The rich get richer. Not only because they have surpluses with which to invest, but because of the overriding emotional release they experience from having wealth.
There's a wealth gap that is happening, and that is all over the world, you know? The rich are getting richer and holding a higher percentage of money or wealth that's out there.
We've always told stories through music and rhythm and movement, and what we know as western opera has only been around for a few hundred years and in different forms before that. There is great passion regardless of the fact that it's expensive and people who invest in it are giving money because they believe in it. They're not getting anything back other than satisfaction and enjoyment of hopefully many people having a human, deep, reflective and meditative experience that at its core is incredibly emotional.
If you believe that when the rich get richer, the poor get poorer, then you believe that creating wealth causes poverty, and you're an idiot.
Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.
One of the reasons the rich get richer, the poor get poorer and the middle class struggles in debt is because the subject of money is taught at home, not at school.
for someone such as myself, who is kind of feckless and immature, it's better to have rich friends than to be rich yourself, because then you have wealth without the responsibility. You get to go to their houses, and you get acquainted with a level of furniture that you cannot provide for yourself. Furniture, I think is the most important attribute of rich people.
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.
The indiscriminate denunciation of the rich is mischievous.... No poor man was ever made richer or happier by it. It is quite as illogical to despise a man because he is rich as because he is poor. Not what a man has, but what he is, settles his class. We can not right matters by taking from one what he has honestly acquired to bestow upon another what he has not earned.
With all thy getting, get understanding, is the banner under which these Forbes editorials have appeared since the first issue of the publication. We have no illusions about what great wealth can do and what it cannot do. We believe in the worthwhileness of striving by all worthy means to attain success and to attain wealth. Simply because we are convinced that no amount of money is worth the sacrifice of one's better instincts, of one's self-respect-of one's soul, if you wish-simply because we are convinced that riches not gained legitimately and decently are not worth having.
Once, a friend’s mom said to me when I was very young 'You can't really invest in your looks as the only thing because it's a depreciating asset. I think this is trueit’s like putting money into a stock that’s going down. Put your money, put your effort, invest in your brain and talent which will appreciate and get better as you get older.
The trickle-down theory of economics has it that it's good for rich people to get even richer because some of their wealth will trickle own, through their no doubt lavish spending, upon those who stand below them on the economic ladder. Notice that the metaphor is not that of a gushing waterfall but of a leaking tap: even the most optimistic endorsers of this concept do not picture very much real flow, as their language reveals" pg. 102.
The only thing that scares me in the tech area is that it moves so fast that you have to be ready to invest in 20 things. Because if you just invest in one, next week, somebody has a better mousetrap, and you get taken to the cleaners.
In financial terms, my sense is that the distribution of wealth, unequal as it is, is self-perpetuating, and, especially in a linked and accelerating world, the rich get ever more quickly richer while the poor get ever more speedily poorer.
The best way I know to get rich long-term is to invest prudently and conservatively and not try and get rich quick but try and get rich slowly, basically.
The rich do not have to invest enough in the poorest countries to make them rich; they need to invest enough so that these countries can get their foot on the economic ladder . . . Economic development works. It can be successful. It tends to build on itself. But it must get started.
After all, the rich get richer and the poor get children. Which is okay so long as lots of them starve in infancy.