Hilaire Belloc Quotes

Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.

The level of credit in Mexico has shown to be low. And where credit concentrates the most favors large corporations and not companies.

It is only the poor who pay cash, and that not from virtue, but because they are refused credit.

But the good news is that out in the countryside, just about every place that's got a zip code has somebody or some group of people battling the economic and political exclusion that Wall Street and Washington are shoving down our throats.

One of the strangest things about life is that the poor, who need the money the most, are the ones that never have it.

We do recognise that there are areas where the current financial services market, the banking market, just isn't working for chunks of the British economy.

Negro banks, as a rule, have failed because the people, taught that their own pioneers in business cannot function in this sphere, withdrew their deposits.

There is only one class in the community that thinks more about money than the rich, and that is the poor. The poor can think of nothing else.

The issue of wealth inequality is ... the great moral issue of our time.

The distribution of wealth is just as important as its creation.

When states and cities and our country say we're going to tax the rich - and that word 'rich' or 'wealthy' doesn't sound like it comes from success of hard work, but from something negative - I resent it.

Historically marginalized populations have already had less access to wealth and credit building opportunities, and the continued use of credit histories to set auto insurance pricing compounds racial discrimination and exacerbates wealth inequality.

A cashless society promises a world of limitation, control, and surveillance - all of which the poorest Americans already have in abundance, of course. For the most vulnerable, the cashless society offers nothing substantively new; it only extends the reach of the existing paternal bureaucratic state.

I did not have a car in high school and neither did Angelina. Try to imagine. You go to Beverly Hills High, one of the wealthiest high schools in the nation. Even the cheapest car that anyone has is brand new. All my friends are well off. I have a movie-star father and no car. It was debilitating.

Most people find they have to worry about money; if you don't ever, then in some fundamental way, you are cut off from most people.

The inability of middle-class people to receive loans in developing countries has had a stifling effect on economic growth and prosperity around the globe.

Black people in America, people from the struggle, immigrants, it's no generational wealth that we are attached to, so we are tasked to create - in one generation - closing the gap. That's why we so Doomsday about getting to the check: 'cause it's life or death for real.

The problem is that people basically dangle debt in front of us. And the cost for the poor of course is much higher than for the wealthy.

What's happening is there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out, so the people who get to use the money first, which is created by the Federal Reserve System, benefit, so the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.

As a general rule, nobody has money who ought to have it.

The struggle of ordinary people for a decent living, for security, is as old as the republic, but it's taken on a new and urgent edge. Instead of shared prosperity our political system has now produced a winner-take-all economy.

Even in the era of the first black president, racism is still the most intractable issue in USA. Regarding poverty, half of all Americans are either in or near poverty. Poverty is certainly worse for African-Americans now than it was during King's lifetime.

In the U.S. when people like me started writing things about inequality, the economic journals had no classification for inequality. I couldn't find where to submit my inequality papers because there was no such topic. There was welfare, there was health issues, there was trade obviously. Finance had hundreds of sub groups.

The only people that a bank will loan money to is the very people who don't need it.

The first thing that you need to deal with is the issue of equity and poverty.