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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 YellenThe true defense against wealth is not a fear of wealth - of its fragility and of the vicious consequences that it can bring - the true defense against wealth is an indifference to money.
Natalia GinzburgAs long as we see America and her wealth as something that we want, we will never leave Pharaoh. As God's hand touched the wealth of Pharaoh, it is now touching the wealth of America. As the Black man and woman become more awakened to the wicked machinations of government, the aim is the same today: We should never be free of their influence and power.
Louis FarrakhanIf we have not developed a reservoir of spiritual wealth, no amount of money is likely to make us happy. Spiritual wealth provides faith. It gives us love. It brings and expands wisdom. Spiritual wealth leads to happiness because it guides us into useful or loving relationships.
John TempletonThe most obvious and yet the oldest and most stubborn error on which the appeal of inflation rests is that of confusing โmoneyโ with โwealthโโฆReal wealth, of course, consists in what is produced and consumed: the food we eat, the clothes we wear, the houses we live in. It is railways and roads and motor cars; ships and planes and factories; schools and churches and theaters; pianos, paintings and books. Yet so powerful is the verbal ambiguity that confuses money with wealth, that even those who at times recognize the confusion will slide back into it in the course of their reasoning.
Henry HazlittTrue wealth is having a healthy mind, body, and spirit. True wealth is having the knowledge to maneuver and navigate the mental obstacles that inhibit your ability to soar.
RuPaul[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 CruzBut though a funded debt is not in the first instance, an absolute increase of Capital, or an augmentation of real wealth; yet by serving as a New power in the operation of industry, it has within certain bounds a tendency to increase the real wealth of a Community, in like manner as money borrowed by a thrifty farmer, to be laid out in the improvement of his farm may, in the end, add to his Stock of real riches.
Alexander HamiltonSecuring, not prohibiting, the orderly transfer of wealth from A to B, based on wealth differentials, is the raison d'รชtre of the [New Deal programs]. The contrast between the modern progressive and classical liberal agendas could not be more explicit.
Richard Allen EpsteinWe conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive redistribution.
Will DurantHe who would bring home the wealth of the Indies must carry the wealth of the Indies with him.
Samuel JohnsonIt would be well for those interested to reflect whether there now exists, or ever has existed, a wealthy and civilized community in which one portion did not live on the labor of another; and whether the form in which slavery exists in the South is not but one modification of this universal condition... Let those who are interested remember that labor is the only source of wealth, and how small a portion of it, in all old and civilized countries, even the best governed, is left to those by whose labor wealth is created.
John C. CalhounIn the matter of piety, poverty serves us better than wealth, and work better than idleness, especially since wealth becomes an obstacle even for those who do not devote themselves to it.
Saint John ChrysostomSegregations, by which I mean people living in a certain area, was a planned system. It was made that way. And what you have is a system in which people are there to be exploited. They're right there waiting for it. A community of people who've been denied wealth, denied wealth-building opportunities, are right there. And the banks went right after them.
Ta-Nehisi CoatesNo 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 HuxleyIt is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability. Nobody is afraid that the money they place in the US is at risk of expropriation or of in some other way being taken away. For this safety, the wealth holders of the world are willing to accept a lower rate of return.
Milton FriedmanAny money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.
John StosselThe great enemy of freedom is the alignment of political power with wealth. This alignment destroys the commonwealth - that is, the natural wealth of localities and the local economies of household, neighborhood, and community - and so destroys democracy, of which the commonwealth is the foundation and practical means.
Wendell BerryThe financial wealth that has been created is unprecedented. Even if the stock market, for argument's sake, leveled off here, there's been so much wealth built up that we really can feel spending for some time.
Adam LaVorgnaAmerica's wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success and you take away the wealth that helps us take care of the needy.
Thomas PeterffyEverybody in politics claims to want to get everybody out of poverty. What's the opposite? Wealth. And what is often criticized by the left? Wealth.
Rush LimbaughIn the words of Louis Brandeis, the Supreme Court justice, we have a choice between a democracy or vast concentrations of wealth. We have vast concentrations of wealth which has bought its way into our democracy with its political leaders who exemplify the merger of that economic and political elite.
Jill SteinThere are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means.
Albert J. NockIt is not great wealth in a few individuals that proves a country is prosperous, but great general wealth evenly distributed among the people. . .
Victoria WoodhullIt is Enterprise which build and improves the world's possessions...If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift; and if Enterprise is asleep, Wealth decays, whatever Thrift may be doing.
John Maynard KeynesThe average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were "underwater" on their home mortgages, owing more than the value of the home. This $11,000 average is 50 percent lower than the average wealth of the lower half of families in 1989, adjusted for inflation.
Janet YellenI regard large inherited wealth as a misfortune, which merely serves to dull men's faculties. A man who possesses great wealth should, therefore, allow only a small portion to descend to his relatives. Even if he has children, I consider it a mistake to hand over to them considerable sums of money beyond what is necessary for their education. To do so merely encourages laziness and impedes the healthy development of the individual's capacity to make an independent position for himself.
Alfred NobelAll wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth.
Alfred MarshallTime is a wealth of change, but the clock in its parody makes it mere change and no wealth.
Rabindranath TagoreThe baby boomers are out there, they've had a lot of good years of earnings, they've inherited wealth. They are buying trophy homes and will be for years. We are one of those places people dream of. They come here to buy a piece of that dream.
Frank Lloyd WrightThe majority work to make a living; some work to acquire wealth or fame, while a few work because there is something within them which demands expression...Only a few truly love it.
Edmond Bordeaux SzekelyBottom line is, I didn't return to Apple to make a fortune. I've been very lucky in my life and already have one. When I was 25, my net worth was $100 million or so. I decided then that I wasn't going to let it ruin my life. There's no way you could ever spend it all, and I don't view wealth as something that validates my intelligence.
Steve JobsEven 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.
ChanakyaOur souls are not hungry for fame, comfort, wealth, or power. Our souls are hungry for meaning, for the sense that we have figured out how to live so that our lives matter.
Harold S. KushnerThe 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 RothTo have acquired wealth is with many not to end but to change the nature of their troubles.
Publilius SyrusThere is, as every schoolboy knows in this scientific age, a very close chemical relation between coal and diamonds. It is the reason, I believe, why some people allude to coal as "black diamonds." Both these commodities represent wealth; but coal is a much less portable form of property.
Joseph ConradDancing of late years has been degraded to the narrow limits and low professionalism of mere mechanical proficiency, associated with the most frivolous... phases of the stage. But this day is fading...We are turning our gaze inward, learning to seek there the divine sources of the dance, to the end that it may flower into new and more glorious forms of beauty and wealth
Ruth St. DenisOn balance, after weighing the arguments, I believe that the time has come for Australia to create a new sovereign wealth fund.
Malcolm TurnbullThere is this fashionable progressive notion that everything is so completely political that the idea we could have some sort of neutral legal process is practically utopian - because we all know that the more money you have, the more rights you can exercise in this society. But I don't think that you deal with income inequality by limiting the First Amendment rights of affluent people. I'd rather see people screw around with the tax code to redistribute wealth a little bit than screw around with the First Amendment.
Wendy KaminerThe burning issue of our time is the growing inequality in income and wealth in our country, and it's got to be addressed. We've got to stop it. It's eroding our politics. It's separating our society into the haves and the have-nots. It's condemning a whole younger set of our population to not be able to enter the middle class. And, it hits hardest in the prairie areas of the United States, our small towns and communities, where the jobs just aren't available and the incomes are low.
Tom HarkinWhat people really need and demand from life is not wealth, comfort, or esteem, but games worth playing
Thomas SzaszMany men want wealth,--not a competence alone, but a live-story competence. Everything subserves this; and religion they would like as a sort of lightning-rod to their houses, to ward off by and by the bolts of Divine wrath.
Henry Ward BeecherHe whose wealth or children distract him from remembering God is lost; but the one who remembers God experiences delights sweeter than the pleasure of food and drink.
Ibn Ata AllahThere are few problems in the world that economic prosperitycannot help solve. Yet the engines of that prosperity are under fierceattack. The forces that seek power over others have gained the upperhand against those that seek freedom. By harming wealth creation,they cause even more strain on society. Historically, this is nothingnew. State domination over its subjects has roots that connect statism,totalitarianism, communism, and socialism to more modern-day variantsof liberalism and progressivism. It is a constant fight and we mustwin.
Ziad K. Abdelnour