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The distribution of wealth is even more unequal than that of income. ...The wealthiest 5% of American households held 54% of all wealth reported in the 1989 survey. Their share rose to 61% in 2010 and reached 63% in 2013. By contrast, the rest of those in the top half of the wealth distribution ยfamilies that in 2013 had a net worth between $81,000 and $1.9 million ยheld 43% of wealth in 1989 and only 36% in 2013.
Janet YellenThink of yourself as a container for wealth. If your container is small and your money is big, what's going to happen? You will lose it. Your container will overflow and the excess money will spill out all over the place. You simply cannot have more money than the container. Therefore you must grow to be a big container so you cannot only hold more wealth but also attract more wealth. The universe abhors a vacuum and if you have a very large money container, it will rush in to fill the space.
T. Harv EkerI think we'll start defining wealth and success differently and develop new approaches to consumption. Things that have always signified wealth and security - home ownership, new cars, luxury goods - have become a burden for many people and will be replaced by more experiential consumption like travel and recreation, self-improvement, and so on. By divesting themselves of certain big-ticket possessions that have been keeping them tied down, people will gain a new freedom to live more meaningful lives. Changes in consumption and lifestyle are key to Great Resets.
Richard FloridaIf our economic system is to survive, there has to be a better distribution of wealth ... we can't have a system where some people live in superfluous, inordinate wealth, while others live in abject deadening poverty.
Martin Luther King, Jr.Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution.
Stephen HawkingI believe that science is the engine of prosperity, that if you look around at the wealth of civilization today, it's the wealth that comes from science.
Michio KakuWhen it is established that government by right can take wealth from some and give it to others. When a society establishes criminals-by-right and looters-by-law, men will use force to seize the wealth of disarmed victims. Such looters believe it safe to rob defenseless men, once they have passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the pickpocket.
Ayn RandWith all thy getting, get understanding, is the banner under which these Forbes editorials have appeared since the first issue of the publication. We have no illusions about what great wealth can do and what it cannot do. We believe in the worthwhileness of striving by all worthy means to attain success and to attain wealth. Simply because we are convinced that no amount of money is worth the sacrifice of one's better instincts, of one's self-respect-of one's soul, if you wish-simply because we are convinced that riches not gained legitimately and decently are not worth having.
B. C. ForbesVladimir Putin is the wealthiest man on the planet, for sure. But this is different to the wealth of a Bill Gates or a Warren Buffett, a Carlos Slim or a Sergey Brin. They stay wealthy whether it is Barack Obama or Donald Trump in power. Putin's wealth depends on him staying in power. It is all about controlling the budget, the hard currency reserves and keeping under his thumb the oligarchs who cannot move their money without his permission. It is something close to a trillion dollars that he can control and move.
Garry KasparovIt is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.
John Maynard KeynesGovernment has no wealth, and when a politician promises to give you something for nothing, he must first confiscate that wealth from you -- either by direct taxes, or by the cruelly indirect tax of inflation.
John Wayne[Barack] Obama, for example, he has not given up on cap-and-trade. Now, he has not been able to pass cap-and-trade, but cap-and-trade is all about redistribution of wealth in a global basis - taking money out of this country and giving it to third-world countries on the other end of the ocean. And that is redistribution of wealth in a global basis. It's fundamental Marxism.
Rafael CruzThe lust of avarice as so totally seized upon mankind that their wealth seems rather to possess them than they possess their wealth.
Pliny the Elderthe possession of wealth, and especially the inheritance of wealth, seems almost invariably to sterilize genius.
Beatrice WebbHow can the physique be braced if no fresh breath from the outer world is suffered to permeate the languid, enervating air of thedrawing-room? How can the grasp of the mind be vigorous, without action? Daughters of inherited wealth, or accumulated labor! the wide door of philanthropy is open peculiarly to you! Your life-work lies beyond your threshold: your wealth has placed you above the sorrowful struggle for daily bread which takes up the whole time of so many of your brothers and sisters. You are the almoners of God. A double accountability is yours.
Harriot Kezia HuntThose who have not found their true wealth, which is the radiant joy of Being and the deep, unshakable peace that comes with it, are beggars, even if they have great material wealth.
Eckhart TolleI would like to say something just about the Mexican people. It is a population that has a wealth, such great wealth, a people that surprises.
Pope FrancisNo man is any the worse off because another acquires wealth by trade, or by the exercise of a profession; on the contrary, he cannot have acquired his wealth except by benefiting others to the extent of what they considered to be its value.
Thomas HuxleyThe initial motivation of the experiment which led to this discovery was a subconscious feeling for the inexhaustible wealth of nature, a wealth that goes far beyond the imagination of man.
Bruno RossiThose who have not found their true wealth, which is the radiant joy of Being and the deep, unshakable peace that comes with it, are beggars, even if they have great material wealth. They are looking outside for scraps of pleasure or fulfillment, for validation, security, or love, while they have a treasure within that not only includes all those things but is infinitely greater than anything the world can offer.
Eckhart TolleThe truth is that you are nothing more than the custodian of your inner and outer wealth while you are on this planet. All you have to decide is what kind of custodian do you want to be? Do you want to be a good custodian of your inner and outer wealth? Or a bad custodian?
Suze OrmanIncrease in the wealth per capita fosters democracy; but the latter, at least according to what we have been able to observe up to now, entails great destruction of wealth and even eventually dries up the sources of it. Hence it is its own grave-digger, it destroys what gave it birth.
Vilfredo ParetoHow can wealth persuade poverty to use its political freedom to keep wealth in power? Here lies the whole art of Conservative politics in the twentieth century.
Aneurin BevanThose who want to "spread the wealth" almost invariably seek to concentrate the power. It happens too often, and in too many different countries around the world, to be a coincidence. Which is more dangerous, inequalities of wealth or concentrations of power?
Thomas SowellWhat I know for sure is that it's only when you make the process your goal that the big dream can follow. That doesn't necessarily mean your process will necessarily lead you to wealth or fame. In fact, your dream may have nothing to do with tangible prosperity and everything to do with creating a life filled with joy, one with no regrets and a clear conscience. I've learned that wealth is a tool that gives you choices, but it can't compensate for a life not fully lived and it certainly can't create a sense of peace within you.
Oprah WinfreyThe market economy is very good at wealth creation but not perfect at all about wealth distribution.
Jonathan SacksWhat is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable.
Michael NovakIt is easy to understand that the nearer we live to the source of wealth, the more wealth we shall receive.
Wallace D. WattlesWherever the appearance of a conventional aristocracy exists in America, it must arise from wealth, as it cannot from birth. An aristocracy of mere wealth is vulgar everywhere. In a republic, it is vulgar in the extreme.
Harriet MartineauCapitalism is like math. It is amoral. It is good at producing wealth; it's bad at distributing wealth. Unless it operates within a moral framework it will produce an unjust society.
Charley ReeseThe day is not far distant when the man who dies leaving behind him millions of available wealth, which was free for him to administer during life, will pass away unwept, unhonored, and unsung, no matter to what uses he leave the dross which he cannot take with him. Of such as these the public verdict will then be: The man who dies thus rich dies disgraced. Such, in my opinion, is the true gospel concerning wealth, obedience to which is destined some day to solve the problem of the rich and the poor.
Andrew CarnegieAs mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth ... to provide men with buying power. ... Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth. ... The other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped.
Marriner Stoddard EcclesIn our society, the best predictor of a man's wealth is his wife's looks, and the best predictor of a woman's looks is her husband's wealth.
Steven PinkerToday, we live in a world of incredible wealth and technology, alongside the most horrendous conditions of poverty, war and environmental crisis. This is result of capitalism, a system based on prioritizing profits not human need where the wealth is concentrated in the hands of a capitalist elite.
Kshama SawantIn the late 1980s, Soviets were allowed to keep the wealth they created by raising vegetables on their garden plots. Although these plots composed only about 2% of the agricultural lands in the Soviet Union, they produced 25% of the food! When Soviets kept the wealth they created, they produced almost 16 times more than when it was taken from them at gunpoint, if necessary!
Mary RuwartBaal-hamon, one of Baal's names, means "the lord of wealth or abundance." Chuck Pierce believes, and I agree, that this is the principality warring against the great transfer of wealth to the Church. You must war against this spirit to see your inheritance released. Claim Jeremiah 51:44 (Bel in this verse is Baal).
Dutch SheetsThere's no question that how Johannesburg operates is what made me interested in the idea of wealth discrepancy. 'Elysium' could be a metaphor for just Jo'burg, but it's also a metaphor for the Third World and the First World. And in science fiction, separation of wealth is a really interesting idea to mess with.
Neill BlomkampThe wealth gathered by Jamsetji Tata and his sons in half a century of industrial pioneering formed but a minute fraction of the amount by which they enriched the nation. The whole of that wealth is held in trust for the people and used exclusively for their benefit. The cycle is thus complete; what came from the people has gone back to the people many times over.
J. R. D. TataNations are political and military entities, and so are blocs of nations. But it doesn't necessarily follow from this that they are also the basic, salient entities of economic life or that they are particularly useful for probing the mysteries of economic structure, the reasons for rise and decline of wealth. Indeed, the failure of national governments and blocs of nations to force economic life to do their bidding suggests some sort of essential irrelevance.
Jane JacobsPrior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.
Walter E. WilliamsI think the basis - the foundation - has already been laid for a society where people will work together and enjoy the wealth of the whole nation together. I think this will be accomplished because this is the theme of the revolutionary government's program.
Huey NewtonEven as the unborn babe is in the womb of his mother, these five are fixed as his life destiny: his life span, his activities, his acquisition of wealth and knowledge, and his time of death.
ChanakyaWe have been preserved, these many years, in peace and prosperity. We have grown in numbers, wealth and power, as no other nation has ever grown. But we have forgotten God. We have forgotten the gracious hand which preserved us in peace, and multiplied and enriched and strengthened us; and we have vainly imagined, in the deceitfulness of our hearts, that all these blessings were produced by some superior wisdom and virtue of our own. Intoxicated with unbroken success, we have become too self sufficient to feel the necessity of redeeming and preserving Grace, too proud to pray to the God that made us!
Abraham LincolnTaking from others never results in prosperity. If we steal from others, life will steal from us. There is an incredible abundance on this planet. True prosperity begins with feeling good about yourself and about the choices you make. Life is here for us. Life is here to support us in every way. We give out, we get back. Honesty is the rarest wealth anyone can possess, and yet all the honesty in the world ain't lawful tender for a loaf of bread.
Josh BillingsThe metal of economic theory is in Marx's pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own.
Joseph A. SchumpeterIn the end, the only events of my life worth telling are those when the imperishable world erupted into this transitory one All other memories of travels, people and my surroundings have paled beside these interior happenings But my encounters with the 'other' reality, my bouts with the unconscious, are indelibly engraved on my memory. In that realm there has always been wealth in abundance, and everything else has lost importance by comparison.
Carl Jung