“That's where all the foreign aid (which might be defined as a transfer from poor people in rich countries to rich people in poor countries) went as well. The U. S. government still squanders about $20 billion a year this way, and European governments spend proportionally even more; it's all gone straight down a giant rathole.”

— Douglas Casey

Opportunity in Mozambique http://www.escapeartist.com/Offshore/Doing_Business_Overseas/Mozambique/ (1996)

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

Help us to complete the source, original and additional information

Do you have more details about the quote "That's where all the foreign aid (which might be defined as a transfer from poor people in rich countries to rich peopl…" by Douglas Casey?

Douglas Casey 1

Related quotes

“Foreign aid goes from poor people in rich countries to rich people in poor countries.”

Rand Paul (1963) American politician, ophthalmologist, and United States Senator from Kentucky

http://www.realclearpolitics.com/video/2013/04/03/rand_paul_foreign_aid_goes_from_poor_people_in_rich_countries_to_rich_people_in_poor_countries.html, University of Kentucky, 3-27-2013.
2010s

“It has been said that America is a country for the poor, not for the rich. There would be more correctness in saying it is the country for both, where the latter have a relish for free government; but, proportionally, more for the former than for the latter.”

James Madison (1751–1836) 4th president of the United States (1809 to 1817)

1820s, Letter to F. Corbin (1820)

“If it makes sense to transfer income from rich to poor people within a generation, why shouldn't we transfer income from rich to poor generations?”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 18, Deficit Finance, p. 435

“The goal to strive for is a poor government but a rich people.”

Andrew Johnson (1808–1875) American politician, 17th president of the United States (in office from 1865 to 1869)

As quoted in Andrew Johnson, Plebeian and Patriot (1928) by Robert Watson Winston
Quote

“The motivation for war is simple. The U. S. government started the war with Iraq in order to make it easy for U. S. corporations to do business in other countries. They intend to use cheap labor in those countries, which will make Americans rich.”

Michael Moore (1954) American filmmaker, author, social critic, and liberal activist

As quoted in Koch: Moore's propaganda film cheapens debate, polarizes nation, Ed, Koch, World Tribune, 29 June 2004 http://www.worldtribune.com/worldtribune/WTARC/2004/guest_koch_6_28.html,
2004