William E. Simon Quotes
I sometimes think that the only person fit to inherit wealth is the person who doesn't need an inheritance - the person who would create his own fortune no matter what his start in life - and have come to view inherited wealth as an affliction.
Simon, William E. A Time for Reflection: An Autobiography. Regnery Publishing, 2004, p. 248.
This was an essay on the Death of Writer & Philosopher Henry David Thoreau, 1817-1862.
William Edward Simon was an American businessman and philanthropist who served as the 63rd United States Secretary of the Treasury. He became the Secretary of the Treasury on May 9, 1974, during the Nixon administration. After Nixon resigned, Simon was reappointed by President Ford and served until 1977 when President Carter took office. Outside of government, he was a successful businessman and philanthropist. The William E. Simon Foundation carries on this legacy. He styled himself as a strong advocate of laissez-faire capitalism. He wrote, "There is only one social system that reflects the sovereignty of the individual: the free-market, or capitalist, system".