Economic Inequality Quotes

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

Labour parades compassion for the poor, but it practised casual cruelty by consigning millions to benefits. Yet there's nothing compassionate about being trapped on benefits, being robbed of the dignity of work, and shut out from the choices that brings.

While property continues to be pretty equally divided, and a considerable share of information pervades the community, the tendency of people’s suffrage will be to elevate merit even from obscurity. As riches increase and accumulate in a few hands, as luxury prevails in society, virtue will be in greater degree considered only as a graceful appendage of wealth, and the tendency of things will be to depart from the republican standard.

The major western democracies are moving towards corporatism. Democracy has become a business plan, with a bottom line for every human activity, every dream, every decency, every hope. The main parliamentary parties are now devoted to the same economic policies - socialism for the rich, capitalism for the poor - and the same foreign policy of servility to endless war. This is not democracy. It is to politics what McDonalds is to food.

Labor in white skin cannot be free so long as labor in a black skin is branded.

The few who understand the system [of banking with capitalism] will either be so interested in its profits or be so dependent upon its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests

Neither the rich nor the poor have great interest in government. The rich can afford their own security … in their gated communities and their own information networks. The poor are usually so pushed against the wall that they do not have time for the mechanics of the government. If you lose the middle class, you lose democratic government.

Socialism never took root in America because the poor see themselves not as an exploited proletariat, but as temporarily embarrassed millionaires.

Money is the probably the most successful story ever told. It has no objective value... but then you have these master storytellers: the big bankers, the finance ministers... and they come, and they tell a very convincing story.

What the welfare system and other kinds of governmental programs are doing is paying people to fail. In so far as they fail, they receive the money; in so far as they succeed, even to a moderate extent, the money is taken away.

Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits

I like when money makes a difference but don't make you different

Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.

The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands.

You're a slave in your own country, White Man. Each year you get to keep less of the fruits of your labor; each year it gets more difficult to carry the burden the aliens have placed upon you; each year the cheap labor of aliens makes your future less secure; each year you retreat a few steps more into the world of slavery.

Affirmative action and forced integration are responsible for the almost complete destruction of private property and the erosion of freedom of contract, association, and disassociation.

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

Intellectuals have a tendency to see poverty as a great moral problem to which they have a solution. The human race began in poverty, so there’s no mysterious explanation as to why some people are poor. The question is why have some people gotten prosperous, and in particular, why have some gotten prosperous to a greater degree than others. But everybody started poor so poverty is not a mystery to be solved by intellectuals. Intellectuals have no interest in what creates wealth and what inhibits the creation of wealth. They are very concerned about the distribution of it, but they act as if wealth just exists somehow.

We National Socialists are enemies, deadly enemies, of the present capitalist system with its exploitation of the economically weak … and we are resolved under all circumstances to destroy this system!

A worker's paradise is a consumer's hell.

Nathaniel Rich wrote 'Odds Against Tomorrow' well before Hurricane Sandy and its surge crashed onto the isle of Manhattan, well before the streets were flooded and the subways drowned, only the Goldman Sachs building sparkling above the darkened avenues.

SOCIALISM—You have two cows, you give one to your neighbor; COMMUNISM—You have two cows, the government takes them both and gives you the milk; FASCISM—You have two cows, the government takes both and sells you the milk NAZISM—You have two cows, the government takes both and shoots you; CAPITALISM—You have two cows, you sell one and buy a bull; TRADE UNIONISM—You have two cows, they take them from you, shoot one, milk the other and throw the milk away; MORAL: Don't have anything to do with cows. They only bring you trouble.

Communism is idiocy. They want to divide up the property. Suppose they did it -- it requires brains to keep money as well as make it. In a precious little while the money would be back in the former owner's hands and the communist would be poor again.