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Quote by Oscar Auliq-Ice

“It's important to know what you want to accomplish with your investments before you actually invest.”

Quote by Oscar Auliq-Ice

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Oscar Auliq-Ice

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“In the nineteenth century wealthy families were typically settled, often for several generations, in a given locale. In a nation of wanderers their stability of residence provided a certain continuity. Old families were recognizable as such, especially in the older seaboard cities, only because, resisting the migratory habit, they put down roots. Their insistence on the sanctity of private property was qualified by the principle that property rights were neither absolute nor unconditional. Wealth was understood to carry civic obligations. Libraries, museums, parks, orchestras, universities, hospitals, and other civic amenities stood as so many monuments to upper-class munificence.”

WealthCivic Duty
Book:The Revolt of the Elites and the Betrayal of Democracy
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“The difficulty of limiting the influence of wealth suggests that wealth itself needs to be limited. When money talks, everybody else is condemned to listen. For that reason a democratic society cannot allow unlimited accumulation. Social and civic equality presuppose at least a rough approximation of economic equality. A "plurality of spheres," as Walzer calls it, is eminently desirable, and we should do everything possible to enforce the boundaries among them. But we also need to remember that boundaries are permeable, especially where money is concerned, that a moral condemnation of great wealth must inform any defense of the free market, and that moral condemnation must be backed up with effective political action.”

WealthFreedomDemocracy
Book:The Revolt of the Elites and the Betrayal of Democracy
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“Because [Jeff Bezos] and [Mark Zuckerberg] own $100 billion in the current state of the legal system, the current state of the fiscal system, the current way the international economy is organised, people say, ‘OK, $100 billion, exactly the right level.’ But with a different legal system, different international taxation, it could be 200, it could be 50. So what would be the story? Any level that they will attain, it will be the best? This kind of sacralisation of special individuals is a form of religious thought. People who use this kind of argument: ‘He's great, therefore –‘ therefore what? Therefore we should subsidize him so that he's even richer?”

WealthMoneyEconomicsGreedOligarchyIncome InequalityPlutocracyWealth Inequality
Author:Thomas Piketty
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