A Quote by Henry Hazlitt
No matter whether it is their intention or not, almost anything that the rich can legally do tends to help the poor. The spending of the rich gives employment to the poor. But the saving of the rich, and their investment of these savings in the means of production, gives just as much employment, and in addition makes that employment constantly more productive and more highly paid, while it also constantly increases and cheapens the production of necessities and amenities for the masses.
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The modern welfare state, highly touted as soaking the rich to subsidize the poor, does no such thing. In fact, soaking the rich would have disastrous effects, not just for the rich but for the poor and middle classes themselves. For it is the rich who provide a proportionately greater amount of saving, investment capital, entrepreneurial foresight, and financing of technological innovation that has brought the Unites States to by far the highest standard of living - for the mass of the people - of any country in history.
Growing richer every day, for as rich and poor are relative terms, when the rich are growing poor, it is pretty much the same as if the poor were growing rich. Nobody is poor when the distinction between rich and poor is destroyed.
In America, we tax work, investment, employment, savings, and production, while we subsidize non-work, consumption, and debt. It's time we reverse this trend.
That was always my experience-a poor boy in a rich town; a poor boy in a rich boy's school; a poor boy in a rich man's club at Princeton .... However, I have never been able to forgive the rich for being rich, and it has colored my entire life and works.
Forced to choose, the poor, like the rich, love money more than political liberty; and the only political freedom capable of enduring is one that is so pruned as to keep the rich from denuding the poor by ability or subtlety and the poor from robbing the rich by violence or votes.
Socially, I never belonged to any class, rich or poor. To the rich I was poor, and to the poor I was poor pretending to be like the rich.
In addition to higher pay, federal government employment is far more secure than private-sector employment.
If you take from the rich you give the rich less incentive. If you give what you have taken from the rich to the poor, you make the poor more dependent. Nobody wins.
The difference between rich and poor is not that the rich sin is more than the poor, that the rich find it easier to call sin a virtue.
When the rich plunder the poor of his rights, it becomes an example for the poor to plunder the rich of his property, for the rights of the one are as much property to him as wealth is property to the other, and the little all is as dear as the much. It is only by setting out on just principles that men are trained to be just to each other; and it will always be found, that when the rich protect the rights of the poor, the poor will protect the property of the rich. But the guarantee, to be effectual, must be parliamentarily reciprocal.
If the "rich" were swarming into poor neighborhoods and beating the poor until they coughed up the dimes they swallowed for safekeeping, yes, this would be a transfer of income from the poor to the rich. But allowing taxpayers to keep more of their money does not qualify as taking it from the poor - unless you believe that the poor have a moral claim to the money other people earn.
We always say we are equal in front of death, but when you are rich, for example, and you have everybody taking care of you, I think that you suffer much less. It must be much more painful to die when you are poor than when you are rich. But when your heart is broken, you can be rich, poor, whatever - a broken heart, we are all equal in front of it. And I think there is no subject more serious.
In Canada, we just have rich and poor, but we don't constantly remind poor people about it.
In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies changed in a way that lowered normal employment.
Which is more messed up- that we have so much compared to everyone else, or that we don't think we're rich? That on any given day, we might flippantly call ourselves 'broke' or 'poor?' We are neither of those things. We are rich. Filthy rich.
As recognized since ancient times, the coexistence of very rich and very poor leads to two possibilities, neither a happy one. The rich can rule alone, disenfranchising or even enslaving the poor, or the poor can rise up and confiscate the wealth of the rich.
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