Amenities Quote by Henry Hazlitt
“No matter whether it is their intention or not, almost anything that the rich can legally do tends to help the poor. The spending of the rich gives employment to the poor. But the saving of the rich, and their investment of these savings in the means of production, gives just as much employment, and in addition makes that employment constantly more productive and more highly paid, while it also constantly increases and cheapens the production of necessities and amenities for the masses.”
About This Quote
Source Book: Economics in One Lesson, Henry Hazlitt, 1949
Rich actions that are legal often generate jobs and productivity, indirectly aiding the poor, though savings can also boost employment and lower costs.
In simple terms: Legal rich actions create jobs and lower prices for the poor.
Key Takeaway
Consider both spending and saving impacts.
Themes
economics
wealth
poverty
employment
Mood
analytical
critical
Type
economic
policy
When to use this quote
- policy making
- business strategy
- social welfare
- investment decisions
Key Concepts
resource allocation
productivity
income distribution
Questions to Reflect On
- How do tax policies affect this dynamic?
- What safeguards ensure savings benefit the poor?
A Different Perspective
Assumes all rich actions are beneficial; ignores inequality.
