Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
Thomas SowellTags: wealth economics socialism income distribution earnings
The acquisition by dishonest means and cunning,' said Levin, feeling that he was incapable of clearly defining the borderline between honesty and dishonesty. 'Like the profits made by banks,' he went on. 'This is evil, I mean, the acquisition of enormous fortunes without work, as it used to be with the spirit monopolists. Only the form has changed. Le roi est mort, vive le roi! Hardly were the monopolies abolished before railways and banks appeared: just another way of making money without work.
Leo TolstoyTags: work labor banks anna-karenina leo-tolstoy monopolies earnings profits railways
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