Inherited Wealth Quotes

There is inherited wealth in this country and also inherited poverty. ~ John F. Kennedy

Photography records the gamut of feelings written on the human face, the beauty of the earth and skies that man has inherited, and the wealth and confusion man has created. It is a major force in explaining man to man. ~ Edward Steichen

When the rate of return on capital significantly exceeds the growth rate of the economy (as it did through much of history until the nineteenth century and as is likely to be the case again in the twenty-first century), then it logically follows that inherited wealth grows faster than output and income. People ~ Thomas Piketty

Growing up in stable, happy, and secure households may end up killing ambition, which leads to downward social mobility. The most extreme examples of this are found in aristocratic families, in which the amount of inherited wealth tends to decline with every generation. ~ Tomas Chamorro-Premuzic

Men are naturally lazy, and require some great stimulus to goad their flagging ambitions and enable them to overcome the inertia which comes from ease and the consciousness of inherited wealth. Whatever lessens in a young man the feeling that he must make his way in the world cripples his chance of success. Poverty has ever been the priceless spur that has goaded man up to his own loaf. ~ Orison Swett Marden

Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be. ~ Thomas J. Stanley

You know what's wrong with scientific power? It's a form of inherited wealth. And you know what assholes congenitally rich people are. ~ Michael Crichton

the baby boom cohorts had to make it on their own, almost as much as the interwar and turn-of-the-century cohorts, who were devastated by war. By contrast, the cohorts born in the last third of the century experienced the powerful influence of inherited wealth to almost the same degree as the cohorts of the nineteenth and twenty-first centuries. ~ Thomas Piketty

Inherited wealth may be easily squandered, but inherited poverty is a legacy almost impossible to loose. ~ Eric Haney

The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and '20s. ~ Thomas Piketty

Thatcher set ordinary people free, but into a landscape that her other policies had already shaped to suit other, more powerful interests, such as large corporations or Britons with inherited wealth. ~ Andy Beckett

Given the complexity in strategy, governance and relationships involved in family business, one might marvel that a family ever emerges on the other side and wants to find a permanent way to continue together. But many families that have successfully accumulated significant wealth begin to search for a means to preserve it for present and future generations. One way to do so is to form a family office. Although definitions differ, a family office is generally organized to manage and leverage the family's collective wealth, with an emphasis on stewardship rather than growth. Stewardship implies a long-term view and looks at inherited wealth as something to be treasured and preserved, in real terms, for future generations of family. A sense of stewardship is a powerful motivator, in the first place, not to destroy the financial and philosophical legacy of the founder and, second and ideally, to extend the reach of these resources into the modern day. We are going to talk extensively ~ Joachim Schwass

You have to do your own growing no matter how tall your grandfather was. ~ Abraham Lincoln

My grandfather ... saw where inherited wealth ruined people. And my grandfather was right. ~ Dan Quayle

A common objection to inherited wealth is that it stifles the urge to work. I have not generally observed this to be true. ~ Louis Auchincloss

Of all the potential perils to the new American republic, the prospect of concentrated power ... troubled the intellectual leaders of the Revolutionary generation. Familiar as the founders were with old Europe ... they understood why the accumulation of inherited wealth led to inequities and imbalances that inevitably corrupted any system of government. ~ Joe Conason

I regard large inherited wealth as a misfortune, which merely serves to dull men's faculties. A man who possesses great wealth should, therefore, allow only a small portion to descend to his relatives. Even if he has children, I consider it a mistake to hand over to them considerable sums of money beyond what is necessary for their education. To do so merely encourages laziness and impedes the healthy development of the individual's capacity to make an independent position for himself. ~ Alfred Nobel

Scientific power is like inherited wealth; attained without discipline. You read about what others have done, and you take the next step. You can do it very young. You can make progress very fast. ~ Michael Crichton

Most kinds of power require a substantial sacrifice by whoever wants the power. There is an apprenticeship, a discipline lasting many years. Whatever kind of power you want. President of the company. Black belt in karate. Spiritual guru. Whatever it is you seek, you have to put in the time, the practice, the effort. You must give up a lot to get it. It has to be very important to you. And once you have attained it, it's your power. It can't be given away: it resides in you. It is literally the result of your discipline.

Now what is interesting about this process is that, by the time someone has acquired the ability to kill with his bare hands, he has also matured to the point where he won't use it unwisely. So that kind of power has a built-in control. The discipline of getting the you so that you won't abuse it.
But scientific power is like inherited wealth: attained without discipline. You read what others have done, and you take the next step. You can do it very young. You can make progress very fast.
There is no discipline lasting many decades. There is no mastery: old scientists are ignored. There is no humility before nature. There is only a get-rich-quick, make-a-name-for-yourself-fast philosophy.
Cheat, lie, falsify--it doesn't matter. Not to you, or to your colleagues. No one will criticize you. No one has any standards. They all trying to do the same thing: to do something big, and do it fast.
"And because you can stand on the shoulder ~ Michael Crichton

But inherited wealth reaches its utmost value when it falls to the individual endowed with mental powers of a high order, who is resolved to pursue a line of life not compatible with the making of money; for he is then doubly endowed by fate and can live for his genius; and he will pay his debt to mankind a hundred times, by achieving what no other could achieve, by producing some work which contributes to the general good, and redounds to the honor of humanity at large. ~ Arthur Schopenhauer

You will not be able to effectively utilize your inherited wealth if you do not work diligently ~ Sunday Adelaja

Inherited wealth may be something easily squandered, but inherited poverty is a legacy almost impossible to lose. ~ Eric L. Haney

There is a growing sentiment in America that regular saving should be ignored-that the government will take care of people and give them security when they get beyond a certain age or become old and unable to work, but it must be borne in mind that the people who earn and do save, take care of the government! Were it not for the thrifty and the willing workers, the government would be in a bad way. ~ George Matthew Adams

Yet man dies not whilst the world, at once his mother and his monument, remains. His name is lost, indeed, but the breath he breathed still stirs the pine-tops on the mountains, the sound of the words he spoke yet echoes on through space; the thoughts his brain gave birth to we have inherited to-day; his passions are our cause of life; the joys and sorrows that he knew are our familiar friends
the end from which he fled aghast will surely overtake us also!
Truly the universe is full of ghosts, not sheeted churchyard spectres, but the inextinguishable elements of individual life, which having once been, can never die, though they blend and change, and change again for ever. ~ H. Rider Haggard

She doesn't have a ring on each finger, or a big diamond on each ring.
She doesn't wear a gold watch that costs as much as a fancy car.
In fact, she doesn't own a fancy car.
She doesn't carry an enormous designer bag.
But she might have a newspaper under her arm.
She might mention Sartre or Foucault in a conversation.
It's her personality that sparkles and nothing else: the signs of intellectual wealth. ~ Anne Berest

We, the present generation, have the responsibility to act as a trustee of the rich natural wealth for the future generations. The issue is not merely about climate change; it is about climate justice. ~ Narendra Modi

Lord Jesus, thank You that my identity and worth is firmly rooted in You. My job doesn't define me, my relationships don't define me, and my various roles don't define me. I praise You for declaring me holy and dearly loved. You paid the highest price for my soul. How I thank You that I have value and significance in You. I am Your masterpiece, and You have gifted me uniquely for the roles You desire for me to play in Your kingdom. Thank You that I don't need to compare my gifts to the gifts of others in order to feel special. In Your kingdom, I am a royal priest/priestess. I praise You that I am a coheir with Christ and have inherited every blessing through Him. (Col. 3:12; 1 Cor. 6:12; Eph. 2:10; Isa. 43:4; Rom. 8:17) ~ Becky Harling

Nigeria is a great country, if not, one of the best in the world. It is just that we have rulers who are not leaders, but dealers. They engage in sales of the country's wealth of resources on daily basis for selfish interest and personal gains. ~ Olawale Daniel

All wars are fought for the acquisition of wealth ~ Socrates

All men have the stars," he answered, "but they are not the same things for different people. For some, who are travellers, the stars are guides. For others they are no more than little lights in the sky. For others, who are scholars, they are problems. For my businessman they were wealth. But all the stars are silent. You
you alone
will have the stars as no one else has them
~ Antoine De Saint Exupery

The inevitable consequence is that the wealthy become dominant. The wealthy set their own pay or the company boards pay very generously. Each company board, in hiring a new CEO, feels it must pay as much or more than the competitive companies pay their CEO, rather than using the firm's earnings or share price or some other yardstick. In many sectors, especially in the financial sector, there is more collusion than real competition. The wealthy see their pay as describing their worth, and they rely on their wealth and political influence to defeat democratic measures to contain or tax them sufficiently. Democracy is therefore in danger of being destroyed by capitalism. Unless there is higher taxation on wealth and more regulation to promote real competition, democracy is subverted.8 ~ Philip Kotler

The heart of seduction lies in the promise of prosperity and wealth. In ~ Iain M. Duguid

Money is the source of the greatest vice, and that nation which is most rich, is most wicked. ~ Fanny Burney

Eve: "What do you want?"
Nadine: "A man of amazing sexual prowess, great sensitivity, stupendous abs, and the face of an angel. Toss in a wicked sense of humor and stupendous wealth, who adores the very ground I walk on. Oh wait, you already have him. ~ J.D. Robb

If one has been blessed or have been fortunate enough to have got much more than normal wealth, it is but natural that one expects a certain fiduciary responsibility in terms of how that wealth is applied, used and leveraged for purposes of society. ~ Azim Premji

A successful business is a good way to create significant wealth, but not every business will grow into a News Corporation or a McDonalds. ~ Paul Clitheroe

When we share intelligence, wealth, or love, we grow. ~ Debasish Mridha

Once the Wheel of Love has been set in motion, there is no absolute rule.Your being contains mine; now I am truly part of you. Together as one, we form an unbroken circle of love.The wife is half the man, his priceless friend; Of pleasure, virtue, wealth, his constant source; A help throughout his earthly years; Through life unchanging, even beyond its end. ~ Bertrice Small

Some of God's noblest sons, I think, will be selected from those that know how to take wealth, with all its temptations, and maintain godliness therewith. It is hard to be a saint standing in a golden niche. ~ Henry Ward Beecher

National historical myths are a way of giving identity and more authenticity to a people. Exodus flattered the Jews half a millennium after it allegedly took place by making them feel like heroic refugees from slavery, and righteous conquerors of a land corrupted by paganism, wealth, and sex. The Illiad made the politicians, merchants, sailors, farmers, and schoolteachers of Athens in the fifth and fourth centuries B.C. into the heirs of austere, remorseless, honorable, courageous warriors, a race of demigods. Contrast this with the real Athenians of ca. 375 B.C. -- their bellies full of fishcakes, their throats bloated with cheap resined wine, their far-flung sharp commercial deals a laughable, reverse mirror-image of the noble warriors of the Trojan War era. ~ Norman F. Cantor

I never favored any political party. Being a conservative or a liberal, a Republican or a Democrat, these are just labels that people use to categorize each other so that they can quickly decide whether or not they want to listen to what they have to say. Politicians are not interested in empathizing with each other. They simply try to do as little as possible in the way of serving the public while building their reputation among their peers, amassing power and wealth that is unimaginable to the common American citizen that they supposedly represent. ~ Aaron B. Powell

Business is one of the most powerful institutions on Earth for creating wealth and opportunity and helping to lift people out of poverty. When you think about it that way, then business is not separate from development policy. ~ Peter Blair Henry

The mark of true wealth is determined by how much one can give away. ~ T. Harv Eker

Desire is insatiable as death, but He who fills all in all can fill it. The capacity of our wishes who can measure? But the immeasurable wealth of God can more than overflow it. ~ Charles Haddon Spurgeon

It is one of the issues that will have to be worked through however let me make the point and I think anyone would accept that if you set it up properly, not only will you get better environmental outcomes, you have a chance to create more wealth with the available resource. ~ John Anderson

I think it's terrible the way people don't share things in this country. I think it's a heartless government that will let one baby be born owning a big piece of the country, the way I was born, and let another baby be born without owning anything. The least a government could do, it seems to me, is to divide things up fairly among the babies. ~ Kurt Vonnegut

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 those middle-class jobs created? This book is built to answer questions like these, which will only become more common as digital networking hollows out every industry, from media to medicine to manufacturing. ~ Jaron Lanier

If we're going to actually come up with robots that will do our laundry or tidy up the kitchen, we're going to have to make sure that whatever replaces capitalism is based on a far more egalitarian distribution of wealth and power - one that no longer contains either the super-rich or desperately poor people willing to do their housework. Only then will technology begin to be marshaled toward human needs. And this is the best reason to break free of the dead hand of the hedge fund managers and the CEOs - to free our fantasies from the screens in which such men have imprisoned them, to let our imaginations once again become a material force in human history. ~ David Graeber

Trade and wealth creation is not all upside. It is failure, too.
Failure is a necessary component to growth and success. Babe Ruth
struck out 1,330 times but also hit 714 home runs. We need to let
failing entities fail. Only then will successful people turn these enterprises
back into wealth-creating vehicles again. "Too big to fail" is a
concept that perpetuates failure and saps vitality from the rest of the
wealth creators to do so. ~ Ziad K. Abdelnour

College graduates work in every sector of the American economy, and the research engines incubated within our universities generate a wealth of ideas and innovations that have an enormous impact on our lives. ~ Gordon Gee

Only that which lasts forever is real. That which is done in the temple lasts forever; therefore, the temple is the real world. Most of what we experience "out there," such as sickness, wealth, poverty, fame, etc., lasts for only a short period of time, so it is not the real world. ~ John H. Groberg

Though the details differ across the world, no known culture lacks some version of the time-consuming, wealth consuming, hostility provoking rituals, the anti-factual, counter-productive fantasies of religion. ~ Richard Dawkins

Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort. ~ Franklin D. Roosevelt

If you just know God, have a sense of His depth of love and abundance of grace all for you in Christ, you'll consequently find wealth appropriately unimpressive and suffering appropriately untroubling. This ~ Matt Chandler

I am grateful for the blessings of wealth, but it hasn't changed who I am. My feet are still on the ground. I'm just wearing better shoes. ~ Oprah Winfrey

It is easier to seize wealth than to produce it, and as long as the State makes the seizure of wealth a matter of legalized privilege, so long will the squabble for that privilege go on. ~ Albert Jay Nock

So the convict establishment, born of poverty and hatred, gave birth to wealth and hope. ~ Keith Sinclair

Let us return to the idea that universities generate wealth and the growth of useful knowledge in society. There is a causal illusion here; time to bust it. ~ Nassim Nicholas Taleb

As a rule, prayer is answered and funds come in, but if we are kept waiting, the spiritual blessing that is the outcome is far mar precious than exemption from the trial. ~ Hudson Taylor

I am absolutely convinced that no wealth in the world can help humanity forward, even in the hands of the most devoted worker in this cause. The example of great and pure characters is the only thing that can produce fine ideas and noble deeds. Money only appeals to selfishness and always tempts its owners irresistibly to abuse it. Can anyone imagine Moses, Jesus, or Gandhi armed with the money-bags of Carnegie? ~ Albert Einstein

I was blessed with another trait I inherited from my mother, her ability to forget the pain in life. I remember the thing that caused the trauma, but I don't hold onto the trauma. I never let the memory of something painful prevent me from trying something new. If you think too much about the ass kicking your mom gave you or the ass kicking that life gave you, you'll stop pushing the boundaries and breaking the rules. It's better to take it, spend some time crying, then wake up the next day and move on. You'll have a few bruises and they'll remind you of what happened and that's ok. But after a while, the bruises fade and they fade for a reason. Because now, it's time to get up to some shit again. ~ Trevor Noah

Wealth remains behind on earth while ibadaah accompanies you into the grave. ~ Al-Shafi'i

What history had I inherited that left me an alien in my place of birth? ~ Reni Eddo-Lodge

We live in a highly competitive society, each of us trying to outdo the other in wealth, in popularity or social prestige, in dress, in scholastic grades or golf scores. One is often tempted to say that conflict, rather than cooperation, is the great governing principle of human life. ~ S.I. Hayakawa

The only wealth is life. ~ Henry David Thoreau

Again, our marriage problems are not really marriage problems. They are heart problems. They are God problems. Our lack of intimacy with God causes a void that we try to fill with the frailest of substitutes. Like wealth or pleasure. Like fame or respect. Like people. Like marriage. ~ Francis Chan

When our attitude towards our material possessions and wealth is not proper, it can lead to an extreme attachment towards such things as our property, houses and belongings. This can lead to an inability to feel contented. If that happens, then one will always remain in a state of dissatisfaction, always wanting more. In a way, one is then really poor, because the suffering of poverty is the suffering of wanting something and feeling the lack of it. ~ Dalai Lama XIV