Inherited Wealth Quotes

• Inherited wealth, that is not what America is based upon.

  Richard Neal

  America, Wealth

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• I regard large inherited wealth as a misfortune, which merely serves to dull men's faculties. A man who possesses great wealth should, therefore, allow only a small portion to descend to his relatives. Even if he has children, I consider it a mistake to hand over to them considerable sums of money beyond what is necessary for their education. To do so merely encourages laziness and impedes the healthy development of the individual's capacity to make an independent position for himself.

  Alfred Nobel

  Children, Mistake, Independent

  71 Copy quote

• Photography records the gamut of feelings written on the human face, the beauty of the earth and skies that man has inherited, and the wealth and confusion man has created. It is a major force in explaining man to man.

  Edward Steichen

  Photography, Men, Sky

  "To Catch the Instant", Time Magazine, April 7, 1961.

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• Photography is a major force in explaining man to man.

  Edward Steichen

  Photography, Men, Records

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• I believe in a graduated income tax on big fortunes, and in . . . a graduated inheritance tax on big fortunes, . . . increasing rapidly in amount with the size of the estate.

  Theodore Roosevelt

  Believe, Progressive Taxation, Political

  Theodore Roosevelt, Henry Cabot Lodge (2017). “The Complete Works of Theodore Roosevelt”, p.3154, Madison & Adams Press

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• Photography records the gamut of feelings written on the human face.

  Edward Steichen

  Photography, Feelings, Faces

  "To Catch the Instant", Time Magazine, April 7, 1961.

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• Inherited wealth may be something easily squandered, but inherited poverty is a legacy almost impossible to lose.

  Eric L. Haney

  Legacy, May, Poverty

  6 Copy quote

• There exists a false aristocracy based on family name, property, and inherited wealth. But there likewise exists a true aristocracy based on intelligence, talent and virtue.

  Tom Robbins

  Names, Aristocracy, Talent

  Tom Robbins (2003). “Fierce Invalids Home From Hot Climates”, p.61, Bantam

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• I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You're much better off going into the market on a shoestring, feeling that you can't afford to lose. I'd rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions.

  William Eckhardt

  Pain, Years, Feelings

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• A common objection to inherited wealth is that it stifles the urge to work. I have not generally observed this to be true.

  Louis Auchincloss

  Common, Wealth, Being True

  Louis Auchincloss (2010). “A Voice from Old New York: A Memoir of My Youth”, p.24, Houghton Mifflin Harcourt

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• If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.

  Ludwig von Mises

  Entrepreneur, Demand, Heirs

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.342, VM eBooks

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• Men are naturally lazy, and require some great stimulus to goad their flagging ambitions and enable them to overcome the inertia which comes from ease and the consciousness of inherited wealth. Whatever lessens in a young man the feeling that he must make his way in the world cripples his chance of success. Poverty has ever been the priceless spur that has goaded man up to his own loaf.

  Orison Swett Marden

  Ambition, Men, Feelings

  Orison Swett Marden (2006). “Rising in the World, Or Architects of Fate”, p.429, Cosimo, Inc.

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• ...scientific power is like inherited wealth: attained without discipline. You read what others have done, and you take the next step. You can do it very young...there is no mastery, old scientists are ignored. There is no humility before nature...Its a form of inherited wealth. And you know what assholes congenitally rich people are.

  Michael Crichton

  Humility, Discipline, People

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• Of all the potential perils to the new American republic, the prospect of concentrated power . . . troubled the intellectual leaders of the Revolutionary generation. Familiar as the founders were with old Europe . . . they understood why the accumulation of inherited wealth led to inequities and imbalances that inevitably corrupted any system of government.

  Joe Conason

  Government, Europe, Leader

  Joe Conason (2007). “It Can Happen Here: Authoritarian Peril in the Age of Bush”, p.135, Macmillan

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• The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and 20s.

  Thomas Piketty

  Country, Progressive Taxation, Income

  "Economist says U.S. inequality reaching "spectacular" heights". Interview with Alain Sherter, www.cbsnews.com. June 5, 2014.

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• A poor American feels guilty at being poor, but less guilty than an American rentier who has inherited wealth but is doing nothingto increase it; what can the latter do but take to drink and psychoanalysis?

  W. H. Auden

  Guilt, Wealth, Drink

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• The baby boomers are out there, they've had a lot of good years of earnings, they've inherited wealth. They are buying trophy homes and will be for years. We are one of those places people dream of. They come here to buy a piece of that dream.

  Frank Lloyd Wright

  Dream, Baby, Home

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• Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.

  Thomas J. Stanley

  Age, Income, Inheritance

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.13, Government Institutes

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• My grandfather... saw where inherited wealth ruined people. And my grandfather was right.

  Dan Quayle

  People, Stupidity, Grandfather

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• How can the physique be braced if no fresh breath from the outer world is suffered to permeate the languid, enervating air of thedrawing-room? How can the grasp of the mind be vigorous, without action? Daughters of inherited wealth, or accumulated labor! the wide door of philanthropy is open peculiarly to you! Your life-work lies beyond your threshold: your wealth has placed you above the sorrowful struggle for daily bread which takes up the whole time of so many of your brothers and sisters. You are the almoners of God. A double accountability is yours.

  Harriot Kezia Hunt

  Daughter, Brother, Lying

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• I don't like inherited wealth.

  Albert Gubay

  Wealth

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• Scientific power is like inherited wealth; attained without discipline. You read about what others have done, and you take the next step. You can do it very young. You can make progress very fast.

  Michael Crichton

  Discipline, Progress, Next Steps

  Michael Crichton (1997). “Michael Crichton's Jurassic World”, Alfred a Knopf Incorporated

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• You know what's wrong with scientific power? It's a form of inherited wealth. And you know what assholes congenitally rich people are.

  Michael Crichton

  People, Wealth, Rich

  Michael Crichton (1997). “Michael Crichton's Jurassic World”, Alfred a Knopf Incorporated

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