Swindling Profits Quotes

Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs. ~ Thomas Jefferson

The investor has a right to expect good results to flow from a consistent and courageous application of the principle of buying after the market has declined substantially and selling after it has had a spectacular rise. But he cannot expect to reduce this principle to a simple and foolproof formula, with profits guaranteed and no anxious periods. ~ Benjamin Graham

Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away. ~ Peter Thiel

All life produces waste. The act of living produces costs, hazards and disposal questions, and so the Ministry has found itself in the center of all life, mitigating, guiding and policing the detritus of the average person along with investigating the infractions of the greedy and short-sighted, the ones who wish to make quick profits and trade on others' lives for it. ~ Paolo Bacigalupi

Shouldn't you put the same amount of effort into your giving as you might for your for-profit investments? After all, philanthropy is an investment, and one in which lives - not profits - are at stake. ~ Laura Arrillaga-Andreessen

Every condition exists," Martin Luther King Jr. once wrote, "simply because someone profits by its existence. This economic exploitation is crystallized in the slum." Exploitation. Now, there's a word that has been scrubbed out of the poverty debate. ~ Matthew Desmond

Melancholy

(1) An excess of black bile, anatomized by Robert Burton, embraced by the swooning Romantics as evidence of their fine sensibilities, now fallen into disrepair, renamed as depression, wrongly attributed to a deficiency of serotonin and cured by infantilizing, self-indulgent 'therapy' and overpriced, addictive drugs pushed on harassed, gullible doctors by unscrupulous pharmaceutical companies which suppress their terrible side-effects in order to pursue their profits.

(2) A crippling disease of unknown aetiology which throughout human history has devoured hope, destroyed lives and, after a period of living death, sometimes relaxed its grip just long enough for the sufferer to summon the energy for a merciful suicide; now, at last, frequently curable by a combination of therapy and antidepressants. ~ Michael Bywater

The perfect target market for a startup is a small group of particular people concentrated together and served by few or no competitors. Any big market is a bad choice, and a big market already served by competing companies is even worse. This is why it's always a red flag when entrepreneurs talk about getting 1% of a $100 billion market. In practice, a large market will either lack a good starting point or it will be open to competition, so it's hard to ever reach that 1%. And even if you do succeed in gaining a small foothold, you'll have to be satisfied with keeping the lights on: cutthroat competition means your profits will be zero. ~ Peter Thiel

Yet the extravagant enthusiasm for profit persisted among businessmen. In the spring of 1969 Senator Long [spoke out against] a partisan of the oil industry...[and] that further taxation of oil profits would be disastrous. Such taxes... would remove "all business inventive and lead to Thursday to Tuesday weekends, wife swapping and drinking." Without the lure of profit, work would thus become meaningless. Americans would become pagan again and evils would prevail much like those that had inflamed Captain Endicott three centuries earlier ~ Jason Epstein

To go fishing is the chance to wash one's soul with pure air, with the rush of the brook, or with the shimmer of sun on blue water. It brings meekness and inspiration from the decency of nature, charity toward tackle-makers, patience toward fish, a mockery of profits and egos, a quieting of hate, a rejoicing that you do not have to decide a darned thing until next week. And it is discipline in the equality of men - for all men are equal before fish. ~ Herbert Hoover

John W. Snow was paid more than $50 million in salary, bonus and stock in his nearly 12 years as chairman of the CSX Corporation, the railroad company. During that period, the company's profits fell, and its stock rose a bit more than half as much as that of the average big company. ~ Alex Berenson

When you create an economy where you subsidize corporate profits through a welfare program and food stamps in order to keep wages low in some perverse pursuit of 'competiveness,' than you reap the fruits of the anger that you sow. ~ Martin O'Malley

The Social Responsibility of Business is to Increase its Profits ~ Milton Friedman

Food is a great metaphor for the consolidation of corporate power in the hands of very few, who are mostly interested in their own profits and not the wellbeing of the animals they're slaughtering, or the land and the water they're using or abusing, or the workforce they're exploiting or even the people eating it. ~ Robert Kenner

What kind of town is this
What sort of streets are these
Who invented this
who profits by it
I saw peddlers
at every corner
they're selling little guillotines
with tiny sharp blades
and dolls filled with red liquid
which spurts fro the neck
when the sentence is carried out.
What kind of children are these
who can play
with this toys so efficiently
and who is judging ~ Peter Weiss

The best attitude to receive the Pope's teachings is to understand that he is a religious leader and the essence of his message comes from the Gospel, not from one ideology or another.And so, if our economic systems are not oriented toward the human person but only concerned with profits, he wants to confront the system and change it. This, by the way, is common to all the popes, it comes directly from the so-called social teachings of the church. ~ Marcelo Sanchez Sorondo

For scientists, growing cells took so much work that they couldn't get much research done. So the selling of cells was really just for the sake of science, and there weren't a lot of profits. ~ Rebecca Skloot

Drug companies say they need to charge ever-higher prices to cover their research costs, but they spend far less on research and development than they do on marketing and administration, and afterwards they actually keep more in profits. ~ Marcia Angell

Global reinsurance companies are making billions in profits, in part by selling new kinds of protection schemes to developing countries that have done almost nothing to create the climate crisis, but whose infrastructure is intensely vulnerable to its impacts.8 ~ Naomi Klein

companies that achieve a high return on capital are likely to have a special advantage of some kind. That special advantage keeps competitors from destroying the ability to earn above-average profits. ~ Joel Greenblatt

There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got. ~ Ludwig Von Mises

To see how boring you really are, write a book about soap and cults, and the profits you make will be your only means of subsistence. ~ Chuck Palahniuk

If bankers can push the loans and make more profits for the bank, they get paid higher bonuses. They often also get stock options. If the bank goes under, they get to keep all of these salaries and options - and the government will bail out the bank. These guys will take their money and run, which is pretty much what they're doing now. ~ Michael Hudson

The old way of doing 'good business' was based on the principle, 'the ends justifies the means.' In the future, good business will invoke 'the means justifying the ends.' The E P&L can already serve as an important tool to help this shift in commerce from generating profits with collateral damages to profits with collateral benefits. ~ Jochen Zeitz

The paradox of our time in history is that we have taller buildings but shorter tempers, wider Freeways, but narrower viewpoints. We spend more, but have less, we buy more, but enjoy less. We have bigger houses and smaller families, more conveniences, but less time. We have more degrees but less sense, more knowledge, but less judgment, more experts, yet more problems, more medicine, but less wellness.

We drink too much, smoke too much, spend too recklessly, laugh too little, drive too fast, get too angry, stay up too late, get up too tired, read too little, watch TV too much, and pray too seldom. We have multiplied our possessions, but reduced our values. We talk too much, love too seldom, and hate too often.

We've learned how to make a living, but not a life. We've added years to life not life to years. We've been all the way to the moon and back, but have trouble crossing the street to meet a new neighbor. We conquered outer space but not inner space. We've done larger things, but not better things.

We've cleaned up the air, but polluted the soul. We've conquered the atom, but not our prejudice. We write more, but learn less. We plan more, but accomplish less. We've learned to rush, but not to wait. We build more computers to hold more information, to produce more copies than ever, but we communicate less and less.

These are the times of fast foods and slow digestion, big men and small character, steep profits and shallow relatio ~ Bob Moorehead

In a nursery, if you don't take care of those plants, your profits get lost real quickly. You have to weed. You have to water. You have to nurture. Also, you have to take care of your employees in such a way that they do the same. ~ Jack Dangermond

By rendering their enterprises profitable, the consumers shift control of the factors of production into the hands of those businessmen who serve them best. By rendering the enterprises of the bungling entrepreneurs unprofitable, they withdraw control from those entrepreneurs with whose services they disagree. It is antisocial in the strict meaning of the term if governments thwart these decisions of the people by taxing profits. From a genuinely social point of view, it would be more "social" to tax losses than to tax profits. ~ Ludwig Von Mises

between 1885 and 1908 the pursuit of growth and profits cost the lives of 6 million individuals (at least 20 per cent of the Congo's population). ~ Yuval Noah Harari

Those reporters, writers, photographers, and editors are the best Americans I know. They cherish the ideals of their imperfect profession and of the Republic whose freedoms, equally imperfect in practice have so often made those ideals real. They want desperately to do good, honorable work. In spite of long hours and low pay, they are insistently professional. They are also brave.

I can't ever forget that in Indochina 65 journalists were killed in the course of recording the truth about that war. . . .Reporters and photographers did not stop dying when Vietnam was over. They have been killed in Lebanon and Nicaragua, in Bosnia and Peru, and in a lot of other places where hard rain falls.

I can't believe that these good men and women died for nothing. I know they didn't. They died because they were the people chosen by the tribe to carry the torch to the back of the cave and tell the others what is there in the darkness. They died because they were serious about the craft they practiced. They died because they believed in the fundamental social need for what they did with a pen, a notebook, a typewriter, or a camera. They didn't die to increase profits for the stockholders. They didn't die to obtain an invitation to some White House dinner for a social-climbing publisher. They died for us.

As readers or journalists, we honor them when we remember that their dying was not part of a plan to make the world cheaper, baser, or dumber. They died to ~ Pete Hamill

What's the best way to ensure your small business makes a profit? Without a doubt, it's to keep your overhead costs low, and maximize your sales per marketing dollar. ~ Kevin J. Donaldson

If we can find approaches that meet the needs of the poor in ways that generate profits for business and votes for politicians, we will have found a sustainable way to reduce inequity in the world. This task is open-ended. It can never be finished. But a conscious effort to answer this challenge will change the world. ~ Bill Gates

It is not the job of the Department of Education to maximize profits for the government at the cost of squeezing students who are struggling to get an education. ~ Elizabeth Warren

The variation in the value of money, however great, makes no difference in the rate of profits; ... ~ David Ricardo

The colonization of the Southern economy by capitalists from the North gave lynching its most vigorous impulse. If Black people, by means of terror and violence, could remain the most brutally exploited group within the swelling ranks of the working class, the capitalists could enjoy a double advantage. Extra profits would result from the superexploitation of Black labor, and white workers' hostilities toward their employers would be defused. White workers who assented to lynching necessarily assumed a posture of racial solidarity with the white men who were really their oppressors. This was a critical moment in the popularization of racist ideology. ~ Angela Y. Davis

McCain said the lower gas prices were sitting somewhere under the Gulf of Mexico. Obama said they were sitting in the bank accounts of companies like Exxon in the form of windfall profits to be taxed.

The formula was the same formula we see in every election: Republicans demonize government, sixties-style activism, and foreigners. Democrats demonize corporations, greed, and the right-wing rabble.

Both candidates were selling the public a storyline that had nothing to do with the truth. Gas prices were going up for reasons completely unconnected to the causes these candidates were talking about. What really happened was that Wall Street had opened a new table in its casino. The new gaming table was called commodity index investing. And when it became the hottest new game in town, America suddenly got a very painful lesson in the glorious possibilities of taxation without representation. Wall Street turned gas prices into a gaming table, and when they hit a hot streak we ended up making exorbitant involuntary payments for a commodity that one simply cannot live without. ~ Matt Taibbi

Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. ~ Andrew Jackson

The great hatred of capitalism in the hearts of the oppressed, ancient and modern, I think, stems not merely from the ensuing vast inequality in wealth, and the often unfair and arbitrary nature of who profits and who suffers, but from the silent acknowledgement that under a free market economy the many victims of the greed of the few are still better off than those under the utopian socialism of the well-intended. It is a hard thing for the poor to acknowledge benefits from their rich moral inferiors who never so intended it. (p.272) ~ Victor Davis Hanson

It's interesting that when these individuals choose-and it is their choice always-to endure voluntary amputations for their own personal benefit, society professes itself shocked and disapproving. Yet this same society respects the concept that any individual should risk total annihilation in war, subject to the judgement of any superior officer at all and for purposes ranging from a promotion for the lieutenant to higher profits for the bullet company. Hell, they don't just respect that idea, they flat out expect it. And they'll shoot your ass if you don't go along with it.
-Arturo in response to critics ~ Katherine Dunn

A bubble starts when any group of stocks, in this case those associated with the excitement of the Internet, begin to rise. The updraft encourages more people to buy the stocks, which causes more TV and print coverage, which causes even more people to buy, which creates big profits for early Internet stockholders. The successful investors tell you at cocktail parties how easy it is to get rich, which causes the stocks to rise further, which pulls in larger and larger groups of investors. But the whole mechanism is a kind of Ponzi scheme where more and more credulous investors must be found to buy the stock from the earlier investors. Eventually, one runs out of greater fools. ~ Malkiel Burton

Subsidies for the oil, gas and coal industries are projected to cost taxpayers more than $135 billion in the coming decade. At a time when scientists tell us we need to reduce carbon pollution to prevent catastrophic climate change, it is absurd to provide massive subsidies that pad fossil-fuel companies' already enormous profits. ~ Bernie Sanders

The consumption of alcohol is increasing among youth. Targeting young audiences, advertisers portray beer and wine as joyful, socially desirable, and harmless. Producers are promoting new types of alcoholic beverages as competitors in the huge soft-drink market. Grocery and convenience stores and gas stations stock alcoholic beverages side by side with soda pop. Can Christians who are involved in this commerce be indifferent to the physical and moral effects of the alcohol from which they are making their profits? ~ Dallin H. Oaks

Gilgi is drifting in the river of superfluous feelings. Superfluous? They were once, they seemed to be once. Isn't she happy? Of course she is. Often. But the hours of happiness come at a high price. The bill is presented promptly. Pay it! With what? With fear and twinges of pain. No, I don't think the price is too high, I just find the currency strange. Fear - pain! To whom should I pay them? Who profits from this odd currency? ~ Irmgard Keun