“However one approaches the problem of income distribution, one is confronted with substantially the same conclusion: fewer than twenty per cent of the people possess nearly everything while eighty per cent own practically nothing except chattels. Wealth itself has become monopolized.” AmericaPovertyCapitalismWealth Inequality Book:America's 60 Families Source: America's 60 Families
“Persons of limited means who scrimp to save from fifty to seventy-five per cent of income are properly termed misers, and are regarded with pitying scorn; but the rich of today enjoy the doubly paradoxical distinction of being spendthrifts, misers, and philanthropists simultaneously.” WealthCapitalismClass StruggleWealth Inequality Book:America's 60 Families Source: America's 60 Families
“It is true that Harvard and Yale, as well as other upper-class institutions, offer free tuition, some cash scholarships, and nominal paid employment to the highest-ranking graduates of accredited secondary schools, without regard for the social class origins of these students. One can, it is true, meet a coal miner's or a farmer's son at Harvard, although it is a rare experience. The task of Yale and Harvard, however, is to mold these bright youngsters into unconscious servitors of the ruling class—as lawyers, as corporate scientists, as civil servants, as brokers, bankers, and clergymen. The enforced "democratic" mingling effected by the new house plans assures this result more positively now than ever, for in the past, many students were made to feel like pariahs by their exclusion from the quasi-aristocratic clubs.” ClassCapitalismHarvardAristocracyYaleClass StruggleRuling ClassYale UniversityHarvard University Book:America's 60 Families Source: America's 60 Families