wealth distribution quotes

Governments are not representative. They have their own power, serving segments of the population that are dominant and rich.

Income inequity has to be addressed.

A first-generation fortune is the most likely to be given away, but once a fortune is inherited it’s less likely that a very high percentage will go back to society.

Me and my dad are the biggest promoters of an estate tax in the US. It’s not a popular position.

In order to deal with all the medical cost demands and other challenges in the U.S., as we look to raise that revenue, the rich will have to pay slightly more. That’s quite clear.

Capitalism has proven to be the only system that works, but the problem with capitalism is that extreme wealth ends up in the hands of a few people.

Now, anybody who thinks that we can move this economy forward with just a few folks at the top doing well, hoping that it’s going to trickle down to working people who are running faster and faster just to keep up, you’ll never see it.

I think when you spread the wealth around it’s good for everybody.

This 90/10 rule holds true in almost anything financial. Take the game of golf, for example. Ten percent of the professional golfers make 90 percent of the money.

A little over 5% of the world’s population produces almost 29% of the world’s goods and services.

Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed.

The Lord commonly gives riches to foolish people, to whom he gives nothing else.

The problem with socialism is that you eventually run out of other peoples‘ money.

We can’t leave people in abject poverty, so we need to raise the standard of living for 80% of the world’s people, while bringing it down considerably for the 20% who are destroying our natural resources.

I just think that – when a country needs more income and we do, we’re only taking in 15 percent of GDP, I mean, that – that – when a country needs more income, they should get it from the people that have it.

The capitalist system is about taking from the Earth and from the other great commodity, labour. What’s happening with this system is that the rich are getting richer and the poor are getting poorer, and the only way out of it is supposed to be growth. But growth is debt. It’s going to make the situation worse.

I don’t want you to apologize for being rich; I want you to acknowledge that in America, we all should have to pay our fair share.

Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.