Wealth Decline Quotes

Republics come to an end by luxurious habits; monarchies by poverty.

Nations are political and military entities, and so are blocs of nations. But it doesn't necessarily follow from this that they are also the basic, salient entities of economic life or that they are particularly useful for probing the mysteries of economic structure, the reasons for rise and decline of wealth. Indeed, the failure of national governments and blocs of nations to force economic life to do their bidding suggests some sort of essential irrelevance.

My great-great-grandfather, who made his money in the jute trade, had at one time 600 houses in London, and within three generations, the money was gone.

Like ice beneath the sun's rays - to such poverty did he fall...his fortune melted to water.

People at present think that five sons are not too many and each son has five sons also, and before the death of the grandfather there are already 25 descendants. Therefore people are more and wealth Is less; they work hard and receive little.

We are the first nation in the history of the world to go to the poorhouse in an automobile.

Three generations from shirtsleeves to shirtsleeves.

Increase in the wealth per capita fosters democracy; but the latter, at least according to what we have been able to observe up to now, entails great destruction of wealth and even eventually dries up the sources of it. Hence it is its own grave-digger, it destroys what gave it birth.

All the rich families who used to own all the British estates have gone bust because their children have blown their money.

In my judgment, excellence and wealth are direct opposites, since when the one shrinks, the other grows, and when one grows, the other shrinks.

Hee that lies long a bed, his estate feeles it.

For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise.

I used to play snooker in millionaires' mansions with marble floors and eat at the best places, but that's all over now.

I think what's happened to America, in a cultural sense, is we stopped getting richer as a country in the early 1970s, but we haven't adjusted our consumption patterns in any way, shape or form to meet the realities of the new lower income.