Wednesday, May 01, 2024 Text is available under the CC BY-SA 3.0 licence.

Ha-Joon Chang

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Making rich people richer doesn't make the rest of us richer.
--
Thing 13

 
Ha-Joon Chang

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I don't think it's a good attitude in your life to feel that you have to be rich to have self-esteem. You know, I saw a billboard in New York I wish I had photographed. It was for the TNN network. It said three words against a patriotic background of red, white and blue — BIGGER, YOUNGER, RICHER. Now, I find that fascinating: 'Bigger, younger, richer.' This whole idea of being wealthy has gone too far. I never ride in a limousine, you know. I feel gross if I get in a limousine. One good thing about the sixties was it sort of was the opposite back then. You looked silly trying to appear rich.

 
Tom Petty
 

Science in the modern world has many uses; its chief use, however, is to provide long words to cover the errors of the rich. The word "kleptomania" is a vulgar example of what I mean. It is on a par with that strange theory, always advanced when a wealthy or prominent person is in the dock, that exposure is more of a punishment for the rich than for the poor. Of course, the very reverse is the truth. Exposure is more of a punishment for the poor than for the rich. The richer a man is the easier it is for him to be a tramp. The richer a man is the easier it is for him to be popular and generally respected in the Cannibal Islands. But the poorer a man is the more likely it is that he will have to use his past life whenever he wants to get a bed for the night. Honour is a luxury for aristocrats, but it is a necessity for hall-porters.

 
Gilbert Keith Chesterton
 

I suppose that the main benefit of being rich (over just being independent) is to be able to despise rich people (a good concentration of whom you find in glitzy ski resorts) without any sour grapes. It is even sweeter when these farts don't know that you are richer than they are.

 
Nassim Nicholas Taleb
 

Making the rich poorer does not make the poor richer, but it does make the state stronger—and it does increase the power of officials and politicians, power more menacing, more permanent and less useful than market power within the rule of law. Inequality of income can only be eliminated at the cost of freedom. The pursuit of income equality will turn this country into a totalitarian slum.

 
Keith Joseph
 

The political, the economic philosophy of Black Nationalism only means that we have to become involved in a program of re-education to educate our people into the importance of knowing that when you spend your dollar out of the community in which you live, the community in which you spend your money becomes richer and richer; the community out of which you take your money becomes poorer and poorer.

 
Malcolm (Malcolm Little) X
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