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Read through the most famous quotes by topic #weal
America's industrial success produced a roll call of financial magnificence: Rockefellers, Morgans, Astors, Mellons, Fricks, Carnegies, Goulds, du Ponts, Belmonts, Harrimans, Huntingtons, Vanderbilts, and many more based in dynastic wealth of essentially inexhaustible proportions. John D. Rockefeller made $1 billion a year, measured in today's money, and paid no income tax. No one did, for income tax did not yet exist in America. Congress tried to introduce an income tax of 2 percent on earnings of $4,000 in 1894, but the Supreme Court ruled it unconstitutional. Income tax wouldn't become a regular part of American Life until 1914. People would never be this rich again. Spending all this wealth became for many a more or less full-time occupation. A kind of desperate, vulgar edge became attached to almost everything they did. At one New York dinner party, guests found the table heaped with sand and at each place a little gold spade; upon a signal, they were invited to dig in and search for diamonds and other costly glitter buried within. At another party - possibly the most preposterous ever staged - several dozen horses with padded hooves were led into the ballroom of Sherry's, a vast and esteemed eating establishment, and tethered around the tables so that the guests, dressed as cowboys and cowgirls, could enjoy the novel and sublimely pointless pleasure of dining in a New York ballroom on horseback. ↗
In a society in which nearly everybody is dominated by somebody else's mind or by a disembodied mind, it becomes increasingly difficult to learn the truth about the activities of governments and corporations, about the quality or value of products, or about the health of one's own place and economy. In such a society, also, our private economies will depend less and less upon the private ownership of real, usable property, and more and more upon property that is institutional and abstract, beyond individual control, such as money, insurance policies, certificates of deposit, stocks, and shares. And as our private economies become more abstract, the mutual, free helps and pleasures of family and community life will be supplanted by a kind of displaced or placeless citizenship and by commerce with impersonal and self-interested suppliers... Thus, although we are not slaves in name, and cannot be carried to market and sold as somebody else's legal chattels, we are free only within narrow limits. For all our talk about liberation and personal autonomy, there are few choices that we are free to make. What would be the point, for example, if a majority of our people decided to be self-employed? The 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. ↗
Am I right in suggesting that ordinary life is a mean between these extremes, that the noble man devotes his material wealth to lofty ends, the advancement of science, or art, or some such true ideal; and that the base man does the opposite by concentrating all his abilities on the amassing of wealth?' Exactly; that is the real distinction between the artist and the bourgeois, or, if you prefer it, between the gentleman and the cad. Money, and the things money can buy, have no value, for there is no question of creation, but only of exchange. Houses, lands, gold, jewels, even existing works of art, may be tossed about from one hand to another; they are so, constantly. But neither you nor I can write a sonnet; and what we have, our appreciation of art, we did not buy. We inherited the germ of it, and we developed it by the sweat of our brows. The possession of money helped us, but only by giving us time and opportunity and the means of travel. Anyhow, the principle is clear; one must sacrifice the lower to the higher, and, as the Greeks did with their oxen, one must fatten and bedeck the lower, so that it may be the worthier offering. ↗
#money #morals #philosophy #poor #rich
Still another danger is represented by those who, paying lip service to democracy and the common welfare, in their insatiable greed for money and the power which money gives, do not hesitate surreptitiously to evade the laws designed to safeguard the public from monopolistic extortion. Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection. They claim to be super-patriots, but they would destroy every liberty guaranteed by the Constitution. They are patriotic in time of war because it is to their interest to be so, but in time of peace they follow power and the dollar wherever they may lead. ↗
#fascism #greed #patriotism #politics #wealth
...After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world. I am strongly of the opinion that the great majority of people will always find these are the moving impulses of our life. But it is only those who do not understand our people, who believe that our national life is entirely absorbed by material motives. We make no concealment of the fact that we want wealth, but there are many other things that we want much more. We want peace and honor, and that charity which is so strong an element of all civilization. The chief ideal of the American people is idealism. ↗
How reprehensible it is when those blessed with commodities insist on ignoring the poor. Better to torment them, force them into indentured servitude, inflict compulsion and blows—this at least produces a connection, fury and a pounding heart, and these too constitute a form of relationship. But to cower in elegant homes behind golden garden gates, fearful lest the breath of warm humankind touch you, unable to indulge in extravagances for fear they might be glimpsed by the embittered oppressed, to oppress and yet lack the courage to show yourself as an oppressor, even to fear the ones you are oppressing, feeling ill at ease in your own wealth and begrudging others their ease, to resort to disagreeable weapons that require neither true audacity nor manly courage, to have money, but only money, without splendor: That’s what things look like in our cities at present ↗
Now I would solicit the particular attention of those numerous people who imagine that money is everything in this world, and that rank and ability are inseparable from wealth: let them observe that Cincinnatus, the one man in whom Rome reposed all her hope of survival, was at that moment working a little three-acre farm (now known as Quinctian meadows) west of the Tiber, just opposite the spot where the shipyards are today. A mission from the city found him at work on his land - digging a ditch, maybe, or ploughing. Greetings were exchanged, and he was asked - with a prayer for God's blessing on himself and his country - to put on his toga and hear the Senate's instructions. This naturally surprised him, and, asking if all were well, he told his wife Racilia to run to their cottage and fetch his toga. The toga was brought, and wiping the grimy sweat from his hands and face he put it on; at once the envoys from the city saluted him, with congratulations, as Dictator, invited him to enter Rome, and informed him of the terrible danger of Minucius's army. ↗
#history #influence #political-philosophy #political-science #power
