The criminal law needs to be improved to meet new forms of crime, but to denounce financial devices which are useful and legitimate because use is made of them for fraud, is ridiculous and unworthy of the age in which we live.
William Graham SumnerThe State cannot get a cent for any man without taking it from some other man, and this latter must be a man who has produced and saved it. This latter is the Forgotten Man
William Graham SumnerThe millionaires are a product of natural selection ... the naturally selected agents of society for certain work. They get high wages and live in luxury, but the bargain is a good one for society.
William Graham SumnerIf any student of social science comes to appreciate the case of the Forgotten Man, he will become an unflinching advocate of strict scientific thinking in sociology, and a hard-hearted skeptic as regards any scheme of social amelioration. He will always want to know, Who and where is the Forgotten Man in this case, who will have to pay for it all?
William Graham Sumner