The market is the creator of social wealth and the wellspring of self-sustaining economic development.
If in a country, most of the wealth is concentrated in the hands of the few, then this country can hardly witness harmony and stability.
Here’s a current example of the challenge we face. At the height of its power, the photography company Kodak employed more than 140,000 people and was worth $28 billion. They even invented the first digital camera. But today Kodak is bankrupt, and the new face of digital photography has become Instagram. When Instagram was sold to Facebook for a billion dollars in 2012, it employed only thirteen people. Where did all those jobs disappear to? And what happened to the wealth that all those middle-class jobs created?
But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral Sentiments as for The Wealth of Nations. And as he understood so well, society is more than the sum of its individual parts.
Entertainers and sports figures achieve fame and wealth but find the world empty and dull without the solace and stimulation of drugs.
We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a small annual tax on the value of stocks and bonds, the major assets of the wealthy?
We were happy a hundred years ago. We knew that there were exploiters and exploited, wealthy and poor, and we had a perfect idea of how to get rid of injustice; we would expropriate the owners and turn the wealth over to the common good. We expropriated the owners and we created one of the most monstrous and oppressive social systems in world history. And we keep repeating that in principle everything was all right, only some unfortunate accidents slipped in and slightly spoiled the good idea. Now let us start afresh.
It is easy to understand that the nearer we live to the source of wealth, the more wealth we shall receive.
Those who seek the deeper Christian life and those who want the riches that are in Christ Jesus the Lord seek no place, no wealth, no things, only Christ.
Economics is not politics. One is a science, concerned with the immutable and constant laws of nature that determine the production and distribution of wealth; the other is the art of ruling.
I just love to fight. I like to hurt people. I haven't lost that. I didn't lose it when I first got a bit of wealth and I haven't lost it now. The nature of my business is to hurt people.
California is now a valuable touchstone to the country, a warning of what not to do. Rarely has a single generation inherited so much natural wealth and bounty from the investment and hard work of those more noble now resting in our cemeteries-and squandered that gift within a generation.
All of the great ideas, without action, become stale and useless. The key to turning dreams into reality is action. People who have great ideas are a dime a dozen. People who act on their dreams and ideas are the select few, but they are the ones who gain the wealth, wealth and wisdom that is available. Someone will act today. Let it be you.
A look filled with understanding, an accepting smile, a loving word, a meal shared in warmth and awareness are the things which create happiness in the present moment. By nourishing awareness in the present moment, you can avoid causing suffering to yourself and those around you. The way you look at others, your smile, and your small acts of caring can create happiness. True happiness does not depend on wealth or fame.
Liberals tend to be much more concerned about business and corporations as the oppressors. They look to government as the solution. On the Right it's the opposite. They see business as good, as what generates wealth in society, and they see government as the oppressor, which makes it hard for especially small businesspeople.
Securing, not prohibiting, the orderly transfer of wealth from A to B, based on wealth differentials, is the raison d'être of the [New Deal programs]. The contrast between the modern progressive and classical liberal agendas could not be more explicit.
There are few problems in the world that economic prosperitycannot help solve. Yet the engines of that prosperity are under fierceattack. The forces that seek power over others have gained the upperhand against those that seek freedom. By harming wealth creation,they cause even more strain on society. Historically, this is nothingnew. State domination over its subjects has roots that connect statism,totalitarianism, communism, and socialism to more modern-day variantsof liberalism and progressivism. It is a constant fight and we mustwin.
She wondered how people would remember her. She had not made enough to spread her wealth around like Carnegie, to erase any sins that had attached to her name, she had failed, she had not reached the golden bough. The liberals would cheer her death. They would light marijuana cigarettes and drive to their sushi restaurants and eat fresh food that had traveled eight thousand miles. They would spend all of supper complaining about people like her, and when they got home their houses would be cold and they'd press a button on a wall to get warm. The whole time complaining about big oil.
If you compromise with your own conscience, you will weaken your conscience. Soon your conscience will fail to guide you and you never will have real wealth based on peace of mind.
What is most necessary for people and what is given us in great abundance, are experiences, especially experiences of the forces within us. This is our most essential food, our most essential wealth. If we consciously receive all this abundance, the universe will pour into us what is called life in Judaism, spirit in Christianity, light in Islam, power in Taoism.
The most important element in human life is faith; if God were to take away all his blessings-health, physical fitness, wealth, intelligence-and leave me with but one gift I would ask him for faith. For with faith in him and his goodness, mercy and love for me, and belief in everlasting life, I believe I could suffer the loss of all my other gifts and still be happy.
To be ambitious for wealth, and yet always expecting to be poor, to be always doubting your ability to get what you long for, is like trying to reach east by traveling west. . . . No matter how hard you work for success, if your thought is saturated with the fear of failure, it will kill your efforts, neutralize your endeavors, and make success impossible.
Those that will not permit their wealth to do any good for others. . . cut themselves off from the truest pleasure here and the highest happiness later.
I humbly thank the gods benign, For all the blessings that are mine... The morning drips her dew for me, Noon spreads an opal canopy. Home-bound, the drifting cloud-crafts rest Where sunset ambers all the west; Soft o'er the poppy-fields of sleep, The drowsy winds of dreamland creep. What idle things are wealth and fame Beside the treasures one could name!
The ‘absorbent mind’ welcomes everything, puts its hope in everything, accepts poverty equally with wealth, adopts any religion and the prejudices and habits of its countrymen, incarnating all in itself. This is the child!
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