Age Quote by Henry Hazlitt
“Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to alleviate that poverty.”
About This Quote
Source Book: Economics in One Lesson, Henry Hazlitt, 1946
Wealthy individuals can contribute to reducing poverty rather than being its cause.
In simple terms: Rich can help ease poverty.
Key Takeaway
Support policies that enable wealth to aid the poor.
Themes
economics
poverty
wealth distribution
Mood
analytical
optimistic
Type
economic
social commentary
When to use this quote
- public policy
- charitable giving
- community development
- tax incentives
Key Concepts
trickle‑down myth
social responsibility
Questions to Reflect On
- How can we ensure wealth benefits the poor?
- What mechanisms prevent misuse of wealth?
A Different Perspective
Assumes wealth is always used altruistically, which may not hold.
![“No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food, housing, health services, education or money, income is an excellent antidote for deprivation. No truth has spawned so much ingenious evasion.” quote by John Kenneth Galbraith](https://sms4smile.com/quotes/img-quotes/dfb/john-kenneth-galbraith-643_antidote_no-solution-to-the-problem-of-poverty-is_2941126.jpg)
