they don't really believe that effort alone should be the basis of income and wealth.

If I am responsible for having accrued a handsome share of worldly goods—income and wealth, power and prestige—I must deserve them. Success is a sign of virtue. My affluence is my due.