A Quote by Ratan Tata
The - the early Rockefellers made their wealth from being in certain businesses and - and remained personally very wealthy. Tatas were different in the sense the future generations were not so wealthy. They - they were involved in the business, but most of the family wealth is put into trust, and the family did not, in fact, enjoy enormous wealth.
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The early Rockefellers made their wealth from being in certain businesses and remained personally very wealthy. Tata's were different in the sense the future generations were not so wealthy. They were involved in the business but most of the family wealth was put into trust and most of the family did not in fact did not enjoy enormous wealth.
The early Rockefellers made their wealth from being in certain businesses and remained personally very wealthy.
My family was in two businesses - they were in the textile business, and they were in the candy business. The conversations around the dinner table were all about the factory floor and how many machines were running and what was happening in the business. I grew up very engaged in manufacturing and as part of a family business.
Where wealth is concerned, individuals aren't stuck in little boxes. You don't start out wealthy, stay wealthy, and end wealthy.
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.
My premise is not to tax to destroy the wealth of the wealthy; it's to increase the wealth of the bottom and the middle class.
Franklin said once in one of his inspired flights of malignity--
Early to bed and early to rise
Make a man healthy and wealth and wise.
As if it were any object to a boy to be healthy and wealthy and wise on such terms.
I think the thing about capitalism is it's an evil necessity, capitalism. Communism has been tried and failed, and socialism, that doesn't work very well. Capitalism works, but the problem about capitalism is it does mean that a few individuals become very wealthy. Therefore, I think those individuals have enormous responsibility to redistribute that wealth either by creating new businesses or creating new jobs and making sure that money just doesn't lie in a bank account for future generations.
I'm very blessed, mainly because even though my family is mostly in show business, it's really centered around music. My parents were very successful in many ways, but they weren't necessarily top of the charts. We were never wealthy because of music. We always had to work and we always had to struggle a little bit, and I think at the end of the day that's been very good for me, because I have a sense of it being very ephemeral.
If it were (Is it not) outrageous that society should treat with such rigid precision those of its members who were most poorly endowed in the distribution or wealth that chance had made, and who were, therefore, most worthy of indulgence.
...those who are guilty of such sweeping criticisms [of the rich] do not know how many people would be made poor, and how much sufering would result, if wealthy people were to part all at once with any large proportion of their wealth in a way to disorganize and cripple great business enterprises.
If exclusive privileges were not granted, and if the financial system would not tend to concentrate wealth, there would be few great fortunes and no quick wealth. When the means of growing rich is divided between a greater number of citizens, wealth will also be more evenly distributed; extreme poverty and extreme wealth would be also rare.
The arts were a big part of my childhood. We went to the theatre and opera a lot as a family. We were not at all wealthy, but it was at a time when the arts were publicly funded and there were free tickets available. For someone like myself who wasn't that academically inclined, it was a great escape.
It is doubtful if even experience of riches and success is as intense among those who have experienced nothing else as among those who have also experienced poverty and failure. There is little romance in wealth to those who have been born wealthy and whose families have been wealthy for generations.
You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.
I think when my parents were together, my family was too prosperous for our psychological health. Not that they were that rich, but I feel that usually inherited wealth causes psychological problems.
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