A Quote by Paul Craig Roberts

The concentration of U.S. income and wealth in the hands of the very rich is a new development in my lifetime.

Paul Craig Roberts

Quote Topics

Concentration Development Hands Income Lifetime New Rich Very Wealth

Quote Author

Paul Craig Roberts
American - Economist
Born: April 3, 1939

I love my family and I had a very wonderful, magical childhood. But New Jersey was actually a very cold place. There was such an intense concentration of wealth, and such a low concentration of any actual human happiness.

Ezra Miller

New Jersey was actually a very cold place. There was such an intense concentration of wealth, and such a low concentration of any actual human happiness. A lot of people seem to be similar to the kid in school, which is doing a lot of things with no direct consequence to their joy, or their lives.

Ezra Miller

This is a very important issue that the corporate media chooses not to talk about a whole lot, that we have an economic system which is rigged, which means that at the same time as the middle class of this country is disappearing, almost all of the new income and wealth in America is going to the top 1 percent. You have the top one-tenth of 1 percent owning almost as much wealth as the bottom 90 percent - 58 percent of all new income is going to the top 1 percent.

Bernie Sanders

In India, the concentration of wealth is in a few hands.

Rohini Nilekani

What's dangerous is the concentration of wealth in the hands of a few individuals.

Arpad Busson

Most people have it all wrong about wealth in America. Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.

Thomas J. Stanley

Income is now more concentrated in the hands of the rich. Those well-off households tend to save and invest higher proportions of their earnings than middle-class or low-income families do.

Annie Lowrey

All of the incessant debate about development assistance, and whether the rich are doing enough to help the poor, actually concerns less than 1% of rich world income. The effort required of the rich is indeed so slight that to do less is to announce brazenly to a large part of the world: 'You count for nothing.' We should not be surprised, then, if in later years the rich reap the whirlwind of that heartless response.

Jeffrey Sachs

The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom permitted by morals and laws.

Will Durant

In progressive societies the concentration[of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, which history has diversely met by legislation redistributing wealth or by revolution distributing poverty.

Will Durant

A man's wealth must be determined by the relation of his desires and expenditures to his income. If he feels rich on ten dollars, and has everything else he desires, he really is rich.

John D. Rockefeller

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.

Zong Qinghou

One way to have broader access to wealth is to reduce the tax on the large group and increase the tax on the very top so concentration of wealth doesn't get to extreme levels.

Thomas Piketty

The two great aims of industrialism — replacement of people by technology and concentration of wealth into the hands of a small plutocracy — seem close to fulfillment.

Wendell Berry

The two great aims of industrialism - replacement of people by technology and concentration of wealth into the hands of a small plutocracy - seem close to fulfillment.

Wendell Berry

The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.