A Quote by Charlie Munger

Wall Street has too much wealth and political power. — © Charlie Munger
Wall Street has too much wealth and political power.
Wealth plays out in the political sphere in all kinds of ways, often personally. Can Hillary Clinton represent the interests of working people when she and her husband have taken so much money from Wall Street? Was Mitt Romney's private-equity business too ruthless with workers?
Wealth is a form of power in our society. With great power comes great responsibility. If you have too much wealth, ipso facto, you have too much power - therefore you have too much responsibility - and you're a kind of dictator.
No man can control Wall Street. Wall Street is like the ocean. No man can govern it. It is too vast. Wall Street is full of eddies and currents. The thing to do is to watch them, to exercise a little common sense, and … to come out on top.
The only sure way to stop excessive risk taking on Wall Street so you don't risk losing your job, or your savings or your home, is to put an end to the excessive economic and political power of Wall Street by busting up the big banks.
The Occupy Wall Street protests at last suggest that America's wealth gap is once again becoming an organizing political principle in the country.
Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.
I think what the secretary Hillary Clinton has recognized is the American people are extremely angry about the power of Wall Street, the greed, the illegal behavior of Wall Street.
Tax the rich. End the wars. Break the power of lobbies in Washington. These are the demands of Occupy Wall Street. They are very important. The US corporations dominate Washington. The big oil companies, Wall Street banks and the military-industrial complex - they rule this country and their influence and power has to be broken.
You will notice that the Occupy Wall Street crowds - and the progressives who support them - focus on bringing the wealthy down to earth rather than lifting the 99 percent. They have a nearly religious belief that too much wealth is fundamentally immoral and unhealthy for society.
I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.
The key to liberation from the power of materialism is not an exodus from culture - abandoning Wall Street or leaving the wealth of the nation to others - but the grace of giving... Givers for God disarm the power of money. They invite God's grace to flow through them.
Occupy Wall Street means making Wall Street and the corporate power elite understand that the people affected by the binge of unregulated greed are not going away, and they are not going to give up.
Wall Street owns the country. It is no longer a government of the people, for the people and by the people, but a government for Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and monopoly is the master…Let the bloodhounds of money who have dogged us thus far beware.
The issue is the Republican Party has been paying too much attention to Wall Street and not enough attention to Main Street.
You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.
What you're seeing with Occupy Wall Street and the others are people who are unhappy and they're directing their unhappiness now toward Wall Street and toward those they think are doing too well in our society.
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