A Quote by Thomas Sowell
Money goes out first to pay expenses and then comes back as profits later - if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.
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To walk in money through the night crowd, protected by money, lulled by money, dulled by money, the crowd itself a money, the breath money, no least single object anywhere that is not money. Money, money everywhere and still not enough! And then no money, or a little money, or less money, or more money but money always money. and if you have money, or you don't have money, it is the money that counts, and money makes money, but what makes money make money?
Many liberals argue that big U.S. companies don't really pay the top corporate rate. While this is sometimes true, it's mainly because, during recessions, companies lose money, and get a tax loss carryforward that temporarily reduces their effective rate. But during economic expansions, when profits rise, companies then do pay the top rate.
I remember hearing, back in the day, so-and-so got a deal, and bands are spending the money. Some of them live in the old days, where money is coming in and budgets are endless, but bands have to pay that back. Some bands just don't realize that.
When the government takes more money out of the pockets of middle class Americans, entrepreneurs, and businesses, it lessens the available cash flow for people to spend on goods and services, less money to start businesses, and less money for businesses to expand - i.e. creating new jobs and hiring people.
If you’re not familiar with it, a college degree is a thing that we tell our kids to buy with money they don’t have, in hopes that it will help them make money they might earn, which will give them the ability to pay back the money they spent in order to make the money they’re paying it back with.
The goal of a private company is, first, zero to one. Get past the product market fit, figure out whether people actually care about what you're trying to build and someone will pay you money for that. That's the zero to one problem. So scaling, one through N, is figuring out can you do that at scale and how big is the scale. And when people pay you more than what it costs for you to make it, does that equation end up leaving you with money left over, i.e. profits.
Historically, over the last two or three hundred years, the relationship that we've had with money as a society - having money, talking about money - has been a little bit of a shameful thing. Splashing money about is clearly wrong, but there's nothing wrong about giving it back.
I’d say that Berkshire Hathaway’s system is adapting to the nature of the investment problem as it really is. We’ve really made the money out of high quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the big money’s been made in the high quality businesses. And most of the other people who’ve made a lot of money have done so in high quality businesses.
I've seen too many people who struggle financially who save thousands of dollars and go on a one year trip. And then they come back out of money, thirty years old, and back to living with their parents and saying 'I'm back to getting any job possible to get more money for travel.'
If we actually supported these gay artists and pumped money behind them the same way they pump money behind these divas, a conversation of homophobia in hip hop wouldn't be. Because I would have the money and the revenue coming in. It's not about homophobia or who's going to push back. It's all about who's supporting you and where there's money from.
The variation in the value of money, however great, makes no difference in the rate of profits.
I never viewed money as being 'my money' I always saw it as 'the money.' It's a resource. If it pools up around me then it needs to be flushed back out into the system.
I put $5 million into the real-estate business when the world was coming to an end, and three years later, by 1980, I woke up and was worth a hundred. That's a lot of money back then.
A lot of the point mags are going out of business. They dropped the pay tremendously and it's all because of the internet. I used to go out once a month to LA and shoot for one week. I'd make a ton of money then come back to New York and do whatever I wanted.
When bills come in, Medicare get so many bills every day, it pays most of them and then goes back later to figure out if they were fraudulent, if it ever goes back at all.
We're more concerned about climate or economic equality or racial justice or anything else that is good for people and the planet, we simply must also spend some time wresting back our money-marinated democracy. This will require getting money out of politics and then getting people back in.
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