Quotes About Rich

The 400 richest Americans now have more wealth than the entire bottom half of earners—150 million Americans—put together.

All flat-tax proposals benefit the rich more than the poor for one simple reason: today's tax code is still at least moderately progressive. The rich usually pay a higher percentage of their incomes in income taxes than do the poor. A flat tax would eliminate that slight progressivity.

The richest 5 percent of Americans spend only about half of what they earn, which isn't surprising. Being rich means you've got just about everything you want and need.

It's scandalous that the four hundred richest Americans should pay an average of 17 percent tax on their incomes, a rate lower than that paid by many in the middle class.

These developments were not due to a conspiracy among the rich nor simply to colonialism (although it played a role). They were the result of one of the fundamental principles of economics – comparative advantage.

There is nothing like a good book to put you to sleep with the illusion that life is rich and meaningful.

On the contrary, Mr. Wiggin. The tax laws are designed to trick people into paying more than they have to. That way the rich who are in the know get to take advantage of drastic tax breaks, while those who don't have such good connections and haven't yet found an accountant who does are tricked into paying ludicrously higher amounts. I, however, know all the tricks.

Rich people acquire assets. The poor and the middle class acquire liabilities that they think are assets.

Soon there will be such a horrifying gap between the rich and the poor that chaos will break out and another great civilization will collapse.

You cannot teach a poor person to be rich until they change their context. Teaching a person with poor or middle class person's context is a waste of time…and it does annoy them.

Employees earn and get taxed, and they try to live on what is left. A corporation earns, spends everything it can, and is taxed on anything that is left. It's one of the biggest legal tax loopholes that the rich use.

One of the reasons the rich get richer is that they buy more investments by taking advantage of the tax laws. In essence, the money that would have been paid in taxes is used to buy additional assets, which provide another deduction against income, which reduces the taxes due, legally.

The fear of losing money is real. Everyone has it. Even the rich. But it's not having fear that is the problem. It's how you handle fear. It's how you handle losing. It's how you handle failure that makes the difference in one's life. The primary difference between a rich person and a poor person is how they manage that fear.

You have the choice every day whether to be rich, poor or middle class. Your spending habits reflect who you are. The poor have poor spending habits.

A network? So if I want to become rich, I need to learn how to build a business network?" I queried.

The fear of losing money is real. Everyone has it. Even the rich. But it's not having fear that is the problem.

One is time, which is your most precious asset. The second is learning. Having no money should not be an excuse to not learn. But that is a choice we all make daily: the choice of what we do with our time, our money, and what we put in our heads. That is the power of choice. All of us have choice. I just choose to be rich, and I make that choice every day.

Rich people acquire assets. The poor and middle class acquire liabilities

My rich dad just played the game smart, and he did it through corporations—the biggest secret of the rich.

The poor and middle class work for money," he would say. "The rich make money. The more real you think money is, the harder you will work for it. If you can grasp the idea that money is not real, you will grow richer faster.

The rich buy assets. •?The poor only have expenses. •?The middle class buy liabilities they think are assets.

Tax laws encourage the rich to invest in real estate.

A corporation is merely a legal document that creates a legal body without a soul. Using it, the wealth of the rich was once again protected. It was popular because the income-tax rate of a corporation is less than the individual income-tax rates. In addition, certain expenses could be paid by a corporation with pre-tax dollars.

rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.