A Quote by Horace
The accumulation of wealth is followed by an increase of care, and by an appetite for more.
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Between 2013 and 2015, the wealthiest 14 people saw their wealth increase by $157 billion. This is their wealth increase, got it? Not what they are worth. Increase. That $157 billion is more wealth than is owned by the bottom 40 percent of the American people. One family, the Walton family, owns more wealth than the bottom 40 percent.
It was with the Industrial Revolution, as society plunged ever more eagerly into the conquest of material riches and bent all its energies to the accumulation of goods, that material poverty became a major problem. Obviously, this meant abandonment or downgrading of spiritual values, virtue, etc. To share or not to share in the increase of the collective wealth-this was the Number One question. It was the desire to acquire wealth that prompted the poor to start fighting.
If you get a flow of credit increasing, as we've seen in the last few years - that flow of credit didn't go to more wealth accumulation as we normally use the term in economics, as capital goods. What you got is an increase in bubbles of one kind or another.
During the last two years the wealthiest 14 Americans saw their wealth increase by $157 billion. This is truly unbelievable. This $157 billion INCREASE in wealth among 14 individuals is more wealth that is owned, collectively, by 130 million Americans. This country does not survive morally, economically or politically when so few have so much, and so many have so little.
The accumulation of personal wealth and the extension of commercial transactions have developed a great and lamentable increase in certain classes of crimes, while the improvements in transport have largely facilitated the escape of fugitive criminals.
Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital in this; that the increase of knowledge produces a more rapid rate of progress, whilst the accumulation of capital leads to a lower rate of interest. Capital thus checks it own accumulation: knowledge thus accelerates its own advance. Each generation, therefore, to deserve comparison with its predecessor, is bound to add much more largely to the common stock than that which it immediately succeeds.
Under neoliberalism, you have a political-financial class that doesn't care about whether people are suffering. They float above politics. They have power and they don't care. They'll do anything to simply increase their wealth.
Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole
Increasing wealth is attended by care and by the desire of greater increase.
While generosity may be the antidote for the dizzying effects of wealth, your appetite for more may function as an antidote against God-honoring generosity. Your appetite for more stuff, status, and security has the potential to quash your efforts to be generous. And that's a problem.
In my view, there is no justice when the 15 wealthiest people in this country in the last two years, saw their wealth increase by $170 billion. That is more wealth acquired in a two year period than is owned by the bottom 130 million Americans.
My premise is not to tax to destroy the wealth of the wealthy; it's to increase the wealth of the bottom and the middle class.
An appetite for knowledge is apt to rush one off one's feet, like any other appetite if not curbed. I often stand in the in the centre of the Library here and think despairingly how impossible it is ever to become possessed of all the wealth of facts and ideas contained in the books surrounding me on every hand.
Diligent accumulation of personal wealth is not inherently ungodly so long as it is complemented by equally diligent distribution of personal wealth.
Wealth is above all an accumulation of possibilities
But 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.
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