“Four hundred obscenely wealthy individuals, 400 little Mubaraks -- most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 -- now have more cash, stock and property than the assets of 155 million Americans combined.”

— Michael Moore

Speech delivered at Wisconsin Capitol in Madison (5 March 2011)
Claim found to be "true" by PolitiFact and others.
2011

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

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Michael Moore 71

American filmmaker, author, social critic, and liberal acti… 1954

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“Today just 400 Americans have more wealth than half of all Americans combined.”

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

Speech delivered at Wisconsin Capitol in Madison (5 March 2011)
Claim found to be "true" by PolitiFact and others.
2011
Source: [Moore, Michael, America Is Not Broke, http://www.huffingtonpost.com/michael-moore/america-is-not-broke_b_832006.html, 6 March 2011, Huffington Post, 11 August 2013]
Source: [Kertscher, Tom, Borowski, Greg, The Truth-O-Meter Says: True - Michael Moore says 400 Americans have more wealth than half of all Americans combined, http://www.politifact.com/wisconsin/statements/2011/mar/10/michael-moore/michael-moore-says-400-americans-have-more-wealth-/, 10 March 2011, PolitiFact, 11 August 2013]
Source: [Moore, Michael, Michael Moore, The Forbes 400 vs. Everybody Else, http://www.michaelmoore.com/words/must-read/forbes-400-vs-everybody-else, March 7, 2011, michaelmoore.com http://www.michaelmoore.com/, yes, 2011-03-09, 2014-08-28, http://web.archive.org/web/20110309211959/http://www.michaelmoore.com/words/must-read/forbes-400-vs-everybody-else]
Source: [Pepitone, Julianne, Forbes 400: The super-rich get richer, http://money.cnn.com/2010/09/22/news/companies/forbes_400/index.htm, 22 September 2010, CNN, 11 August 2013]
Source: [Johnson, Dave, 9 Pictures That Expose This Country's Obscene Division of Wealth, http://www.alternet.org/story/149918/9_pictures_that_expose_this_country%27s_obscene_division_of_wealth, 14 February 2011, Alternet, 11 August 2013]

“The fission bomb was a costly mistress. Consider, your Honors. In 1979 this planet celebrated the International Year of the Child. Of the one hundred and twenty-two million children born that year, one of every ten was dead by 1982, and most died for lack of inexpensive food and vaccines. Yet in 1982 the world spent one trillion dollars on weapons. One trillion dollars!”

James K. Morrow (1947) (1947-) science fiction author

Source: This Is the Way the World Ends (1986), Chapter 12, “In Which It Is Shown that the End of the World Was More Necessary than Previously Supposed” (pp. 156-157)

“We will argue that the long-run value of a related diversification lies not so much in the exploitation of economies of scope (asset amortization) - where the benefit is primarily short-term - but in allowing corporations to more cost efficiently expand their stocks of strategic assets. Relatedness, which opens the way for asset improvement, asset creation and asset fission, holds the key to the long-run competitive advantages of diversification. This means that in most cases, similarities in the processes by which strategic assets are expanded and new assets are created are more important than static similarities between the strategic assets that are the outcome of these processes.”

Constantinos C. Markides (1960) Cypriot business theorist

Source: "Related diversification, core competences and corporate performance", 1994, p. 150

“I was worth about over a million dollars when I was twenty-three and over ten million dollars when I was twenty-four, and over a hundred million dollars when I was twenty-five and it wasn't that important because I never did it for the money.”

Steve Jobs (1955–2011) American entrepreneur and co-founder of Apple Inc.

Interview in the PBS documentary Triumph of the Nerds: The Rise of Accidental Empires (1996)
1990s

“Now, my dear Philippine, a few words more. I am not rich; but my affairs are not in a deranged or desperate state, and were I to die to-day, and my property sold, it would fetch 5,000 dollars at least, so that I possess 2,000 dollars more than my father gave me. I have but 400 dollars salary; my practice is good, and becomes daily more lucrative; the income I derive from it now is more than sufficient to keep a good and respectable house; my prospects are flattering; but I can and must not name them at present; I will not bring them into account.”

Albrecht Thaer (1752–1828) German agronomist and an avid supporter of the humus theory for plant nutrition

My Life and Confessions, for Philippine, 1786

“At a time of massive wealth and income inequality, when the three richest Americans own more wealth than 160 million Americans, it is literally beyond belief that the Republican leadership wants to provide hundreds of billions of dollars in tax breaks to the top 0.2 percent…”

Bernie Sanders (1941) American politician, senator for Vermont

Bernie Sanders Has a Plan to Tax the Rich That’s About As Radical as What Teddy Roosevelt Proposed, by John Nichols, The Nation https://www.thenation.com/article/bernie-sanders-progressive-estate-tax-teddy-roosevelt/ (12 February 2019)
2010s, 2019, February 2019

“To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have cost without profits. It never occurs to such people that these products might cost several million dollars more to produce if they were produced by enterprises operating without the incentives to be efficient created by the prospect of profits.”

Thomas Sowell (1930) American economist, social theorist, political philosopher and author

https://www.sun-sentinel.com/news/fl-xpm-2003-12-26-0312241220-story.html, South Florida Sun Sentinel, December 26, 2003
2000s

“In point of material wealth and resources, we are greatly in advance of them. The taxable property of the Confederate States cannot be less than twenty-two hundred millions of dollars! This, I think I venture but little in saying, may be considered as five times more than the colonies possessed at the time they achieved their independence. Georgia, alone, possessed last year, according to the report of our comptroller-general, six hundred and seventy-two millions of taxable property. The debts of the seven confederate States sum up in the aggregate less than eighteen millions, while the existing debts of the other of the late United States sum up in the aggregate the enormous amount of one hundred and seventy-four millions of dollars. This is without taking into account the heavy city debts, corporation debts, and railroad debts, which press, and will continue to press, as a heavy incubus upon the resources of those States. These debts, added to others, make a sum total not much under five hundred millions of dollars. With such an area of territory as we have-with such an amount of population-with a climate and soil unsurpassed by any on the face of the earth-with such resources already at our command-with productions which control the commerce of the world-who can entertain any apprehensions as to our ability to succeed, whether others join us or not?”

Alexander H. Stephens (1812–1883) Vice President of the Confederate States (in office from 1861 to 1865)

The Cornerstone Speech (1861)

“Reformers desperate to resuscitate taxpayer funding [of elections] cite the supposedly scandalous fact that each party's 2008 presidential campaign may spend $500 million. If so, Americans volunteering to fund the dissemination of speech about candidates for the nation's most consequential office will contribute $1 billion, which is about half the sum they spend annually on Easter candy. Some scandal.”

George Will (1941) American newspaper columnist, journalist, and author

Column, September 28, 2006, "Checkout for an Undemocratic Checkoff" http://www.jewishworldreview.com/cols/will092806.php3 at jewishworldreview.com.
2000s

“Upon the sacredness of property civilization itself depends—the right of the laborer to his hundred dollars in the savings bank, and equally the legal right of the millionaire to his millions.”

Andrew Carnegie (1835–1919) American businessman and philanthropist

Source: Wealth, 1889, p. 656

“Four hundred obscenely wealthy individuals, 400 little Mubaraks -- most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 -- now have more cash, stock and property than the assets of 155 million Americans combined.”

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Michael Moore 71

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