A Quote by Ralph Nader

Gates's net wealth is greater than the combined net worth of the poorest 40% of Americans (112,000,000 people). — © Ralph Nader
Gates's net wealth is greater than the combined net worth of the poorest 40% of Americans (112,000,000 people).
The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were "underwater" on their home mortgages, owing more than the value of the home. This $11,000 average is 50 percent lower than the average wealth of the lower half of families in 1989, adjusted for inflation.
Whites have more than eleven times the net worth or wealth of African Americans. They make greater salaries. Our unemployment rate is twice theirs. You look at the prison system and who that's chewing up.
The net worth of the 358 richest people in the world was then found to be 'equal to the combined income of the poorest 45 per cent of the worlds population - 2.3 billion people.
It is not size that counts in business. Some companies with $500,000 capital net more profits than other companies with $5,000,000. Size is a handicap unless efficiency goes with it.
The distribution of wealth is even more unequal than that of income. ...The wealthiest 5% of American households held 54% of all wealth reported in the 1989 survey. Their share rose to 61% in 2010 and reached 63% in 2013. By contrast, the rest of those in the top half of the wealth distribution ?families that in 2013 had a net worth between $81,000 and $1.9 million ?held 43% of wealth in 1989 and only 36% in 2013.
If you have a horse that can beat horses worth $20,000, typically you enter it in a $20,000 claiming race. Now there might be people who feel their horse is worth $20,000, and they say, 'I wouldn't mind seeing the horse get beat.' So they'll enter it for $40,000 so the horse looks like it's performed badly.
Of the 2,000,000 Armenians in Turkey in 1914, one million have been slaughtered, and the survivors only 130,000 remain in Turkey and the rest are refugees and exiles. Armenian property losses are valued at over 5,000,000,000 dollars are more than three fourths of the estimated wealth of the Armenian race.
In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is a lot. Today, after serial bubble after serial bubble, the top five per cent have net worth of $40 trillion. The top five percent have gained more wealth than the whole human race had created prior to 1980.
Two or three girls go to a club and they've worked out that one player is worth 50,000 (128,000), another's worth 30,000 (77,000). That's the reality.
There is a reason so many Americans choose to develop their net worth through homeownership: It is a proven wealth builder and savings compeller.
Poor people, especially those of color, are worth nothing to corporations and private contractors if they are on the street. In jail and prisons, however, they can each generate corporate revenues of $30,000 to $40,000 a year.
We've got people that are paying premiums of $1,000 a month out there, and then they've got a deductible of $1,000. If you're making $40,000, $50,000, $60,000 out there and you've got an Obamacare plan, by and large you've got an insurance card, but you don't have any care because you can't afford the deductible.
I thought, you know, I can sit at home in my La-Z-Boy, on Facebook, and reach more people than I can on a tour. Because I reach 30,000 to 40,000 people for every Facebook post, some even reach 50,000 to 60,000. And I thought, if it's about reaching people, and not about making money, why bother touring?
The 21 Arab states that could easily have absorbed the original 650,000 Palestinian refugees in 1948 refused to do so, even though their combined land mass was 700 times greater than that possessed by Israel. By contrast, the Jewish population of the new state was only 600,000, yet Israel willingly absorbed some 820,000 Jewish refugees from Europe.
Kids store 10.000 songs on the home computer, after having pricked them on the Net. The company, of the deputies, the senators find that virtuous! However, it is a moral problem: you will not fly, learns one with our children. Moreover, these plunders via the Net are carried out in the anonymat.
One of the dangers about net-net investing is that if you buy a net-net that begins to lose money your net-net goes down and your capacity to be able to make a profit becomes less secure. So the trick is not necessarily to predict what the earnings are going to be but to have a clear conviction that the company isn't going bust and that your margin of safety will remain intact over time.
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