Eugene V. Debs: Riches = Savings

Posted by admin on Tuesday, April 19, 2022

Eugene V. Debs Money Quote saying those that amass wealth, have gathered it from many others. Eugene V. Debs said:
 
Riches are the savings of many in the hands of one Quote
 

Riches are the savings of many in the hands of one” — Eugene V. Debs

 

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In this quote, Eugene V. Debs is making an observation about the origins and accumulation of wealth. The best interpretation is that Debs believed riches or great wealth are not self-generated, but rather result from the aggregated savings and efforts of many ordinary people over time.

Specifically, he portrays riches as representing the pooled financial resources and labor of multiple individuals that eventually end up concentrated “in the hands of one” wealthy person. From Debs’ perspective, no one amasses vast riches entirely on their own – it is built on the contributions and surplus value generated by numerous workers and consumers within an economy.

Overall, the quote suggests Debs viewed the wealthy as stewards of wealth that originated diffusely from society as a whole, rather than creators of it solely through individual effort. He appears to be challenging a perception that great fortunes are solely self-made.

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