Category: money
Quotes of Category: money
Everything seemed so clear to him now that he could not stop wondering how it was that everybody did not see it, and that he himself had for such a long while not seen what was so clearly evident. The people were dying out, and had got used to the dying-out process, and had formed habits of life adapted to this process...And so gradually had the people come to this condition that they did not realize the full horrors of it, and did not complain. Therefore, we consider their condition natural and as it should be. Now it seemed as clear as daylight that the chief cause of the people's great want was one that they themselves knew and always pointed out, i.e., that the land which alone could feed them had been taken from them by the landlords.And how evident it was that the children and the aged died because they had no milk, and they had no milk because there was no pasture land, and no land to grow corn or make hay on...The land so much needed by men was tilled by these people, who were on the verge of starvation, so that the corn might be sold abroad and the owners of the land might buy themselves hats and canes, and carriages and bronzes, etc. book-quotemoneyownershiplandlordsAmerica's industrial success produced a roll call of financial magnificence: Rockefellers, Morgans, Astors, Mellons, Fricks, Carnegies, Goulds, du Ponts, Belmonts, Harrimans, Huntingtons, Vanderbilts, and many more based in dynastic wealth of essentially inexhaustible proportions. John D. Rockefeller made $1 billion a year, measured in today's money, and paid no income tax. No one did, for income tax did not yet exist in America. Congress tried to introduce an income tax of 2 percent on earnings of $4,000 in 1894, but the Supreme Court ruled it unconstitutional. Income tax wouldn't become a regular part of American Life until 1914. People would never be this rich again.Spending all this wealth became for many a more or less full-time occupation. A kind of desperate, vulgar edge became attached to almost everything they did. At one New York dinner party, guests found the table heaped with sand and at each place a little gold spade; upon a signal, they were invited to dig in and search for diamonds and other costly glitter buried within. At another party - possibly the most preposterous ever staged - several dozen horses with padded hooves were led into the ballroom of Sherry's, a vast and esteemed eating establishment, and tethered around the tables so that the guests, dressed as cowboys and cowgirls, could enjoy the novel and sublimely pointless pleasure of dining in a New York ballroom on horseback. book-quotemoneypartieswealth
