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"The criminal law needs to be improved to meet new forms of crime, but to denounce financial devices which are useful and legitimate because use is made of them for fraud, is ridiculous and unworthy of the age in which we live."
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Explore more quotes by William Graham Sumner
"Furthermore, the unearned increment from land appears in the United States as a gain to the first comers, who have here laid the foundations of a new State."
"I have before me a newspaper slip on which a writer expresses the opinion that no one should be allowed to possess more than one million dollars' worth of property."
"Men never cling to their dreams with such tenacity as at the moment when they are losing faith in them, and know it, but do not dare yet to confess it to themselves."
"Moreover, there is an unearned increment on capital and on labor, due to the presence, around the capitalist and the laborer, of a great, industrious, and prosperous society."
"It is a beneficent incident of the ownership of land that a pioneer who reduces it to use, and helps to lay the foundations of a new State, finds a profit in the increasing value of land as the new State grows up."
"Undoubtedly there are, in connection with each of these things, cases of fraud, swindling, and other financial crimes; that is to say, the greed and selfishness of men are perpetual."
"It is the tendency of the social burdens to crush out the middle class, and to force society into an organization of only two classes, one at each social extreme."
"Any one who believes that any great enterprise of an industrial character can be started without labor must have little experience of life."
"The waste of capital, in proportion to the total capital, in this country between 1800 and 1850, in the attempts which were made to establish means of communication and transportation, was enormous."
Exlpore more Age quotes
"It seems as if an age of genius must be succeeded by an age of endeavour; riot and extravagance by cleanliness and hard work."
"Never let your tiny age misguide you to think the time is not yet up. Get up and do it at any age."
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