A Quote by Jason Calacanis
The idea is that angel investors are supposed to be wealthy people supporting people who need funds, typically who are not wealthy, and don't have the ability to do it themselves.
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Where wealth is concerned, individuals aren't stuck in little boxes. You don't start out wealthy, stay wealthy, and end wealthy.
We`re going to raise the estate tax for wealthy, very wealthy people.
A lot of really smart, wealthy people know that [slashing taxes on the wealthy hasn't worked.]
But that's not how most of the people mentioned in this book became wealthy. Most of them became wealthy by being well connected and crooked. And they are creating a society in which they can commit hugely damaging economic crimes with impunity, and in which only children of the wealthy have the opportunity to become successful.
When vastly wealthy people say, 'I'm not leaving my kids any money,' it's typically not true.
Trickle-down did not work. It got us into the mess we were in, in 2008 and 2009. Slashing taxes on the wealthy hasn’t worked. And a lot of really smart, wealthy people know that. And they are saying, hey, we need to do more to make the contributions we should be making to rebuild the middle class.
Any of the social changes in American history are because people thought there was injustice. We have to show that this corporate welfare and cronyism is unjust - and that it's not only rigging the system so people get wealthy who don't deserve to get wealthy.
If most of the breaks go to wealthy people it's because most of the people who pay taxes are wealthy.
I really hope that the philanthropy movement is seen not just as wealthy people giving money away but wealthy people giving away their time, their energy and their ideas.
I don't think "Reganomics" will ever fully end. I mean, Reaganomics, to put it simply, was trying to get low taxes for wealthy people. And wealthy people are still there pushing for low taxes.
There are no wealthy people on Rikers Island because if you are wealthy, you go free because you make bail.
State funds, private equity, venture capital, and institutional lending all have their role in the lifecycle of a high tech startup, but angel capital is crucial for first-time entrepreneurs. Angel investors provide more than just cash; they bring years of expertise as both founders of businesses and as seasoned investors.
The fact remains that the overwhelming majority of people who have become wealthy have become so thanks to work they found profoundly absorbing. The long term study of people who eventually became wealthy clearly reveals that their 'luck' arose from accidental dedication they had to an arena they enjoyed.
You don't have to be the smartest person to become successful and wealthy. Many of the most successful and wealthy people in society are not the most educated people.
We got no wealthy black people. We got rich people. Shaq is rich. The guy who signs his checks is wealthy.
People in America worship money, and a white man's face on a green piece of paper does not make me wealthy. My health makes me wealthy. I used to work at a hospital, so I know the real deal.
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