Popular quotes about Capital! Wisdom and inspiration are here! | page 89
If, for example, each of us had the same share of capital in the national total capital, then if the share of capital goes up it's not a problem, because you get as much as I do. The problem is that capital in capitalist countries is very heavily concentrated, especially financial capital. So then if the share of income from that source goes up, that actually exacerbates inequality.
Branko MilanovicThere are but three political-economic roads from which we can choose... We could take the first course and further exacerbate the already concentrated ownership of productive capital in the American economy. Or we could join the rest of the world by taking the second path, that of nationalization. Or we can take the third road, establishing policies to diffuse capital ownership broadly, so that many individuals, particularly workers, can participate as owners of industrial capital. The choice is ours.
Russell B. LongThe tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth of the economy.
John F. KennedyI don't want to overvalue Donald Trump as some historical rupture, and to admit that I do think Trump is an indication of a fairly profound change. But the change started a while ago, and it has taken a while to appear. Global capital, particularly western capital, has been in decline since the late 60s and early 70s. The softness appeared in the 60s, the profit rate fell off the table in 1972 - 73, and there have been very uneven recoveries. This has been an ongoing weakening of the productive economy of accumulation at a global scale, of capital's capacity to expand.
Joshua CloverIt doesn't make any difference if you are in favor of capital punishment or if you are opposed to capital punishment. The fact of the matter is that as a viable penalty, capital punishment does not work at this time and has not worked in the State of Florida for many, many years.
Gerald KoganI think the money for the solutions for global poverty is on Wall Street. Wall Street allocates capital. And we need to get capital to the ideas that are successful, whether it's microfinance, whether it's through financial literacy programs, Wall Street can be the engine that makes capital get to the people who need it.
Kabir Sehgalcapital is the result of saving, and not of spending. The spendthrift who wastes his substance in riotous living decreases the capital of the country, and therefore the excuse often made for extravagance, that it is good for trade, is based upon false notions respecting capital.
Millicent FawcettLabor is superior to capital and precedes capital. Without labor, there is no capital.
Abraham LincolnThe purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.
Louis O. KelsoIt is significant that, as innocent babies are killed, and capital punishment is withheld from their murderers, the same men who plead for the murderer's life also demand the โrightโ to abortion. Usually, the same picketers that carry a sign one day, โAbolish Capital Punishment,โ also carry โLegalize Abortionโ another day. When this is called to their attention, their answer is, โThere is no contradiction involved.โ They are right: the thesis is โcondemn the innocent and free the guilty.
R.J. RushdoonyHistory does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.
Ludwig von MisesI am a libertarian with a small "l" and a Republican with a capital "R". And I am a Republican with a capital "R" on grounds of expediency, not on principle.
Milton FriedmanLabor in this country is independent and proud. It has not to ask the patronage of capital, but capital solicits the aid of labor.
Daniel WebsterThere's a lot of disputes around the world, a lot of territorial conflicts around the world. But Israel is the only country in the world whose capital is not recognized. I don't think the United States recognizing Jerusalem as a capital will prevent any sort of peace agreement from happening in the future. It's not actually a sensible argument. What it will do is it will right a historic wrong. Something that should have happened 69 years ago will finally happen. And then we have to get about the process of trying to advance peace between the parties.
Ron DermerThe natural capital is not income, but we spend our natural capital as if it were revenue, as if it were going to come back next year without any problems, whereas these renewals in nature can take hundreds of years.
Susan GeorgeSome of us claim that New York City is the capital of the country, indeed the capital of the world. Now, that may be a bit much for those who don't come from New York, but clearly we are an important city for reasons of our cultural advantages.
David DinkinsCompanies are returning a lot of money to shareholders through dividends and buybacks. And a lot of people say that's not a good use of capital. I think that's normal reallocation of capital.
Jamie DimonLearn to raise capital by any means necessary. That's your primary job as an entrepreneur. You must continually raise capital from family and friends, banks, suppliers, customers and investors.
Richard BransonIn America right now, we use words like 'smart' to talk about bombs. American rhetoric is grounded in ideas of capital-G Good, capital-E Evil, and it's very clear who is on which side. But in a book you can do just the opposite. You can use all lower-case words.
Jonathan Safran FoerPage, Arizona, Shithead Capital of Coconino County: any town with thirteen churches and only four bars has got an incipient social problem. That town is looking for trouble.
Edward AbbeyIf you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.
Lawrence SummersRecently the country has seen too much of our legislators, seeing them as a gaggle of check-kiting, judge-smearing deadbeats who don't pay their restaurant bills but raise their pay in the middle of the night. Many Americans-this columnist included-hitherto said tax increases are justified by the budget deficit now say: Give that mob more money? Never. Not a nickel of new taxes until term limits change the political culture on Capital Hill.
George WillThe secret to living in the rush of the world with a minimum of pain is to get as many people as possible to string along with your delusions; the trick to living alone up here, away from all agitating entanglements, allurements, and expectations, apart especially from one's own intensity, is to organize the silence, to think of its mountaintop plenitude as capital, silence as wealth exponentially increasing. The encircling silence as your chosen source of advantage and your only intimate.
Philip RothFor all great innovations, someone took a risk. They risked capital; they risked their energy; they risked their opportunity cost; and more important, they risked failure. We can't innovate without the belief that we can succeed, the confidence that others will be there to help us on the journey, and the security that we will not be punished if we fail to reach our goal. A fast-moving world demands innovation for long-term success.
Dov Seidman[T]he State . . . gives idle capital the power of increase, and, through interest, rent, profit, and taxes, robs industrious labor of its products.
Benjamin TuckerAt the end of the day, capital is a coward. It's going to flee from wherever it perceives risk to be present in the marketplace.
Jon Huntsman, Jr.My urgent advice to you would be, not only always to think first of America, but always, also, to think first of humanity. You do not love humanity if you seek to divide humanity into jealous camps. Humanity can be welded together only by love, by sympathy, by justice, not by jealousy and hatred. I am sorry for the man who seeks to make personal capital out of the passions of his fellowmen. He has lost touch with the ideal of America. For America was created to unit mankind.
Woodrow WilsonThe unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.
Ludwig von MisesIf we could do away with death, we wouldn't object; to do away with capital punishment will be more difficult. Were that to happen, we would reinstate it from time to time.
Johann Wolfgang von GoetheI believe that the truth with a capital T is at the center of all the great religious teachings.
Marianne WilliamsonThe simple reason that most people fail financially is not because of the lack of a plan, itโs not because of good advice, itโs not even because of a lack of capital. It is for one reasonโthey attach more pain to the idea of having money, than NOT having it.
Tony RobbinsI started by saying that one of the most fateful errors of our age is the belief that the problem of production has been solved. This illusion, I suggested, is mainly due to our inability to recognize that the modern industrial system, with all its intellectual sophistication, consumes the very basis on which is has been erected. To use the language of the economist, it lives on irreplaceable capital which it cheerfully treats as income.
E. F. SchumacherA prose writer gets tired of writing prose, and wants to be a poet. So he begins every line with a capital letter, and keeps on writing prose.
Samuel McChord CrothersI was originally supposed to become an engineer but the thought of having to expend my creative energy on things that make practical everyday life even more refined, with a loathsome capital gain as the goal, was unbearable to me.
Albert EinsteinPrivate property works like circuitry in electronics, or piping in hydraulics. It conveys wages to the owners of labor power, as well as the various forms of nonwage property income to the owners of capital. In itself, it is no more responsible for maldistribution of purchasing power than the science of bookkeeping is responsible for bankruptcy.
Louis O. KelsoIn my 35 years in the army I was in school for 6 years. I think corporations should take a look at whether they are investing enough in the development of their human capital.
Colin PowellI still need more healthy rest in order to work at my best. My health is the main capital I have and I want to administer it intelligently.
Ernest HemingwayFor price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.
David RicardoNobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.
Michael HudsonAmerica is the greatest engine of innovation that has ever existed, and it can't be duplicated anytime soon, because it is the product of a multitude of factors: extreme freedom of thought, an emphasis on independent thinking, a steady immigration of new minds, a risk-taking culture with no stigma attached to trying and failing, a noncorrupt bureaucracy, and financial markets and a venture capital system that are unrivaled at taking new ideas and turning them into global products.
Thomas FriedmanThe West is supporting, even financing the right-wing media, it is financing 'the opposition', encourages capital flight of billions of dollars, works closely with the local 'elites' to create 'deficits', 'uncertainty' and despair. It creates corruption scandals, and it even supports fake 'left' anti-government movements. And of course it is training and corrupting some key military cadres.
Andre VltchekPrayer is a practical strategy, the gaining of temporal advantage in the capital markets of Sin and Remission.
Don DeLilloIn Santiago, the capital of the kingdom of Chile, at the moment of the great earthquake of 1647 in which many thousands lost their lives, a young Spaniard called Jeronimo Rugera was standing beside one of the pillars in the prison to which he had been committed on a criminal charge, and he was about to hang himself.
Heinrich von KleistWhen people are in a workplace where it's possible to organize and engage in labor actions, that's how they fight, and it can be very effective. When people are not in that situation, they fight in other ways. They fight in the marketplace. One need only notice that there's been a meaningful shift in where people are over the last thirty, or fifty years from traditional productive industries toward a kind of work that involves circulation of capital and products, and toward unemployment. People who are in that situation are unlikely to fight somewhere else.
Joshua CloverThe opening of a foreign trade, by making them acquainted with new objects, or tempting them by the easier acquisition of things which they had not previously thought attainable, sometimes works a sort of industrial revolution in a country whose resources were previously undeveloped for want of energy and ambition in the people: inducing those who were satisfied with scanty comforts and little work, to work harder for the gratification of their new tastes, and even to save, and accumulate capital, for the still more complete satisfaction of those tastes at a future time.
John Stuart MillBoys are capital fellows in their own way, among their mates; but they are unwholesome companions for grown people.
Charles LambCanada may be fast-forwarding, jump starting, into a new pattern, a model of communication linkages, a civilization that is more than a grab for power and dominance, a place that could channel the fires of the global wirings, where political alliances are subject to electrical ebb and flow, and the alchemical cultivations of imagination and perception, of the self, could precail of the ideology of capital.
B. W. Powe