Transfer of Wealth Quotes

Of all the instrumentalities which have been conceived by the mind of man for transferring the bread which one man earns to another man who does not earn it, I believe the gold standard is the greatest.

7 percent of inheritors get two-thirds of all the wealth transfers..

The war years had taken their toll. A postwar depression created widespread suffering. States had acquired hefty debts, which caused legislatures to increase taxes to levels far higher, sometimes three to four times higher, than before the war. Most of these tax dollars ended up in the hands of speculators in state government securities that had been sold to cover war expenses. Many soldiers were forced to sell their scrip and land bounties to speculators at a fracture of the value. Wealth was being transferred upward, from the tattered pockets of poor farmers and soldiers to the bulging purses of a nouveau riche of wartime speculators and creditors—a new class of “moneyed men.”

While it may be difficult to understand why cities and even entire states would doom themselves to insolvency by undertaking these obligations, the answer is simple: Democratic politicians, who have near-total political control of California and of America's biggest cities, support this massive transfer of wealth to public employees.

'Freeing' a literary work into the public domain is less a public benefit than a transfer of wealth from the families of American writers to the executives and stockholders of various businesses who will continue to profit from, for example, 'The Garden Party,' while the descendants of Katherine Mansfield will not.

… the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.

We had people and we exported them faster than cattle, and like cattle, and while fathers, sons, and daughters cried all the way to the train and the bus and the ship, the flow back of emigrant cheques and money orders evaporated the maternal and wifely tears so that on the threshold of the Post Office or the Hibernian Bank below in main street you would make a little more with every passing week.