A Quote by Milton Friedman
It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability. Nobody is afraid that the money they place in the US is at risk of expropriation or of in some other way being taken away. For this safety, the wealth holders of the world are willing to accept a lower rate of return.
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Russia makes its money through selling of oil, and we've got underneath us more oil than anybody, and nobody knew it until five years ago. And I want to use it. And I don't want that taken away by the Paris Accord. I don't want them to say all of that wealth that the United States has under its feet, but that China doesn't have and that other countries don't have, we can't use.
We have an energy policy - we're transferring our wealth to overseas to a bunch of countries that don't have the same values as us. In some cases, they're using our money to finance terrorism against us.
We need a new model of social protection. Let us accept that jobs are not the magic solution - and that in a globalised market, job guarantees are a false promise. Let us accept flexible labour, too. But in return, let us have a society in which everybody has a right to basic security and a more equal access to other insurance-based schemes.
If we have not developed a reservoir of spiritual wealth, no amount of money is likely to make us happy. Spiritual wealth provides faith. It gives us love. It brings and expands wisdom. Spiritual wealth leads to happiness because it guides us into useful or loving relationships.
We've had the most massive creation of wealth for people a lot younger than those who formerly got wealth in the history of the world. The world is full of young people who really want to get rich, and when I left school nobody thought it was a reasonable possibility.
?In today's materialistic world there is a risk of people becoming slaves to money, as though they were simply cogs in a huge money-making machine. This does nothing for human dignity, freedom, and genuine well-being. Wealth should serve humanity, and not the other way around.
When you think of policies that are going to address inequality of wealth, you have to be very thoughtful about what economists call "incidence of taxes." If most of the savings is being done by capitalists, and you tax the return on capital, then they will have less to invest. That would mean, over the long run, that the rate of interest would go up. That would therefore undo some of the intent to lower the income of capitalists.
If nuclear power plants are safe, let the commerical insurance industry insure them. Until these most expert judges of risk are willing to gamble with their money, I'm not willing to gamble with the health and safety of my family.
The public doesn’t have to be hostile to the rich. ‘Robbing the rich to help the poor’ will only drive the rich away to other countries along with their money. As a matter of fact, their wealth should be respected. All wealth in China belongs to the country.
If you don't put a value on money and seek wealth, you most probably won't receive it. You must seek wealth for it to seek you. If no burning desire for wealth arises within you, wealth will not arise around you. Having definiteness of purpose for acquiring wealth is essential for its acquisition.
Trust and respect are two-way streets. We want the horse to accept us as leaders of the herd, to guide them safely and to provide protection and comfort. In return, they will give us their respect, and willing submission to our ideas about what to do next, and when and where. But this respect can only be based on well deserved trust.
Because the US has control of the sea. Because the US has built up its wealth. Because the US is the only country in the world really not to have a war fought on its territory since the time of the Civil War ... Therefore we can afford mistakes that would kill other countries. And therefore we can take risks that they can't ... the core answer to why the United States is like this is we didn't fight World War I and World War II and the Cold War here.
Fairness does not require the redistribution of wealth;
it requires the creation of wealth, geared to an economy
that can provide employment for everyone able and willing to work.
Our society's sort of turning into a two-class system, where... most of the wealth and privileges are being concentrated into the hands of fewer and fewer people. And there's the rest of us... that have to go out and work and struggle and live and die and try to find some happiness and contentment and security.
Let us wage a moral and political war against the gross wealth and income inequality... ...let us understand that when we stand together, we will always win.
Everything that we love will, at some point, be taken away from us. If I think about everyone I love eventually being taken away from me by death, or simply by getting lost from each other in the world, it makes me value them much more now.
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