A Quote by Judith Rodin
The extraordinary genius of John D. Rockefeller and Andrew Carnegie 100 years ago was their recognition that the great wealth they had amassed could be put to public good and used to solve the complex problems for which there were no other sources of capital.
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Great innovators like Thomas Alva Edison, Henry Ford, and Andrew Carnegie didn't rely on government. There was hardly any of it in those days. More recently, Steve Jobs, Bill Gates, and Larry Ellison used genius to put brand-new ideas into production.
The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don't think it worked then. It didn't solve any problems then and it hasn't solved any problems in 50 years.
My brother is a genius. When we went to Italy, he was on the local television channel as a prodigy, who could solve very sophisticated mathematical equations. He was only seven or eight years old but he could solve mathematical problems for fourteen year olds.
In that, we agreed with Andrew Carnegie, who said that huge fortunes that flow in large part from society should in large part be returned to society. In my case, the ability to allocate capital would have had little utility unless I lived in a rich, populous country in which enormous quantities of marketable securities were traded and were sometimes ridiculously mispriced. And fortunately for me, that describes the U.S. in the second half of the last century.
The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income. The result is that the sources of taxation are drying up; wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the Government nor profit to the people.
A few years ago, they [Neandertals] were thought to be ancestral to anatomically modern humans, but now we know that modern humans appeared at least 100,000 years ago, much before the disappearance of the Neandertals. Moreover, in caves in the Middle East, fossils of modern humans have been found dated 120,000-100,000 years ago, as well as Neandertals dated at 60,000 and 70,000 years ago, followed again by modern humans dated at 40,000 years ago. It is unclear whether the two forms repeatedly replaced one another by migration from other regions, or whether they coexisted in some areas
Twenty-five years ago, the notion was you could create a general problem-solver software that could solve problems in many different domains. That just turned out to be totally wrong.
All change requires effort and sacrifice. Sometimes action plans fail because they are based on the idea that there is a 'magic bullet' which on its own can solve our problems.This is not true. Complex human problems typically require complex solutions with many different components.
Cooperation on the international level could help to solve the problem of sources of sharp capital flow volatility and its consequences.
I had the belief that many troubles you could observe on the European continent were due to politicians not understanding economic phenomena. Even if they had good intentions, they didn't have the skills to solve problems.
The history of science fiction started in the caves 20,000 years ago. The ideas on the walls of the cave were problems to be solved. It's problem solving. Primitive scientific knowledge, primitive dreams, primitive blueprinting: to solve problems.
Teaching and writing, really, they support and nourish each other, and they foster good thinking. Because when you show up in the classroom, you may have on the mantle of authority, but in fact, you're just a writer helping other writers think through their problems. Your experience with the problems you've tried to solve comes into play in how you try to teach them to solve their problems.
The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
No scientist is admired for failing in the attempt to solve problems that lie beyond his competence. ... Good scientists study the most important problems they think they can solve. It is, after all, their professional business to solve problems, not merely to grapple with them.
We certainly would resolve the problems of the charities that are working in areas where they can do the most good. So if you consider that the U.S. foreign aid budget is 30 billion, yes, we could make a major contribution to reducing global poverty, start to deal much better with some of the other big environmental problems that the world faces. So I think we could solve a lot of problems.
Beware of people preaching simple solutions to complex problems. If the answer was easy someone more intelligent would have thought of it a long time ago - complex problems invariably require complex and difficult solutions.
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