“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
“All these wasteful expenditures of the rich, only a few of which have been briefly enumerated, are extenuated by hired apologists on the ground that they give many people work in the luxury trades, in domestic service, in the garages, stables, and gardens, and on board the yachts. It is not realized, it seems, that if the money wasted by the rich in personal indulgence were taken in taxes and put into the building of needed hospitals, schools, playgrounds, clinics, low-rent apartment buildings, farm homes, sanatoria, rest homes, and recreation clubs for the mass of Americans, the persons now given employment by the wealthy would obtain work of a more constructive character in these other fields.” PoorRichEconomicsFinanceWealth Inequality Book:America's 60 Families Source: America's 60 Families