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Quote by Ferdinand Lundberg

“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.”

Quote by Ferdinand Lundberg

Work

America's 60 Families

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Author

Ferdinand Lundberg

Ferdinand Lundberg was an influential American writer and journalist in the 20th century. His work covered a range of fields including economics, politics, and society, and was known for its in-depth investigations and critical analysis. more

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“When the entire nation becomes a reservation, perhaps then we’ll understand the price of ignoring history’s lessons.”

“Very poor children learn to beg, lie and steal from their parents – they would hardly survive otherwise. Prosperous parents tell their children that nobody should lie, steal or kill, and that idleness and gambling are vices. They then send them to schools where they suffer if they do not disguise their thoughts and feelings and are taught to admire killers and stealers like Achilles and Ulysses, William the Conqueror and Henry the Eighth. This prepares them for life in a land where rich people use acts of parliament to deprive the poor of homes and livelihoods, where unearned incomes are increased by stock-exchange gambling, where those who own most property work least and amuse themselves by hunting, horse-racing and leading their country into battle.”

“Break free of the deception that exists in many cultures – the lie that speaks of power as inherently evil. Consider instead that weakness, poverty, and passivity, are often more dangerous than power. Weakness, poverty, and passivity often lead to paths that do not serve you individually – paths that do not serve us collectively, and paths that do not serve us spiritually.”

“It is interesting how the advocates of social inequality think that the wealthy respond to quite different incentives from the poor. If the rich are to be persuaded to work, they require the stimulus of still greater wealth: hence the paramount importance of reducing taxes on high incomes. When dealing with the poor, in contrast, it is held that there is nothing like the prospect of still greater poverty as a work incentive: hence the paramount importance of strictly limiting the benefits to which they are entitled.”