A Quote by Leonard Read
Socialism takes and redistributes wealth, but it is utterly incapable of creating wealth.
Related Quotes
The number one reason most people don't get what they want is that they don't know what they want. Rich people are totally clear that they want wealth. They are unwavering in their desire. They are fully committed to creating wealth. As long as it's legal, moral, and ethical, they will do whatever it takes to have wealth. Rich people do not send mixed messages to the universe. Poor people do.
We have among us a class of mammon worshippers, whose one test of conservatism, or radicalism, is the attitude one takes with respect to accumulated wealth. Whatever tends to preserve the wealth of the wealthy is called conservatism, and whatever favors anything else, no matter what, they call socialism.
The only way to make real wealth is to get rid of your salary. In a salary, by definition, you are creating wealth for others, and you are creating a chain and handcuffs for yourself.
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.
Bare-faced covetousness was the moving spirit of civilization from its first dawn to the present day; wealth, and again wealth, and for the third time wealth; wealth, not of society, but of the puny individual, was its only and final aim.
Suddenly absurdism wasn’t an intellectual abstraction, it was actually realism. You could see the way that wealth was begetting wealth, wealth was begetting comfort — and that the cumulative effect of an absence of wealth was the erosion of grace.
Creativity is the foundation of wealth. All progress comes from the creative minority. Under capitalism, wealth is less a stock of goods than a flow of ideas, the defining characteristic of which is surprise. If it were not surprising, we could plan it, and socialism would work.
[T]he essence of so-called war prosperity: it enriches some by what it takes from others. It is not rising wealth but a shifting of wealth and income.
When the Industrial Revolution of the nineteenth century brought a rapid increase in wealth, the demand of workers for a fair share of the wealth they were creating was conceded only after riots and strikes.
What is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable.
Liberalism's key principle is to redistribute wealth from the haves to the have nots. That takes money from the entities with the greatest potential to improve society (for example, corporations that create jobs, invent life-saving medicines, etc.) and redistributes it to the people, whom on average, will never contribute more to society than to hold a menial job.
Every man of ambition has to fight his century with its own weapons. What this century worships is wealth. The God of this century is wealth. To succeed one must have wealth. At all costs one must have wealth.
Investing is for wealth preservation, not wealth creation, so first you have to make wealth.
'Egalitarians' who complain about inequality view the wealth of the wealthiest as bad in itself: it disfigures society. They would enact a wealth tax to extirpate the offending wealth.
I think, with Obama and the progressives, you've seen a massive expansion of big government, and it's all based on a moral premise. The moral premise is that wealth is theft. And I don't just mean the wealth of America, I mean, your wealth, my wealth.
I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects" involve mathematical puzzles that are not nearly so well worked out as physics theories and never can be... What has happened in Japan over roughly the last ten years has shaken up academic economics, as it obviously should, creating strong worries about recession from "wealth effects" in reverse.
Related Authors
Barack Obama Quotes
American
President
Benjamin Franklin Quotes
American
Politician
Cassandra Clare Quotes
American
Author
Deepak Chopra Quotes
American
Speaker
Donald Trump Quotes
American
President
Frederick Lenz Quotes
American
Author
George W. Bush Quotes
American
President
Henry David Thoreau Quotes
American
Author
Hillary Clinton Quotes
American
Politician
Mark Twain Quotes
American
Writer
Noam Chomsky Quotes
American
Activist
Ralph Waldo Emerson Quotes
American
Philosopher
Rick Riordan Quotes
American
Author
Rush Limbaugh Quotes
American
Entertainer
Sherrilyn Kenyon Quotes
American
Writer
Thomas Jefferson Quotes
American
President