A Quote by Coco Chanel
There are people who have money and people who are rich.
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Trickle-down economics - it didn't work. The whole idea was supply-side economics: give rich people a lot of money; they'll spend it, it'll go into the economy. Here's what we found out - rich people, really good at keeping all the money. That's how they got rich. If you want it in the economy, give it to the poor people. You know what they're really good at? Spending all their money.
Do I resent rich people? No. The best or worst I can do is notice them. I agree with the great Socialist writer George Orwell, who felt that rich people were poor people with money.
Not to say people shouldn't get rich from art. I adore the alchemy wherein artists who cast a complex spell make rich people give them their money. (Just writing it makes me cackle.) But too many artists have been making money without magic.
Partying is not a sane way to spend money, but it's fun. When we were young, we did not have a lot of money at all, so I thought, 'If I ever get rich, I'm not going to become one of those boring rich people who doesn't spend money.'
FreedomWorks, which is funded primarily by very rich people, solicits donations from non-rich conservative people. More than 80,000 people donated money to FreedomWorks in 2012, and it seems likely that only a small minority of those people were hedge fund millionaires.
Cory Booker became a millionaire because this is how the economy works for people of his class: Rich people give other rich people money to do nothing, simply because they 'deserve' it.
Obviously no one wants to give members of Congress a lot of money, because they barely do anything, and many of them are terrible, but a Congress that is made up of rich-but-not-super-rich people is going to be more corruptible than a Congress of really rich people.
If Americans are worried about money in politics, there is no larger concern than the Clintons, who are cosseted in a world where rich people endlessly scratch the backs of rich people.
No matter how much money we have or make, we will probably never consider ourselves rich. The biggest challenge facing rich people is that they've lost they're ability to recognize that they're rich.
Avoid debt that doesn’t pay you. Make it a rule that you never use debt that won’t make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.
The Democrats say the rich are rich because they stole all of their money or somehow fleeced the poor for all of their money. "If it weren't for these cheating, skunk, lying, rich people, you poor people would have the money! You remember when you had this, right? You remember when you had that house on the beach and your Rolls-Royce, and then one day some rich guy came over and stole it all from you? You remember that? So you want to vote for Obama and the Democrats to get your house back and your Rolls-Royce 'cause you remember when Koch brothers came and took it from you."
Sir, money, money, the most charming of all things; money, which will say more in one moment than the most elegant lover can in years. Perhaps you will say a man is not young; I answer he is rich. He is not genteel, handsome, witty, brave, good-humored, but he is rich, rich, rich, rich, rich -that one word contradicts everything you can say against him.
The rich are the most discriminated-against minority in the world. Openly or covertly, everybody hates the rich because, openly or covertly, everybody envies the rich. Me, I love the rich. Somebody has to love them. Sure, a lot o’ rich people are assholes, but believe me, a lot o’ poor people are assholes, too, and an asshole with money can at least pay for his own drinks.
My job is making money, helping other people make money. I am spending money, trying to make sure more people get rich, because you cannot spend a lot of money, right? So my job is spending money, helping others. This is a headache.
The Democrats tell all the poor people and all of the middle class that they're only where they are 'cause the rich have cheated them, exploited them, or stolen all their money. The way they're gonna make it equal is to take from those people who have just won life's lottery, the premise being that the poor and the rich and the middle class are gonna get the money.
Hedge funds are investment pools that are relatively unconstrained in what they do. They are relatively unregulated (for now), charge very high fees, will not necessarily give you your money back when you want it, and will generally not tell you what they do. They are supposed to make money all the time, and when they fail at this, their investors redeem and go to someone else who has recently been making money. Every three or four years they deliver a one-in-a-hundred year flood. They are generally run for rich people in Geneva, Switzerland, by rich people in Greenwich, Connecticut.
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