A Quote by Alissa Quart
No matter how we name and dissect inequality, we must keep explaining the larger downside of such concentrated extreme wealth.
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As we celebrate a culture of giving, however, we must also sharpen the question of how extreme wealth generation happens in the first place. And we must recognize that just societies cannot be realized merely by the willful distribution of surplus wealth.
The Unheavenly Chorus is the definitive study of participatory inequality in America. Marshaling prodigious evidence, the authors show how money not only buys influence directly but also affects associations that are supposed to be democratic antidotes to concentrated wealth. A monumental achievement of careful scholarship, this book offers real knowledge of how politics actually operates.
For a successful entrepreneur it can mean extreme wealth. But with extreme wealth comes extreme responsibility.
For a successful entrepreneur it can mean extreme wealth. But with extreme wealth comes extreme responsibility. And the responsibility for me is to invest in creating new businesses, create jobs, employ people, and to put money aside to tackle issues where we can make a difference.
If exclusive privileges were not granted, and if the financial system would not tend to concentrate wealth, there would be few great fortunes and no quick wealth. When the means of growing rich is divided between a greater number of citizens, wealth will also be more evenly distributed; extreme poverty and extreme wealth would be also rare.
The difference between rich and poor is becoming more extreme, and as income inequality widens the wealth gap in major nations, education, health and social mobility are all threatened.
'Egalitarians' who complain about inequality view the wealth of the wealthiest as bad in itself: it disfigures society. They would enact a wealth tax to extirpate the offending wealth.
You have to be an extremist to believe that you're gonna be the president of the United States and your name is Barack Hussein Obama! And he's using extreme methods, but his application is very smooth. Michelle Obama is extreme, her presence is extreme. And it's an extreme good. Extreme is not negative.
You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces mobility and can lead to political capture of our democratic institutions.
Our world faces many grave challenges: Widening conflicts and inequality. Extreme weather and deadly intolerance. Security threats - including nuclear weapons. We have the tools and wealth to overcome these challenges. All we need is the will.
As algorithms push humans out of the job market, wealth and power might become concentrated in the hands of the tiny elite that owns the all-powerful algorithms, creating unprecedented social and political inequality. Alternatively, the algorithms might themselves become the owners.
Wherever 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.
No matter how tough, no matter what kind of outside pressure, no matter how many bad breaks along the way, I must keep my sights on the final goal, to win, win, win-and with more love and passion than the world has ever witnessed in any performance.
When inequality gets too extreme, then it becomes useless for growth, and it can even become bad because it tends to lead to high perpetuation of inequality over time and low mobility.
Ezra Pound still lives in a village and his world is a kind of village and people keep explaining things when they live in a village.... I have come not to mind if certain people live in villages and some of my friends still appear to live in villages and a village can be cozy as well as intuitive but must one really keep perpetually explaining and elucidating?
The problem was how to keep the wheels of industry turning without increasing the real wealth of the world. Goods must be produced, but they must not be distributed. And in practice the only way of achieving this was by continuous warfare.
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