“The idea was that inequalities increase in the early phases of industrialization, because only a minority is prepared to benefit from the new wealth that industrialization brings. Later, in more advanced phases of development, inequality automatically decreases as a larger and larger fraction of the population partakes of the fruits of economic growth.”
― Capital in the Twenty-First Century
― Capital in the Twenty-First Century
“James Madison, the author of the First Amendment to the Constitution, prohibiting any law respecting an establishment of religion, was also an author of Article VI, which states unambiguously that “no religious test shall ever be required as a qualification to any office or public trust.” His later Detached Memoranda make it very plain that he opposed the government appointment of chaplains in the first place, either in the armed forces or at the opening ceremonies of Congress. “The establishment of the chaplainship to Congress is a palpable violation of equal rights, as well as of Constitutional principles.”
― God Is Not Great: How Religion Poisons Everything
― God Is Not Great: How Religion Poisons Everything
“Pessimism becomes a self-fulfilling prophecy; it reproduces itself by crippling our willingness to act.”
― You Can't Be Neutral on a Moving Train: A Personal History of Our Times
― You Can't Be Neutral on a Moving Train: A Personal History of Our Times
“The sharp reduction in income inequality that we observe in almost all the rich countries between 1914 and 1945 was due above all to the world wars and the violent economic and political shocks they entailed (especially for people with large fortunes). It had little to do with the tranquil process of intersectoral mobility described by Kuznets.”
― Capital in the Twenty-First Century
― Capital in the Twenty-First Century
“The cry of the poor is not always just, but if you don’t listen to it, you will never know what justice is.”
― A People's History of the United States: 1492 to Present
― A People's History of the United States: 1492 to Present
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