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Michael Hudson Quotes: One basic myth is that rich people get wealthy by earning income. But that's not how most get rich. Most of the gains of the rich people since 1945 have been
         

One basic myth is that rich people get wealthy by earning income. But that's not how most get rich. Most of the gains of the rich people since 1945 have been "capital gains".


Michael Hudson
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Other quotes of Michael Hudson


We go forward with our heads held high, but look back and remember where we come from.

We go forward with our heads held high, but look back and remember where we come from.



You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply.

You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply.



The one sure mark of a con, though, is the promise of free money.

The one sure mark of a con, though, is the promise of free money.



What's bad for the frackers usually is good for the rest of the world.

What's bad for the frackers usually is good for the rest of the world.



Nothing could be better for the economy than to get rid of fracking.

Nothing could be better for the economy than to get rid of fracking.



Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.

Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.



Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."

Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."



Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.

Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.



We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery.

We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery.



To the deficit commission, a depression is the solution to the problem, not a problem.

To the deficit commission, a depression is the solution to the problem, not a problem.





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Obey God and leave all the consequences to Him.

Obey God and leave all the consequences to Him.



‎"Consider the rights of others before your own feelings, and the feelings of others before your own rights.

‎"Consider the rights of others before your own feelings, and the feelings of others before your own rights.



Art hath an enemy called ignorance.

Art hath an enemy called ignorance.



There are no straight lines or sharp corners in nature. Therefore, buildings must have no straight lines or sharp corners.

There are no straight lines or sharp corners in nature. Therefore, buildings must have no straight lines or sharp corners.



If a man knows more than others, he becomes lonely.

If a man knows more than others, he becomes lonely.



I'm an artist, a designer, a craftsman, interior designer, half-architect. There's no one name that fits me very well.

I'm an artist, a designer, a craftsman, interior designer, half-architect. There's no one name that fits me very well.



Feydeau's one rule of playwriting: Character A: My life is perfect as long as I don't see Character B. Knock Knock. Enter Character B.

Feydeau's one rule of playwriting: Character A: My life is perfect as long as I don't see Character B. Knock Knock. Enter Character B.



In the period of '60s to the '90s, British art schools were small, and the number of student was small. The personal contact was great.

In the period of '60s to the '90s, British art schools were small, and the number of student was small. The personal contact was great.



My dear father always said that when everybody had a telephone nobody would have any manners, because there wouldn't be time for them. And of course he was perfectly right.

My dear father always said that when everybody had a telephone nobody would have any manners, because there wouldn't be time for them. And of course he was perfectly right.



I think a part of being successful or trying to be successful is staying true to who you are. Be genuine.

I think a part of being successful or trying to be successful is staying true to who you are. Be genuine.




Quote Description


This page presents the quote "One basic myth is that rich people get wealthy by earning income. But that's not how most get rich. Most of the gains of the rich people since 1945 have been &quot;capital gains&quot;.". Author of this quote is Michael Hudson. This quote is about myth, income, people, earning, get rich, gains, wealthy, rich people,.