Tag Archives: wealth

Horace – Wealth increases want of more

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Horace The accumulation of wealth is followed by an increase of care, and by an appetite for more.

Horace   (65 BC-8 BC)

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Theodore Roosevelt – The eighth commandment

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Theodore RooseveltThe eighth commandment reads, “Thou shalt not steal.” It does not read, “Thou shalt not steal from the rich man.” It does not read, “Thou shalt not steal from the poor man.” It reads simply and plainly, “Thou shalt not steal.”

No good whatever will come from that warped and mock morality which denounces the misdeeds of men of wealth and forgets the misdeeds practiced at their expense; which denounces bribery, but blinds itself to blackmail; which foams with rage if a corporation secures favors by improper methods, and merely leers with hideous mirth if the corporation is itself wronged.

Theodore Roosevelt   (1858-1919)

Thomas Sowell – The zero-sum fallacy

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Thomas SowellMany individual fallacies in economics are founded on the larger, and usually implicit, fallacious assumption that economic transactions are a zero-sum process, in which what is gained by someone is lost by someone else. But voluntary economic transactions — whether between employer and employee, tenant and landlord, or international trade — would not continue to take place unless both parties were better off making these transactions than not making them.

Thomas Sowell   (1930-)
Economic Facts and Fallacies: Second Edition