“Nobody is entitled to someone else's money, that is the bottom line. People think they are entitled to it because they think they paid into it, nobody paid into anything, it was a fraud. Every single dollar that the gov collected in social security taxes, has already been spent, there is nothing there, there is no money, so the only money the government gets to make current payment is the money it can take from people who are still working. Its a transfer from the working poor in many cases to the retired rich. We don't have the money, I feel bad for the fact people made promises we can't keep, I feel bad for the people that invested with Bernie Madoff and lost their money, but its the same principle, its the same Ponzi scheme. We have to put an end to it, we have to find real solution to these problems because if we keep on denying that they exist and keep on spending money, we're going to destroy the value of everyone's benefits.”

— Peter D. Schiff

RTC, Avon, CT, 10th May 2010

Adopted from Wikiquote. Last update June 3, 2021. History

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Peter D. Schiff 40

American entrepreneur, economist and author 1963

John Barnes book Mother of Storms

Source: Mother of Storms (1994), p. 45

“I’m bothered by all these talent shows because it keeps people who are professional out of work, and these poor souls that are going on there are not getting paid, and people like Rupert Murdoch are making lots of money that they shouldn’t be.”

Helen Reddy (1941) Australian actress

On talent shows such as American Idol and The Voice
Chicago Tribune interview (March 2013)

“I don’t know how to get the money but if [the radar] is overpriced, definitely we deserve to be paid … They cannot take money from a poor country.”

Jakaya Kikwete (1950) Tanzanian politician and president

Regarding the purchase of the inflated £28m radar from BAE Systems.
Interviews, Interview with Financial Times, 2007-10-04 http://www.ft.com/cms/s/0/d8a07e28-72a3-11dc-b7ff-0000779fd2ac.html?nclick_check1/

“Remember that government doesn't earn one single dollar it spends. In order for you to get money from the government, that money must first be taken from somebody else.”

Jesse Ventura (1951) American politician and former professional wrestler

I Ain't Got Time To Bleed (1999)

“Most people work just hard enough not to get fired and get paid just enough money not to quit.”

George Carlin (1937–2008) American stand-up comedian

206

“We will not take money in taxes from those who work hard and pay it out to those who don't. We are trying to roll back the tide of Socialism. We must get ‘stuck in’ and sort out our problems in our traditional British way instead of asking the Government to intervene every time. Intervening means taking from people who work jolly hard and just manage to live within their means and make a profit, money in extra tax to pay for those who don't.”

Margaret Thatcher (1925–2013) British stateswoman and politician

Speech to Finchley Conservatives ("We are trying to roll back the tide of Socialism") (26 January 1980) https://www.margaretthatcher.org/document/104297
First term as Prime Minister

“That is a widespread myth, that it is possible to spend money with nobody paying for it. You have everybody screaming that we ought to have new, bigger, more generous government programs. Where are we going to raise the money? Tax business. But business corporations can’t pay any taxes. A corporate executive may sign the check, but where does he get the money? From his stockholders or from his customers or from his employees. Unlike the federal government, he doesn’t have a printing press in his basement. So the only way he can pay money to the government is imposing a burden on somebody. Government cannot spend money at nobody’s expense.”

Milton Friedman (1912–2006) American economist, statistician, and writer

“Economic Myths and Public Opinion” https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/AmSpectator_01_1976.pdf, The Alternative: An American Spectator, vol. 9, no. 4, (January 1976) pp. 5-9

“The Internet will not become a money machine until the banking industry figures out how to transfer money for free so you can charge USD 0.005 (half a cent) for some simple service like, say, reading a newspaper article you have searched for. With today's payment system, the cost of the transfer of the funds completely dwarf the cost of the service paid for. … This situation, however, is what acutely prevents the Internet from taking off as a network for paid services.”

Erik Naggum (1965–2009) Norwegian computer programmer

Re: is it ok if I quote? http://groups.google.com/group/comp.lang.lisp/msg/2e6eea14913a5c55
Usenet articles, Miscellaneous

“People think there's some real subversive thing playing against whoever it is; a lot of it is just people who want to go along and get along. And they also want to make money. And the bottom line is, they're going to put out as much stuff as they can — stupid, banal stuff that makes money.”

Lily Tomlin (1939) American actress, comedian, writer, and producer

The Advocate interview (2005)

“I think the testimony was that one should not receive payment that would properly be due to the enslaved. But this country is, to this very day, receiving payment that was due to its enslavers. That’s the way inheritance works in this country, however one might feel about that. If I assemble a mass of money, I have the right to pass that on to my kid. My kid has the right to do whatever and then pass it on to their kid. And so, there’s something fundamentally injust if I have secured that money by taking it from one group, and then I pass that money on to my kid.”

Ta-Nehisi Coates (1975) writer, journalist, and educator

Ta-Nehisi Coates: Reparations Are Not Just About Slavery But Also Centuries of Theft & Racial Terror, Democracy Now (20 June 2019)

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Peter D. Schiff 40

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