A Quote by Anne Robinson
I've always taken risks and bought property well. As journalism wasn't particularly well paid, buying homes and selling them for profit improved my income.
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Perhaps the most extraordinary characteristic of current America is the attempt to reduce life to buying and selling. Life is not love unless love is sex and bought and sold. Life is not knowledge save knowledge of technique, of science for destruction. Life is not beauty except beauty for sale. Life is not art unless its price is high and it is sold for profit. All life is production for profit, and for what is profit but for buying and selling again?
The investor is neither smart not richer when he buys in an advancing market and the market continues to rise. That is true even when he cashes in a goodly profit, unless either (a) he is definitely through with buying stocks an unlikely story or (b) he is determined to reinvest only at considerably lower levels. In a continuous program no market profit is fully realized until the later reinvestment has actually taken place, and the true measure of the trading profit is the difference between the previous selling level and the new buying level.
With a profession such as investing, people see the 'doing' as the buying and selling. It is difficult to come home from work, and answer your spouse's question, 'what did you do today?' with 'well, I read a lot, and I talked a little.' If you're not buying or selling, you may feel you aren't doing anything.
The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me that the real things you want to hedge are real risks, for example, risks in innovation. The fact is that you'd like companies to be able to take bigger chances. Presumably one obstacle to successful R&D, particularly when the costs are large, are the risks involved.
I blame all the craziness of people buying houses, re-doing them and selling them, on these programs on television where they are redoing your homes and kitchens.
Regarding the Economy & Taxation: America's most successful achievers do pay a higher share of the total tax burden. The top one percent income earners paid 18 percent of the total tax burden in 1981, and paid 25 percent in 1991. The bottom 50 percent of income earners paid only 8 percent of the total tax burden, and paid only 5 percent in 1991. History shows that tax cuts have always resulted in improved economic growth producing more tax revenue in the treasury.
If one has good faith, you can unlock the secrets of scripture, and in unlocking the secrets of scripture, you have access to everything God wants you to have. Ministers of megachurches become examples of the truth of that claim, because they're well paid, living in wonderful homes, driving very nice cars, dressed well. They are doing well, so if you do this, you too can have success.
Offshoring manufacturing jobs left Americans with fewer high-value-added, well-paid jobs, and the U.S. middle class downsized. Ladders of upward mobility were taken down. Income and wealth distributions worsened.
As to the Income Tax, my opinion is that the needful revenue would be fairly and most fairly raised if paid by property, and by individuals in proportion to their property. A Property Tax should be an assessment upon all land and buildings, and canals and railroads, but not on property such as machinery, stock in trade, etc. The aristocracy have squeezed all they can out of the mass of the consumers, and now they lay their daring hands on those not wholly impoverished.
I’m imagining that paper books will evolve to become something akin to candles - we have them in our homes and cherish their light, but don’t light our homes with them. Readers of Lincoln’s era would likely be surprised at how well-lit our homes are, and I think it’s likely that we will be surprised at how well-read future book readers will be.
Wherever I go it will be well with me, for it was well with me here, not on account of the place, but of my judgments which I shall carry away with me, for no one can deprive me of these; on the contrary, they alone are my property, and cannot be taken away, and to possess them suffices me wherever I am or whatever I do.
The Village Voice gave me an outlet. They encouraged writers to publish idiosyncratic, intellectually ambitious journalism in voices that ranged from demonic to highfalutin. And they paid me well once the magazine was unionized. Getting paid is motivational.
When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.
There are any number of models artists can use to profit off of their talent and artistry. It is not up to the state to protect them from competition. Musicians can obviously get paid for performing and having their music copied and "pirated" helps them in this respect by making them more well known, more popular.
Property, as a general social institution, well-divided property, having disappeared and Capitalism having taken its place, you cannot reverse the process without acting against natural economic tendencies.
And the desire to own property, to take for ourselves things which in no way belong to us, does not stop short at the sun. The air is already bought and sold as a commodity, by health resorts. And what of water? Or waterpower? Why should the earth be parceled out into private hands? Is it any different from the sun? No; the earth belongs to the people who live on it. God intended it for them, but it has been taken over by private individuals. Privare means to steal. Thus private property is stolen property - property stolen from God and from humankind!
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