A Quote by Merton Miller

Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer. — © Merton Miller
Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer.
You have phantom income each year. No money is being put in your pocket, but you have to take some money out of your pocket to pay Uncle Sam because the tax is paid based on accretion.
Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.
Bankruptcy is a legal proceeding in which you put your money in your pants pocket and give your coat to your creditors.
When you incline to have new clothes, look first well over the old ones, and see if you cannot shift with them another year, either by scouring, mending, or even patching if necessary. Remember, a patch on your coat, and money in your pocket, is better and more creditable, than a writ on your back, and no money to take it off.
I had intended to make another film, called Pocket Money, which was to be about children at a school. I was very much intrigued by the story [of Close Up] - it came into my dreams and I was very much influenced by it. So I called my producer and asked that we put aside Pocket Money and start something else, and he agreed.
A handkerchief can never be put in another pocket after it has been in one pocket. I don't walk under ladders. I have items of clothing that are lucky for me. That rotates, but I am luck-oriented.
The safe way to double your money is to fold it over once and put it in your pocket.
Catch a falling star and put it in your pocket / Never let it fade away / Catch a falling star and put it in your pocket / Save it for a rainy day
For luck you carried a horse chestnut and a rabbit?s foot in your right pocket. The fur had been worn off the rabbit?s foot long ago and the bones and the sinews were polished by the wear. The claws scratched in the lining of your pocket and you knew your luck was still there.
Yet Byron never made tea as you do, who fill the pot so that when you put the lid on the tea spills over. There is a brown pool on the table--it is running among your books and papers. Now you mop it up, clumsily, with your pocket-hankerchief. You then stuff your hankerchief back into your pocket--that is not Byron; that is so essentially you that if I think of you in twenty years' time, when we are both famous, gouty and intolerable, it will be by that scene: and if you are dead, I shall weep.
The force of the guinea you have in your pocket depends wholly on the default of a guinea in your neighbour's pocket. If he did not want it, it would be of no use to you.
The idea of money being something physical is almost entirely a fiction. Sure, you can go to your ATM and pull out cash. And you can feel cash in your back pocket and have some tangible comfort there - but in reality, the majority of your money is a number on a screen.
With money we really fool ourselves. We are our biggest enemies with money and there are some things we can do about it. Automatic deductions are a wonderful thing. But ideally, you should wait until the end of the month, you can see how much extra money you had, and you should put that in your savings account. We don't do that too well, and if we did that, we would never save. So, what we do, is we take money out of our pocket into the saving account at the beginning of the month, take it outside of our control and as a consequence, we spend less and we save more.
Look at the big-ticket items, in your budget. Your home or apartment. Your car. Your insurance. If you are overspending on these big monthly bills, then money's draining out of your pocket a lot faster than you can replace it by clipping coupons or buying cheaper coffee.
Take your hands out of your pocket, because life may push you hardly at any time!
That's an interesting paradox to think about. Make it legal and it's no good. Why? Because as long as it's illegal the people who come in do not qualify for welfare, they don't qualify for social security, they don't qualify for the other myriad of benefits that we pour out from our left pocket to our right pocket. So long as they don't qualify they migrate to jobs. They take jobs that most residents of this country are unwilling to take. They provide employers with the kind of workers that they cannot get. They're hard workers, they're good workers, and they are clearly better off.
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