Posts Tagged ‘wealth’

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Angela Davis: Prison Profits

Posted by admin on Saturday, January 6, 2024

Meaning of Angela Davis Money Quote: saying Detaining poor prisoners in large numbers can be profitable. Angela Davis said:
 
The prison has become a black hole into which the detritus of contemporary capitalism is deposited. Mass imprisonment generates profits as it devours social wealth Quote

“The prison has become a black hole into which the detritus of contemporary capitalism is deposited. Mass imprisonment generates profits as it devours social wealth” — Angela Davis

 

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In this quote, Angela Davis is criticizing the modern use of prisons in capitalist societies. She refers to prisons as a “black hole” that swallows up the “detritus”, or unwanted byproducts, of capitalism.

Specifically, she suggests they are used to warehouse and remove from society those made expendable by economic forces, like the unemployed. Davis then states that mass incarceration on a large scale “generates profits” for the prison industry while simultaneously “devouring social wealth” by draining resources from communities through over-policing and removing productive members of society.

Overall, the quote presents Davis’ view that for-profit prisons have become a means to profit off human confinement while concealing social problems produced by economic inequality under the guise of criminal justice.

Henry David Thoreau: Vague Riches

Posted by admin on Friday, January 5, 2024

Meaning of Henry David Thoreau Money Quote: saying No run on a bank can take our wealth not owning but enjoying. Henry David Thoreau said:

 
No run on my bank can drain it, for my wealth is not possession but enjoyment Quote
 

“O how I laugh when I think of my vague indefinite riches. No run on my bank can drain it, for my wealth is not possession but enjoyment” — Henry David Thoreau

 

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In this quote, Thoreau is referring to the riches of nature and experiences, rather than material wealth. He finds true riches not in possessions, but in enjoying all that nature has to offer through observing, exploring, and experiencing the outdoors.

Even if he owned nothing, he would still feel wealthy due to his ability to appreciate nature’s beauty. The quote suggests that wealth is not about what you own, but rather how much you are able to enjoy in life without the need for possessions or money.

Andrew Carnegie: Dollar Bequeath

Posted by admin on Thursday, October 12, 2023

Meaning of Andrew Carnegie Money Quote: saying he believed that a child was burdened and crippled by wealth given. Andrew Carnegie said:
 
 

dollar bequeathed to a child is an almighty curse. No man has the right to handicap his son with such a burden as great wealth Quote
 

“The almighty dollar bequeathed to a child is an almighty curse. No man has the right to handicap his son with such a burden as great wealth” — Andrew Carnegie

 

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Andrew Carnegie is saying that leaving “great wealth” or a large inheritance to one’s child can be harmful rather than helpful. He believes it puts an unfair “burden” or “handicap” on the child by giving them too much money without having to work for it themselves.

Carnegie seems to think that children are better off learning the value of hard work and earning their own success, rather than having everything given to them through an inheritance.

The “almighty dollar” refers to money, and he calls receiving a large inheritance through no effort of one’s own an “almighty curse.” Overall, Carnegie felt that inheriting great wealth could spoil a child and prevent them from achieving fulfillment through their own accomplishments.

Sally Wentworth: Capitalist Inherit

Posted by admin on Tuesday, October 10, 2023

Meaning of Sally Wentworth Money Quote: saying One must first earn any inheritance they wish to receive from their father. Sally Wentworth said:

 
In a capitalist society there are always inequalities of class and wealth. People who inherit money and property will always see themselves as being superior to those who have to work for it Quote
 

“In a capitalist society there are always inequalities of class and wealth. People who inherit money and property will always see themselves as being superior to those who have to work for it” — Sally Wentworth

 

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This quote from Sally Wentworth suggests that in a capitalist system, inequalities between social classes will inherently exist based on wealth disparities. Some key points in interpreting her perspective:

  • Wentworth implies those born into money and assets see themselves as above those who must work for wages, due to the circumstances of their upbringing.
  • She portrays a tendency towards elitism among some who inherit wealth over those building prosperity through labor.
  • However, reasonable people disagree on the causes and solutions to inequality, and most inheritors are also workers themselves or donate extensively.
  • A balanced interpretation acknowledges both Wentworth’s observation and the complex realities of mobility and diversity within free societies, where both privilege and merit play roles.

Overall, while reflecting Wentworth’s viewpoint, the best analysis considers this perspective alongside other reasonable positions. Capitalism involves ongoing debates around responsibility, opportunity and the relationship between economics, ethics and policy, with good arguments on multiple sides.

Henry David Thoreau: Book Wealth

Posted by admin on Sunday, October 8, 2023

Meaning of Henry David Thoreau Money Quote: saying Books are treasured and represent the worlds wealth and an inheritance to enrich the world. Henry David Thoreau said:
 
 
 Quote

 

“Books are the treasured wealth of the world and the fit inheritance of generations and nations” — Henry David Thoreau

 

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In this quote, Henry David Thoreau is expressing his view that books are extremely valuable forms of knowledge and cultural inheritance.

When he refers to books as “the treasured wealth of the world”, he means they represent stores of wisdom, information, creativity and thought that are immensely rich in content. And by calling books the “fit inheritance of generations and nations”, Thoreau suggests they are meant to be passed down through the ages and shared widely, as vehicles for spreading ideas across societies and periods of history.

Overall, the quote conveys Thoreau’s belief that books comprise priceless intellectual and cultural legacies that deserve to be preserved and shared to benefit multiple generations into the future.

Thales: Neither Excessive Wealth

Posted by admin on Tuesday, September 26, 2023

Meaning of Thales Money Quote: saying if a country is neither too rich nor too poor – justice is likely to rule. Thales said:

 
If there is neither excessive wealth nor immoderate poverty in a nation, then justice may be said to prevail Quote
 

“If there is neither excessive wealth nor immoderate poverty in a nation, then justice may be said to prevail” — Thales

 

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This quote from Thales suggests that a just or fair society is one where neither extreme wealth nor extreme poverty exist to an immoderate or excessive degree among the populace. Some key points in interpreting his perspective:

  • Thales implies a balanced distribution of resources where most citizens experience neither affluence nor deprivation is the hallmark of a nation governed equitably.
  • He portrays the prevalence of either great wealth or great poverty concentrated in some groups as signs that justice is not being served for all members of that community.
  • However, reasonable people can disagree on what constitutes “excess” or where to draw lines around equitable outcomes, as debates continue on defining and implementing justice and fairness.
  • A balanced interpretation acknowledges both Thales’ viewpoint promoting moderation and the ongoing nature of discussions around optimizing economic opportunity, shared prosperity and social welfare according to changing times and contexts.

Overall, the quote conveys Thales’ stance that a just system aims to avoid extremes at either end of the wealth spectrum that could undermine social cohesion or the common good. But the best analysis also considers counterarguments and recognizes that conceptualizing and operationalizing justice remains an ongoing process where multiple perspectives have merit.

Celso Cukierkorn: No Debt Wealth

Posted by admin on Saturday, July 15, 2023

Meaning of Celso Cukierkorn Money Quote: saying if you don’t owe money and you don’t spend all of what you earn, you inevitably create wealth. Celso Cukierkorn said:
 
If you spend less than you make and have no debt, you’re creating wealth Quote
 

“There are only a few absolute truths in finances, like the fact that if you spend less than you make and have no debt, you’re creating wealth” — Celso Cukierkorn

 

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This quote from Celso Cukierkorn suggests that consistently spending less money than one earns and avoiding debt are reliable paths to building wealth over the long run. Some key points in interpreting his perspective:

  • Cukierkorn implies that living within or below one’s means by not overspending income and paying debts on time allows savings and investments to accumulate wealth steadily over the long term.
  • He portrays these principles of spending discipline and avoiding being overleveraged as “absolute truths” or virtually guaranteed ways to create prosperity through diligent financial habits.
  • However, a balanced interpretation is that while reflecting valid concepts, individual circumstances do vary and responsible use of credit for some large purchases like education can make sense if part of a holistic strategy including emergency savings.
  • Reasonable experts may also disagree on the degree to which various factors like income, expenses, debt levels, market forces, and life events determine wealth outcomes for populations and individuals.

Overall, the quote conveys Cukierkorn’s perspective that prudent spending and debt management are foundationally important practices. But the best analysis also considers that personal finance involves complex interactions that can be navigated responsibly through a variety of balanced approaches according to one’s changing needs, abilities, and philosophies over their lifetime. Multiple reasonable viewpoints exist in ongoing discussions on these topics.

J.L. Collins: Destroyer Debt

Posted by admin on Tuesday, July 11, 2023

Meaning of J.L. Collins Money Quote: saying Gaining Financial Freedom means recognizing debt as a destructive force in any financial life. J.L. Collins said:

 
vicious, pernicious destroyer of wealth-building potential it truly is. It has no place in your financial life Quote
 

“If you intend to achieve financial freedom, you are going to have to think differently. It starts by recognizing that debt should not be considered normal. It should be recognized as the vicious, pernicious destroyer of wealth-building potential it truly is. It has no place in your financial life” — J.L. Collins

 

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This quote from J.L. Collins strongly advocates avoiding debt as part of achieving “financial freedom.” Some key points in interpreting his perspective:

  • Collins portrays debt as a “vicious, pernicious destroyer” that undermines wealth accumulation over the long run if relied upon.
  • He encourages viewing debt as abnormal rather than a routine part of life, implying it has no place in prudent financial management.
  • However, reasonable experts acknowledge that some debt, like mortgages or low-interest student loans, can enable important goals if managed responsibly as part of a holistic strategy including emergency savings.
  • A balanced interpretation is that Collins reflects an understandable philosophy of avoiding overreliance on debt, but optimal personal finance requires moderation – neither excessive debt nor a complete prohibition on debt optimize well-being for all.

Overall, while Collins aims to promote debt avoidance, the best analysis considers this one perspective alongside others, recognizing that responsible use of credit complemented by savings works for some, while debt aversion suits other temperaments and risk profiles equally well according to personal priorities, abilities and changing needs over the lifespan. Multiple reasonable viewpoints exist in ongoing discussions on these complex topics.

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