Robert Hunter: Windfall Profits

Robert Hunter Money Quote saying as director of insurance for the Consumer Federation of America that auto insurance companies should return excess profits to consumers. Robert Hunter said:
 

 

“Windfall profits for auto insurers and excessive auto insurance premiums should not be another harm visited upon consumers from COVID-19” — Robert Hunter

 
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Andrew Young: Productive Profit

Andrew Young Money Quote saying Profits should be justifiable and improve the human condition. Andrew Young said:
 

 

“Profits should be for a purpose. Profits should be productive. You should make money for producing benefits that make the world a better place. Making money is a good thing when it is made in service to humanity or the democracy” — Andrew Young

 
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John Mackey: Live To Make Profits

John Mackey, CEO of Whole Foods with a Money Quote saying we need to differentiate between needs and wants and then include them both into our greater purpose. John Mackey said:
 

 

“Just as people cannot live without eating, so a business cannot live without profits. But most people don’t live to eat, and neither must businesses live just to make profits” — John Mackey

 
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Henry Ford: Embarrassing Profits

Henry Ford Money Quote saying any company that focuses on customer service will only have one concern, excessive profitability. Henry Ford said:
 

 

“A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large” — Henry Ford

 
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Seneca: Crime Committed by Profits

Seneca Money Quote saying that those that benefit from criminal acts have as good as committed them. Seneca said:
 

 

“He has committed the crime who profits by it” — Seneca

 
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John Steinbeck: Bank Monster Growing

John Steinbeck Money Quote saying bank must constantly grow in profit and can’t stop without dying – profit and growth is their reason to exist. John Steinbeck said:
 

 

“The bank – the monster has to have profits all the time. It can’t wait. It’ll die. No, taxes go on. When the monster stops growing, it dies. It can’t stay one size” — John Steinbeck

 
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Adam Smith: High Wages, High Profits

Adam Smith Money Quote saying business owners fully blame wages for increasing the cost of goods, but rarely believe profits have any deleterious effect. Adam Smith said:
 

 

“Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits” — Adam Smith

 
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Bernie Sanders: Get Richer by Hiding Profits

Bernie Sanders Money Quote saying in reference to the leak of Appleby law firm data that shows how the wealthy hide profits in offshore tax havens to avoid paying taxes on them. Bernie Sanders said:
 

 

“[Paradise Papers] shows how these billionaires and multinational corporations get richer by hiding their wealth and profits and avoid paying their fair share of taxes” — Bernie Sanders

 
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