Wealth One Percent Quotes & Sayings

Similar things are happening in Africa, here, and in Europe. The indignados in southern Europe and the Occupy movements here are in a sense similar, even if that are from different worlds. The protests are not against dictatorships but against the shredding of democratic systems and the consequences of the Western version of the neoliberal system, which has had structurally consistent effects for the past thirty years: a very narrow concentration of wealth in a fraction of 1 percent of the population, stagnation for a large part of the rest, deregulation, and repeated financial crises, each one harsher than the last. — Noam Chomsky

As income taxes and capital-gains taxes were reduced in the United States beginning in the 1980s, the share of federal taxes paid by "the rich" steadily went up. From 1980 to 2010, as the top 1 percent increased their share of before-tax income from 9 percent to 15 percent, their share of the individual income tax soared from 17 percent to 39 percent of the total paid. Their share of total federal taxes more than doubled during a period when the highest marginal tax rate was cut in half, from 70 percent to 35.5 percent. The wealthy, in short, are already paying more than their fair share of taxes, and the growth in their wealth and incomes has had nothing to do with tax avoidance or deflecting the tax burden to the middle class. — James Piereson

In the United States, the most recent survey by the Federal Reserve, which covers the same years, indicates that the top decile own 72 percent of America's wealth, while the bottom half claim just 2 percent. — Thomas Piketty

The financial wealth of the top 1 percent of households in the U.S. exceeds the combined wealth of the bottom 95 percent. — Ralph Nader

You will notice that the Occupy Wall Street crowds - and the progressives who support them - focus on bringing the wealthy down to earth rather than lifting the 99 percent. They have a nearly religious belief that too much wealth is fundamentally immoral and unhealthy for society. — David Harsanyi

This is what oligarchy looks like: Today, the top one-tenth of 1 percent owns almost as much wealth as the bottom 90 percent. The top one-hundredth of 1 percent makes more than 40 percent of all campaign contributions. The billionaire class owns the political system and reaps the benefits from it. — Bernie Sanders

Kelso's proposals do promise to free us from our morbid dependency on economic health through armament manufacture; they promise a way out of the welfare mess, out of foodstamps and ship subsidies, out of perpetual inflation, and they suggest a means of doing these things without being too disruptive of the wealth of five percent of the population who own the rest of us. — Nicholas Von Hoffman

But space travel can't ease the pressure on a planet grown too crowded not even with today's ships and probably not with any future ships-because stupid people won't leave the slopes of their home volcano even when it starts to smoke and rumble. What space travel does do is drain off the best brains: those smart enough to see a catastrophe before it happens, and with the guts to pay the price-abandon home, wealth, friends, relatives, everything-and go. That's a tiny fraction of one percent. But that's enough. — Robert A. Heinlein

Today social justice represents one of the most serious challenges to the conscience of the world. The abyss between those who are within the world 'order' and those who are excluded is widening day by day. The use of leading-edge technologies has made it possible to accumulate wealth in a way that is fantastic but perverse because it is unjustly distributed. Twenty-percent of humankind control eighty percent of all means of life. That fact creates a dangerous imbalance in the movement of history. — Leonardo Boff

The United States is dangerously close to being a plutocracy. A third of the private wealth is owned by less than 5 percent of the population. — Robert Payne

All we're after is fairness, a level playing field. It's not right for one percent to own forty-two percent of the wealth in this country. It's not right that half the population is living at or below the poverty line. This is the richest country in the world and kids are going hungry, families are losing their homes. It's time that people stood up for themselves and demanded fairness." "How — Leslie Meier

Modern married women do not fare better in life than their single counterparts. Married women in America do not live longer than single women; married women do not accumulate as much wealth as single women (you take a 7 percent pay cut, on average, just for getting hitched); married women do not thrive in their careers to the extent single women do; married women are significantly less healthy than single women; married women are more likely to suffer from depression than single women; and married women are more likely to die a violent death than single women - usually at the hands of a husband, which raises the grim reality that, statistically speaking, the most dangerous person in the average woman's life is her own man. — Elizabeth Gilbert

The survey findings reflect the growing trend toward incentive compensation programs as a way for employers to share the wealth with workers, ... Roughly 80 percent of those surveyed offer bonus programs and 401(k) or profit-sharing plans ... as they compete for the best and brightest workforce. — Jerry Jasinowski

The very richest Americans - the top one-tenth of 1 percent - now have nearly as much wealth as the bottom 90 percent. — Hillary Rodham Clinton

I believe that the only people who really, truly benefit from any of the policies of Republicans are the wealthy. I'm in that 1 percent tax bracket, but I'm not a man of wealth. — Questlove

Black families, regardless of income, are significantly less wealthy than white families. The Pew Research Center estimates that white households are worth roughly 20 times as much as black households, and that whereas only 15 percent of whites have zero or negative wealth, more than a third of blacks do. Effectively, the black family in America is working without a safety net. — Anonymous

Between 2013 and 2015, the wealthiest 14 people saw their wealth increase by $157 billion. This is their wealth increase, got it? Not what they are worth. Increase. That $157 billion is more wealth than is owned by the bottom 40 percent of the American people. One family, the Walton family, owns more wealth than the bottom 40 percent. — Bernie Sanders

Most people consider themselves above the gritty and relentless details of life that allow the creation of great wealth. They leave it to the experts. But in general you join the one percent of the one percent not by leaving it to the experts but by creating new expertise, not by knowing what the experts know but by learning what they think is beneath them. — George Gilder

I lost 80 percent of my wealth and then gave away over half of the rest. So I'm a man of modest means now. But if you budget carefully and watch your expenditures, you can get by on a couple billion dollars. — Ted Turner

The third level of wanting is "I commit to being rich." The definition of the word commit is to "devote oneself unreservedly." This means holding absolutely nothing back; giving 100 percent of everything you've got to achieving wealth. It means being willing to do whatever it takes for as long as it takes. This is the warrior's way. No excuses, no ifs, no butts, no maybes-and failure isn't an option. The warrior's way is simple: "I will be rich or I will die trying." — T. Harv Eker

All told, over the period 1932-1980, nearly half a century, the top federal income tax rate in the United States averaged 81 percent. — Thomas Piketty

In the top centile, by contrast, financial and business assets clearly predominate over real estate. In particular, shares of stock or partnerships constitute nearly the totality of the largest fortunes. Between 2 and 5 million euros, the share of real estate is less than one-third; above 5 million euros, it falls below 20 percent; above 10 million euros, it is less than 10 percent and wealth consists primarily of stock. — Thomas Piketty

If you're only going to give away 50 percent of your wealth ... c'mon. I'm going to do much more than that. — Daniel A. D'Aniello

The United States, despite an active ideology that preaches equality, in fact has the most unequal distribution of wealth of any industrialized nation (Philips, 1988). The top one percent of the population controls over 70 percent of the wealth, and the top 5 percent control over 90 percent.9 — Dhati Lewis

(a) Recent U.S. income growth primarily occurs at the top 1 percent of the income distribution. (b) As a result there is growing inequality. (c) And those at the bottom and in the middle are actually worse-off today than they were at the beginning of the century. (d) Inequalities in wealth are even greater than inequalities in income. (e) Inequalities are apparent not just in income but in a variety of other variables that reflect standards of living, such as insecurity and health. (f) Life is particularly harsh at the bottom - and the recession made it much worse. (g) There has been a hollowing out of the middle class. (h) There is little income mobility - the notion of America as a land of opportunity is a myth. (i) And America has more inequality than any other advanced industrialized country, it does less to correct these inequities, and inequality is growing more than in many other countries. — Joseph E. Stiglitz

I think that something is fundamentally wrong if a person of his great wealth is only paying 13.9 percent effective tax rate and most of Americans are paying 28, 30 percent and they make far less. — Terri Sewell

Historians start with Cleopatra and the pharaohs and comb through every year in human history ever since, looking in every corner of the world for evidence of extraordinary wealth, and almost 20 percent of the names they end up with come from a single generation in a single country. — Malcolm Gladwell

This is a very important issue that the corporate media chooses not to talk about a whole lot, that we have an economic system which is rigged, which means that at the same time as the middle class of this country is disappearing, almost all of the new income and wealth in America is going to the top 1 percent. You have the top one-tenth of 1 percent owning almost as much wealth as the bottom 90 percent - 58 percent of all new income is going to the top 1 percent. — Bernie Sanders

The economic system that the United States has is an evil empire. It's an economic system that's not fair, not just, and it's not democratic. And it will fall just like communism fell. The richest 1 percent now own 50 percent of the wealth. It didn't use to be that way. The average CEO 20 years ago made 20 times as much as the average employee. Now they make 212 times as much. — Michael Moore

Americans purchased about 25 percent more books in 1943 than they did in 1942. The new paperback format was a hit, as Americans craved simple pleasures in times of peril. This increase in book buying was indicative of an expanded market of book buyers. As Time magazine observed, by 1943, "book-reading and book-buying reached outside the narrow quarters of the intellectuals and became the business of the whole vast literate population of the U.S." No longer were books linked to wealth and status: they had become a universal pastime and a fitting symbol of democracy. — Molly Guptill Manning

Feminists say 60 percent of the country's wealth is in the hands of women. They're letting men hold the other 40 percent because their handbags are full. — Earl Wilson

The population is angry, frustrated, bitter - and for good reasons. For the past generation, policies have been initiated that have led to an extremely sharp concentration of wealth in a tiny sector of the population. In fact, the wealth distribution is very heavily weighted by, literally, the top tenth of one percent of the population, a fraction so small that they're not even picked up on the census. You have to do statistical analysis just to detect them. And they have benefited enormously. This is mostly from the financial sector - hedge fund managers, CEOs of financial corporations, and so on. — Noam Chomsky

Half the U.S. population owns barely 2 percent of its wealth, putting the United States near Rwanda and Uganda and below such nations as pre-Arab Spring Tunisia and Egypt when measured by degrees of income inequality. — Eric Alterman

It's immoral and wrong that the top 1 percent of the USA owns almost as much wealth as the bottom 90 percent. We should look at countries like Denmark and Sweden and Norway and look at what they've accomplished for their working people. — Bernie Sanders

According to Piketty, if r remains at its historical rate of about 5 percent, then all the negative developments related to the inequality from the 19th century will be repeated. These will include disrespect for working people; worshiping of people who do not work and enjoy leisurely life by living at the expense of other people's labor; political acts that disdain equal opportunity and deny democracy; and opportunities for the rich to buy politicians. What logical conclusion can be made from Piketty's research? If this development continues, then by the end of the 21st century, the world's wealth may become the property of a few enormously rich individuals and institutions. Then, 99.9 percent of humans will end up working for a small number of oligarchs, who will accumulate their wealth by virtue of heredity instead of earning it based on merit. — I.K. Mullins

Seventy-five percent of our energy around the earth is being poured into war efforts. Are we servants of death and destruction? This 75 percent of energy could be poured into life, into the service of life-and there will be laughter, and there will be greater health, and there will be more wealth, more food. There will be no poverty. There is no need for poverty to exist at all. — Rajneesh

By the end of his presidency - and the sixteen-year run of Dixie dominance in Washington - income inequality and the concentration of wealth in the federation had reached the highest levels in its history, exceeding even the Gilded Age and Great Depression. In 2007 the richest tenth of Americans accounted for half of all income, while the richest 1 percent had seen their share nearly triple since 1994.8 — Colin Woodard

The most striking fact is no doubt that in all these societies, half of the population own virtually nothing: the poorest 50 percent invariably own less than 10 percent of national wealth, and generally less than 5 percent. — Thomas Piketty

In the last recession, 99 percent of us have lost wealth, but did you know that the top 1 percent increased their wealth five times? It tells you they create recessions so they get wealthier. — Jesse Ventura

In 1928, the top 10 percent of earners captured 46 percent of national income. That was the highest share that the top tenth captured for nearly eighty years, until 2007, when we returned to the wealth distribution of the country on the eve of the Great Depression. The top 1 percent did even better. Between 1979 and 2007, nearly 88 percent of the entire economy's income gains went to the top 1 percent.49 One — Christopher L. Hayes

A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum. — David F. Swensen

Since 2008, no high-ranking executive from any financial institution has gone to jail, not one, for any of the systemic crimes that wiped out 40 percent of the world's wealth. — Matt Taibbi

Man has sought to take from the natural world not only that which is necessary for his stability and survival, but often seeks to satisfy his perceived and ultimately false psychological needs, such as his need for self-display, luxuries and the like. Twenty percent of humanity consumes eighty percent of the world's wealth and is accountable for an equal percentage of the world's ecological catastrophes. — Ecumenical Patriarch Bartholomew I Of Constantinople

Countries with high levels of atheism are also the most charitable both in terms of the percentage of their wealth they devote to social welfare programs and the percentage they give in aid to the developing world. The dubious link between Christian literalism and Christian values is belied by other indices of social equality. Consider the ratio of salaries paid to top-tier CEOs and those paid to the same firms' average employees: in Britain it is 24:1; in France, 15:1; in Sweden, 13:1; in the United States, where 80 percent of the population expects to be called before God on Judgment Day, it is 475:1. Many a camel, it would seem, expects to pass easily through the eye of a needle. — Sam Harris

One percent of the nation owns a third of the wealth. The rest of the wealth is distributed in such a way as to turn those in the 99 percent against one another: small property owners against the propertyless, black against white, native-born against foreign-born, intellectuals and professionals against the uneducated and the unskilled. These groups have resented one another and warred against one another with such vehemence and violence as to obscure their common position as sharers of leftovers in a very wealthy country. — Howard Zinn

But at this point the four hundred richest people on the planet owned half the planet's wealth, and the top one percent owned fully eighty percent of the world's wealth. For them it wasn't so bad. — Kim Stanley Robinson

Baby Step Four: Invest 15 Percent of Your Income in Retirement Those of you concerned about retirement are relieved we have finally gotten to this step. Those who have been living in denial are wondering what all the fuss is about. Baby Step Four is time to get really serious about your wealth building. — Dave Ramsey

This country is going to implode, or put another way, it's going to get crushed under the weight of poverty. You can't have one percent of the people who own and control more wealth than the other 90 percent of the population. — Tavis Smiley

[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions ... the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013 — Janet Yellen

The zooming wealth of the top 1 percent is a problem, but it's not nearly as big a problem as the tens of millions of Americans who have dropped out of high school or college. It's not nearly as big a problem as the 40 percent of children who are born out of wedlock. It's not nearly as big a problem as the nation's stagnant human capital, its stagnant social mobility and the disorganized social fabric for the bottom 50 percent. — David Brooks

The reality is that we have one of lowest voter turnouts of any major country on earth because so many people have given up on the political process. The reality is that there has been trillions of dollars of wealth going from the middle class in the last 30 years to the top 1/10th of 1 percent. — Bernie Sanders

Donald Trump got himself very far to the left. When he was considering running for president in 2000, he was for a 13 percent wealth tax on wealthy people to retire the national debt. — Chris Hayes

In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is a lot. Today, after serial bubble after serial bubble, the top five per cent have net worth of $40 trillion. The top five percent have gained more wealth than the whole human race had created prior to 1980. — David Stockman

In 2007, the top 1 percent earned 23.5 percent of all income, more than the bottom 50 percent. The top 1 percent now owns more wealth than the bottom 90 percent. That is not the foundation of a democratic society. That is the foundation for an oligarchic society. The rich get richer. The middle class shrinks. Poverty increases. — Bernie Sanders

Each of these imperatives has a tendency to degenerate into an excuse for greed and materialism in the absence of the other. Without the call to generosity, the call to productivity makes people feel entitled to live materialistic lives - as long as they accumulate their wealth by working productively. But without the call to productivity, the call to generosity makes people feel entitled to live materialistic lives - as long as they pay off God by tithing their 10 percent. The only way to root out materialism is to reorient people's attitudes about their entire economic lives. If you only lead people to do good work (productivity), they'll use their wealth selfishly. If you only lead them to get their use of wealth right (generosity), they won't orient their lives to good work. The whole life of a person has to turn away from selfishness and serve God and neighbor. As someone once said, the only effective place to intervene in a vicious circle is everywhere at once. — Greg Forster

From World War II until 1981 the top marginal income tax rate never fell below 70 percent. Under President Dwight Eisenhower, a Republican whom no one ever accused of being a socialist, the top rate was 91 percent. Even after all deductions and credits, Americans with incomes of over $1 million (in today's dollars) paid a top marginal rate, on average, of 52 percent. As recently as the late 1980s, the top tax rate on capital gains was 35 percent. But as income and wealth have accumulated at the top, so has the political power to reduce taxes. The Bush tax cuts of 2001 and 2003, which were extended for two years in December 2010, capped top rates at 35 percent, their lowest level in more than half a century, and reduced capital gains taxes to 15 percent. — Robert B. Reich

If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes. — George Soros

According to the latest wealth data of the Federal Reserve Board in the Flow of Funds, the total net worth of households is around $56.8 trillion.27 The wealth of the top 1 percent is therefore around $20.6 trillion. With roughly 113 million households, the average wealth of the richest 1 percent is roughly $18.2 million per household. — Jeffrey D. Sachs

Shortly before the outbreak of the Great War it was calculated that four per cent of the population of England held ninety per cent of all the wealth of the country. In the United States sixty percent of the wealth was held by two per cent of the people while at the other extreme of the social scale sixty-five per cent of the population representing the labor element, the main factor in the production of wealth, possessed no more than five per cent of the total riches of the land. — Joseph Casper Husslein

The combination of higher income taxation and wealth taxation would thereby raise at least 2 percentage points of GDP from the very top earners. But even if they had to pay another 2 percent of GDP, there would certainly be no need to shed tears for the rich. Their net-of-tax income would remain around 10 percent of GDP, a share of national income two-thirds higher than the 6 percent of GDP in 1980. There — Jeffrey D. Sachs

But if the 1 percent and the 0.1 percent are respected and allowed to risk their wealth - and new rebels are allowed to rise up and challenge them - America will continue to be the land where the last regularly become the first by serving others. — George Gilder

I don't believe in creating dynastic wealth.
I don't really believe that in a society that aspires to be meritocratic and that believes in equality of opportunity - my kids have had advantage over 99 percent of the kids in the country ... — Bill Gates