Quote #4629 about Wealth by Bill Gates
Contrary to Piketty’s rentier hypothesis, I don’t see anyone on the [Forbes 400 list of the wealthiest Americans] whose ancestors bought a great parcel of land in 1780 and have been accumulating family wealth by collecting rents ever since. In America, that old money is long gone - through instability, inflation, taxes, philanthropy, and spending.by Bill Gates
Quotes You Might Also Like
More quotes by Bill Gates
The only role other than paying their taxes, whatever those are, the only role for philanthropy broadly - of which the rich should give disproportionately - the more, the better...– Bill Gates
Sometimes, I think my most important job as a CEO is to listen for bad news. If you don't act on it, your people will eventually stop bringing bad news...– Bill Gates
We believe unbelievable progress can be made, in both inventing new vaccines and making sure they get out to all the children who need them.– Bill Gates
Random Quotes
The assertion that 'all men are created equal' was of no practical use in effecting our separation from Great Britain and it was placed in the Declaration not for that,...– Abraham Lincoln
"Confusion of goals and perfection of means seems, in my opinion, to characterize our age."– Albert Einstein
...we are all inclined to ... direct our inquiry not by the matter itself, but by the views of our opponents; and, even when interrogating oneself, one pushes the inquiry...– Aristotle