A Quote by Alexander Hamilton
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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There seem to be but three ways for a nation to acquire wealth. The first is by war, as the Romans did, in plundering their conquered neighbors. This is robbery. The second by commerce, which is generally cheating. The third by agriculture, the only honest way, wherein man receives a real increase of the seed thrown into the ground, in a kind of continual miracle, wrought by the hand of God in his favor, as a reward for his innocent life and his virtuous industry.
Worldly wealth is the Devil's bait; and those whose minds feed upon riches recede, in general, from real happiness, in proportion as their stores increase, as the moon, when she is fullest, is farthest from the sun.
When you read Marx (or Jesus) this way, you come to see that real wealth is not material wealth and real poverty is not just the lack of food, shelter, and clothing. Real poverty is the belief that the purpose of life is acquiring wealth and owning things. Real wealth is not the possession of property but the recognition that our deepest need, as human beings, is to keep developing our natural and acquired powers to relate to other human beings.
Bless his heart, I have respect for Mitt Romney, but I do not have respect for what he has done through this debt increase debate. He did this. He waited until it was a done deal that we would increase the debt ceiling, and more money would be spent, more money borrowed and then spent on bigger government. And then he came out and he made a statement, that he didn't like the deal after all. You know, you can't defer an issue and assume that the problem is going to be then avoided.
As riches increase and accumulate in few hands, as luxury prevails in society, virtue will be in a greater degree considered as only a graceful appendage of wealth, and the tendency of things will be to depart from the republican standard. This is the real disposition of human nature; it is what neither the honorable member nor myself can correct. It is a common misfortunate that awaits our State constitution, as well as all others.
The real duty of man is not to extend his power or multiply his wealth beyond his needs, but to enrich and enjoy his imperishable possession: his soul.
What real good does an addition to a fortune already sufficient procure? Not any. Could the great man, by having his fortune increased, increase also his appetites, then precedence might be attended with real amusement.
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.
At the beginning of this marvelous era it was natural to expect, and it was expected, that laborsaving inventions would lighten the toil and improve the condition of the laborer; that the enormous increase in the power of producing wealth would make real poverty a thing of the past... From Progress and Poverty, To those who, seeing the vice and misery that spring from the unequal distribution of wealth and privilege, feel the possibility of a higher social state and would strive for its attainment.
The art of wealth-getting which consists in household management, on the one hand, has a limit; the unlimited acquisition of wealth is not its business. And therefore, in one point of view, all riches must have a limit; nevertheless, as a matter of fact, we find the opposite to be the case; for all getters of wealth increase their hard coin without limit.
Righteousness, or justice, is, undoubtedly of all the virtues, the surest foundation on which to create and establish a new state. But there are two nobler virtues, industry and frugality, which tend more to increase the wealth, power and grandeur of the community, than all the others without them.
Any 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.
If you depend on a single industry, if you don't continuously upgrade it, if that industry is not producing real wealth, if it's simply shuffling paper from here to here in a very efficient manner sometimes, that's not enough and that's not where you begin to get the rest of your jobs.
There are but two ways of paying debt: Increase of industry in raising income, increase of thrift in laying out.
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.
If we understand the dangers of materialism, it will help liberate us to experience the joys of Christ-centered stewardship. Jesus speaks of the "deceitfulness of wealth" . The psalmist warns, "Though your riches increase, do not set your heart on them" . The dangers of materialism are far-reaching. We should not think that we're immune to the value-changing nature of wealth.
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