Quotes About Wealth

Excerpt from Cracking the Safe: Thus what the world calls good business is only a way To gather up the loot, pack it, make it secure In one convenient load for the more enterprising thieves. Who is there, among those called smart, Who does not spend his time amassing loot For a bigger robber than himself?

Culture attracts the worst impulses of the moneyed, it has no honor, it begs to be suburbanized and corrupted.

Maxine recoils, only partly out of the classic accountant's allergy to real folding money

Dick" Counterfly had absquatulated swiftly into the night, leaving his son with only a pocketful of specie and the tender admonition, "Got to 'scram

Children who drank the milk from the dairy cows who grazed nearby were found leaning against telegraph poles listening to the traffic speeding by through the wires above their heads, or going off to work in stockbrokers' offices where, unsymmetrically intimate with the daily flow of prices, they were able to amass fortunes before anyone noticed.

his habits and appearance required strangers to alter their conception of an aristocrat to one who can afford to be himself.

The question is not what anybody deserves. The question is who is to take on the God-like role of deciding what everybody else deserves. You can talk about "social justice" all you want. But what death taxes boil down to is letting politicians take money from widows and orphans to pay for goodies that they will hand out to others, in order to buy votes to get reelected. That is not social justice or any other kind of justice.

Among the many other questions raised by the nebulous concept of "greed" is why it is a term applied almost exclusively to those who want to earn more money or to keep what they have already earned—never to those wanting to take other people's money in taxes or to those wishing to live on the largesse dispensed from such taxation. No amount of taxation is ever described as "greed" on the part of government or the clientele of government.

As in the general society, fertility tends to be greatest where people are poorest: "The rich get richer, and the poor have children." In

Although the word 'economy' may bring the term money to the minds of many, the truth is that for the whole of society money is nothing more than an artificial instrument that allows real things to be done, otherwise , the government could make us all rich simply by printing more bills. It is not money but the volume of goods and services that determines whether a country is poor or prosperous.

The initial wealth of a group and its time of arrival are obviously important, as many wealthy "old families " show, but the Jews arrived late and penniless in the nineteenth century and are now more affluent than any other ethnic group.

The fact that work is cheaper in Dubai than in Japan is not just a fluke. Work is more productive in richer countries. That is one of the reasons these countries are generally more prosperous. Selling used equipment from rich countries to poor countries can be an efficient way to handle the situation for both types of countries.

Flood conditions can be detected sooner and evacuations begun and carried out more quickly where there are ample resources to produce all the cars, planes, and other vehicles needed to move huge numbers of people out of danger. All these things are made possible by the material wealth which is often treated so disdainfully by those promoting "safety." But to kill the goose that lays the golden egg is, in effect, to kill people.

Among the many other questions raised by the nebulous concept of "greed" is why it is a term applied almost exclusively to those who want to earn more money or to keep what they have already earned—never to those wanting to take other people's money in taxes or to those wishing to live on the largess dispensed from such taxation.

Piketty's crucial misstep is verbally converting a fluid process over time into a rigid structure, with a more or less permanent top one percent living isolated from the rest of society that is supposedly subjected to their control or influence. It is a vision divorced from demonstrable facts, however consonant it may be with prevailing preconceptions.

Eventually, however, the fact that many once-poor places like Hong Kong, South Korea, and Singapore achieved prosperity through freer international trade and investment became so blatant and so widely known that, by the end of the twentieth century, the governments of many other countries began abandoning their zero-sum view of economic transactions.

Confiscating physical wealth for the purpose of redistribution is confiscating something that will be used up over time, and cannot be replaced without the human capital that created it. Nor is human

In other words, the loss of freedom as the reach and power of the government are increasingly extended is an issue kept off the agenda by redefining words. Moreover, government-provided benefits are not net benefits to society, because the government simply transfers wealth, rather than creating it.

Here the poor are a means to an end. These kinds of leftists show remarkably little interest in the creation of wealth, which has raised living standards for the poor, as compared to their obsession with redistribution, which has not. These kinds of leftists concentrate on inequalities that can be dealt with by turning money and power over to people like themselves. These kinds of leftists will never desert the cause that serves them so well, no matter how badly it serves others.

when the monetary value of output per capita in Nigeria is less than 2 percent of that in the United States-and in Tanzania less than 1 percent°~-that clearly cannot all be due to exchange rates.

Table 6.1 Median Family Income of Ethnic Groups in the United States, Ranked by Percentage of the National Average, 1969 Jewish 172% Japanese 132% Polish 115% Chinese 112% Italian 112% German 107% Anglo-Saxon 105% Irish 103% National Average 100% Filipino 99% West Indian 94% Cuban 80% Mexican 76% Puerto Rican 63% Black 62% Indian (American) 60%

Since democratic elections are always held in the short term, politicians have every incentive to extract as much wealth as possible from the fixed capital under their jurisdiction, whether through taxes, the imposition of charges on property or of the expropriation. Only public awareness of the long-term consequences can limit this form of exploitation.

Puesto en términos diferentes, el lucro es el precio que se paga por la eficiencia. Claramente, el incremento de la eficiencia debe ser mayor que el lucro, o de lo contrario el socialismo habría provocado, en la práctica, precios más asequibles y mayor prosperidad, como sus teóricos esperaban, pero esto último nunca se materializó en el mundo real.

Muchos, incluso hoy, atribuyen con frecuencia el alto nivel de ganancias a los altos precios cobrados por personas motivadas por la «avaricia». La realidad, sin embargo, es que la mayoría de las grandes fortunas de la historia estadounidense ha resultado de la capacidad de alguien para reducir costes, y al mismo tiempo cobrar precios más bajos y por tanto ganar un mercado masivo para su producto.