Dividends Quotes

Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.

The point is, there is no feasible excuse for what are, for what we have made of ourselves. We have chosen to put profits before people, money before morality, dividends before decency, fanaticism before fairness, and our own trivial comforts before the unspeakable agonies of others

Controlling your time is the highest dividend money pays.

They say of me, and so they should, It's doubtful if I come to good. I see acquaintances and friends Accumulating dividends And making enviable names In science, art and parlor games. But I, despite expert advice, Keep doing things I think are nice, And though to good I never come Inseparable my nose and thumb.

She learned that keeping up and working hard paid dividends inside the Pietà, unavailable to women outside it.

Worry is a dividend paid to disaster before it is due.

Luck is the dividend of sweat. The more you sweat, the luckier you get.

The best dividends on the labor invested have invariably come from seeking more knowledge rather than more power.” Signed Wilbur and Orville Wright, March 12, 1906.

I very frequently get the question: 'What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost never get the question: 'What's not going to change in the next 10 years?' And I submit to you that that second question is actually the more important of the two -- because you can build a business strategy around the things that are stable in time. ... [I]n our retail business, we know that customers want low prices, and I know that's going to be true 10 years from now. They want fast delivery; they want vast selection. It's impossible to imagine a future 10 years from now where a customer comes up and says, 'Jeff I love Amazon; I just wish the prices were a little higher,' [or] 'I love Amazon; I just wish you'd deliver a little more slowly.' Impossible. And so the effort we put into those things, spinning those things up, we know the energy we put into it today will still be paying off dividends for our customers 10 years from now. When you have something that you know is true, even over the long term, you can afford to put a lot of energy into it.

Just as life has no quick fix; transformation lacks a flick-switch approach as well. Investing in a better version of yourself will take time but pay you rich dividends as well.

Regret never pays dividends

The Right thinks that the breakdown of the family is the source of crime and poverty, and this they very insightfully blame on the homosexuals, which would be amusing were it not so tragic. Families and 'family values' are crushed by grinding poverty, which also makes violent crime and drugs attractive alternatives to desperate young men and sends young women into prostitution. Family values are no less corrupted by the corrosive effects of individualism, consumerism, and the accumulation of wealth. Instead of shouting this from the mountain tops, the get-me-to-heaven-and-the-rest-be-damned Christianity the Christian Right preaches is itself a version of selfish spiritual capitalism aimed at netting major and eternal dividends, and it fits hand in glove with American materialism and greed.

The point is, there is no feasible excuse for what we are, for what we have made of ourselves. We have chosen to put profits before people, money before morality, dividends before decency, fanaticism before fairness, and our own trivial comforts before the unspeakable agonies of others.

Valor rarely reaps the dividends it should.

One of the fables we live by is that some day the killing will stop. If only we rid ourselves of Chinese, white men will have jobs and white women will have virtue, and then we can stop killing. If only we rid ourselves of Indians, we will fulfill our Manifest Destiny, and then we can stop killing. If only we rid ourselves of Canaanites, we will live in the Promised Land, and then we can stop killing. If only we rid ourselves of Jews, we can build and maintain a Thousand Year Reich, and then we can stop killing. If only we stop the Soviet Union, we can stop the killing (remember the Peace Dividend that never materialized?). If only we can take out the worldwide terrorist network of bin Laden and others like him. If only. But the killing never stops. Always a new enemy to be hated is found.

I mean … we’d just passed our one-year dating anniversary. I figured I was a sort of long-term investment for her. She hoped I would pay dividends eventually; if I died now, she would’ve put up with all my annoying qualities for nothing.

Travel is costly yes, but it pays dividends too.

The heralded social dividends of education are largely illusory: rising education’s main fruit is not broad-based prosperity, but credential inflation

I view investing as a method of purchasing assets to gain profit in the form of reasonably predictable income (dividends, interest, or rentals) and /or appreciation over the long term.

Children get food shelter pocket money longholidays and love, all of it apparently free gratis, and most of the little fools think it's a sort of compensation for having been born. 'There are no strings on me!' They sang; but I, pinnoccio, saw the strings. Parents are impelled by the profit motive - nothing more, nothing less. For their attentions, they expected, from me, the immense dividend of greatness.

You will invest in something as you live your life, so make sure it is something that will pay dividends you will enjoy.

An investment in self-development pays the highest dividends.

Many people object to “wasting money in space” yet have no idea how much is actually spent on space exploration. The CSA’s budget, for instance, is less than the amount Canadians spend on Halloween candy every year, and most of it goes toward things like developing telecommunications satellites and radar systems to provide data for weather and air quality forecasts, environmental monitoring and climate change studies. Similarly, NASA’s budget is not spent in space but right here on Earth, where it’s invested in American businesses and universities, and where it also pays dividends, creating new jobs, new technologies and even whole new industries.

Keep at it. Persistence does pay dividends. But there is a catch; you gotta believe it before manifestation will validate conviction as [your] truth. And sacrifice is a required path to fulfillment.

Short-term profits are not reliable indicator of performance of management. Anybody can pay dividends by deferring maintenance, cutting out research, or acquiring another company.

She grinned, a silty grin. 'You were my two dividends, yes? Don't you forget that.' Then she sighed, took a deep breath, and said, 'But what an investment. My life.

Now arrogance and error would reap the usual dividends

Performance of management should be measured by potential to stay in business, to protect investment, to ensure future dividends and jobs through improvement of product and service for the future, not by the quarterly dividend.

Connor pockets his cell. “Lily,” he says. “If I wanted to date for a last name, I’d have a girl on my arm every single day. I would never be single.” He leans forward. “I promise you, that my intentions are pure. And I think it’s sweet you’re looking out for Rose, but she’s more than capable of taking care of herself, which is one of the many reasons why I want to pursue her.” “What’s another reason?” I test him. He smiles. “I won’t have to taxingly explain to her menu items in a real French restaurant.” He knows she’s fluent? “I won’t have to explain financial statements or dividends. I’ll be able to discuss anything and everything in the world, and she’ll have an answer.

A patient willingness to defer dividends is a hallmark of individual maturity.

The point is, there is no feasible excuse for what are, for what we have made of ourselves. We have chosen to put profits before people, money before morality, dividends before decency, fanaticism before fairness, and our own trivial comforts before the unspeakable agonies of others.

Lured by the wilderness, and by the chance of spotting rare desert elephants, a few intrepid tourists make their way to the Skeleton Coast each year. It's just about as remote as any tourist destination on earth, but one that pays fabulous dividends.

Whatever the reason we first mustered the _Apollo_ program, however mired it was in Cold War nationalism and the instruments of death, the inescapable recognition of the unity and fragility of the Earth is its clear and luminous dividend, the unexpected final gift of _Apollo_. What began in deadly competition has helped us to see that global cooperation is the essential precondition for our survival. Travel is broadening. It's time to hit the road again.

Love reaches a pitch at those moments when our beloved turns out to understand, more clearly than others have ever been able to, and perhaps even better than we do ourselves, the chaotic, embarrassing and shameful parts of us. That someone else gets who we are and both sympathizes with and forgives us for what they see underpins our whole capacity to trust and to give. Love is a dividend of gratitude for our lover’s insight into our own confused and troubled psyche.

Knowledge is a commodity to be shared. For knowledge to pay dividends, it should not remain the monopoly of the selected few.

The greatest dividends in life are those that we give away.

It takes courage to quit something, but often you get that courage back with dividends.

Invest in love to earn dividends of happiness.

The true investor . . . will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.

how unfortunate that we should have had that very cold weather at a time when coal was so dear! So distressing for the poor.” “Someone has observed that Providence is always on the side of the big dividends,” remarked Reginald.

[Scapegoating] blames societal ills on the groups with the least power and the least say in how the country operates while allowing the larger framework and those who control and reap the dividends of these divisions to go unchecked.

Oh, my dear boy, one mustn't expect gratitude. It's a thing that no one has a right to. After all, you do good because it gives you pleasure. It's the purest form of happiness there is. To expect thanks for it is really asking too much. If you get it, well, it's like a bonus on shares on which you've already received a dividend; it's grand, but you mustn't look upon it as your due. [The back of beyond]

I have observed that when any of us embarks on the pursuit of happiness for ourselves, it eludes us. Often I've asked myself why. It must be because happiness comes to us only as a dividend. When we become absorbed in something demanding and worthwhile above and beyond ourselves, happiness seems to be there as a by-product of the self-giving. That should not be a startling truth, yet I'm surprised by how few people understand and accept it. Have we made a god of happiness?..."You did not choose me, but I chose you and appointed you that you should go and bear fruit and that your fruit should abide." John 15:16 RSV....Somehow that passage was like light penetrating their darkness: much of their unhappiness, they realized, was caused by self-centeredness.

He thought she was happy. She didn't have the heart to tell him the truth. There was no need, anyway. Happiness never lasted, because happiness didn't pay dividends. That was just the way the world worked.

Sin always overpromises and underdelivers, while righteousness pays dividends for eternity... Nothing is more illogical than sin. It's the epitome of poor judgment. It's temporary insanity with eternal consequences. And we have no alibi, save the cross of Jesus Christ.

Everywhere I went, I found that the people who had replaced the zero sum with a new formula of cross-racial solidarity had found the key to unlocking what I began to call a “Solidarity Dividend,” from higher wages to cleaner air, made possible through collective action. And

I believe that higher wages to men who respect their employers and are happy and contented are a good investment, yielding, indeed, big dividends. The

Few things will pay you bigger dividends in life than the time and trouble you take to understand people and build relationships. As

The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.

Hope, once invested in, always pays dividends.

Do you know the only thing that gives me pleasure? It's to see my dividends coming in. [Remark to a neighbor, quoted by John Lewis in Cosmopolitan (1908)]

One can never tell what will be the result of faithful service rendered, nor do we know when it will come back to us or to those with whom we are associated. The reward may not come at the time, but in dividends later. I believe we will never lose anything in life by giving service, by making sacrifices, and doing the right thing.

I have found that there is romance in housework: and charm in it; and whimsy and humor without end. I have found that the housewife works hard, of course–but likes it. Most people who amount to anything do work hard, at whatever their job happens to be. The housewife’s job is home-making, and she is, in fact, ‘making the best of it’; making the best of it by bringing patience and loving care to her work; sympathy and understanding to her family; making the best of it by seeing all the fun in the day’s incidents and human relationships. The housewife realizes that home-making is an investment in happiness. It pays everyone enormous dividends. There are huge compensations for the actual labor involved… There are unhappy housewives, of course. But there are unhappy stenographers and editresses and concert singers. The housewife whose songs I sing as I go about my work, is the one who likes her job (pp. 6-7). From Songs of a Housewife: Poems by Marjorie Kinnan Rawlings

I have observed that when any of us embarks on the pursuit of happiness for ourselves, it eludes us. Often I've asked myself why. It must be because happiness comes to us only as a dividend. When we become absorbed in something demanding and worthwhile above and beyond ourselves, happiness seems to be there as a by-product of the self-giving. That should not be a startling truth, yet I'm surprised by how few people understand and accept it. Have we made a god of happiness?..."You did not choose me, but I chose you and appointed you that you should go and bear fruit and that your fruit should abide." John 15:16 RSV....Somehow that passage was like light penetrating their darkness: much of their unhappiness, they realized, was caused by self-centeredness.

You can’t always choose your future. Not in a world of risk and uncertainty. No matter what the self-help gurus tell you. You can only attempt to guide it in the right direction, like a willful horse, but accept there will be times when it will gallop off in a direction not of your choosing. No one can tell you what lies ahead with one hundred percent accuracy. If your doctor tells you ninety-nine out of one hundred people die of your disease, you most likely will die, but you might also be the one who beats the odds, and if you do, you will believe yourself special and blessed, and your loved ones will believe the fervency of their prayers for you paid dividends, but it’s just math. It’s all just math.

Practical knowledge is the ultimate commodity, and is what will pay you dividends for decades to come—far more than the paltry increase in pay you might receive at some seemingly lucrative position that offers fewer learning opportunities.

Yeah, it's real easy to look in the mirror and be proud when you're wearing pleated shorts. And you know what's really pathetic? I don't even have any dividends to get tax-decreased. When'll they cut taxes on not-having-health-insurancends?

The principal object of management should be to secure the maximum prosperity for the employer, coupled with the maximum prosperity for each employee. The words "maximum prosperity" are used, in their broad sense, to mean not only large dividends for the company or owner, but the development of every branch of the business to its highest state of excellence, so that the prosperity may be permanent.

Everybody wants friends. Everybody needs friends. No one wishes to be without them. But never lose sight of the fact that it is your friends who will lead you along the paths that you will follow. While you should be friendly with all people, select with great care those whom you wish to have close to you. They will be your safeguards in situations where you may vacillate between choices, and you in turn may save them. . . . Be Grateful. Be Smart. Be Involved. Be Clean. Be True. Be Positive. Be Humble. Be Still. Be Prayerful. There they are, nine Be's which, if observed, will bring handsome dividends to any young man or woman. They will add sparkle to your days and peace to your nights. They will save you from heartache and pain. They will bring purpose into your life and give direction to your energies. They will bring you friends of your own kind. They will protect you from associations that would pull you down and deflect you from your course.

Columbus, desperate to pay back dividends to those who had invested, had to make good his promise to fill the ships with gold. In the province of Cicao on Haiti, where he and his men imagined huge gold fields to exist, they ordered all persons fourteen years or older to collect a certain quantity of gold every three months. When they brought it, they were given copper tokens to hang around their necks. Indians found without a copper token had their hands cut off and bled to death. The Indians had been given an impossible task. The only gold around was bits of dust garnered from the streams. So they fled, were hunted down with dogs, and were killed.

The concept of ‘spending’ is problematic. When we are functioning with intention and wisdom, the only thing we really do with money is invest. There are small investments, and big investments. There are good investments and bad investments…The ROI we get for some investments is a product or service - the groceries in exchange for money, or the the car wash in exchange for money. And the ROI we get for other investments may be additional money in the form of interest or dividends, while the ROI in other cases is just a sense of fulfillment after maybe giving to charity or buying a gift for your spouse, or paying for your kids tuition, or creating art. When we look at it from this perspective, we get rid of the expectation that sending money out is a loss, and we replace it with an expectation that sending money out will always result in an ROI of some kind. Everything is an investment when we act with intention and wisdom.

Wisdom is really the key to wealth. With great wisdom, comes great wealth and success. Rather than pursuing wealth, pursue wisdom. The aggressive pursuit of wealth can lead to disappointment. Wisdom is defined as the quality of having experience, and being able to discern or judge what is true, right, or lasting. Wisdom is basically the practical application of knowledge. Rich people have small TVs and big libraries, and poor people have small libraries and big TVs. Become completely focused on one subject and study the subject for a long period of time. Don't skip around from one subject to the next. The problem is generally not money. Jesus taught that the problem was attachment to possessions and dependence on money rather than dependence on God. Those who love people, acquire wealth so they can give generously. After all, money feeds, shelters, and clothes people. They key is to work extremely hard for a short period of time (1-5 years), create abundant wealth, and then make money work hard for you through wise investments that yield a passive income for life. Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand. Failure is success if we learn from it. Continuing failure eventually leads to success. Those who dare to fail miserably can achieve greatly. Whenever you pursue a goal, it should be with complete focus. This means no interruptions. Only when one loves his career and is skilled at it can he truly succeed. Never rush into an investment without prior research and deliberation. With preferred shares, investors are guaranteed a dividend forever, while common stocks have variable dividends. Some regions with very low or no income taxes include the following: Nevada, Texas, Wyoming, Delaware, South Dakota, Cyprus, Liechtenstein, Luxembourg, Panama, San Marino, Seychelles, Isle of Man, Channel Islands, Curaçao, Bahamas, British Virgin Islands, Brunei, Monaco, Qatar, United Arab Emirates, Saudi Arabia, Bahrain, Bermuda, Kuwait, Oman, Andorra, Cayman Islands, Belize, Vanuatu, and Campione d'Italia. There is only one God who is infinite and supreme above all things. Do not replace that infinite one with finite idols. As frustrated as you may feel due to your life circumstances, do not vent it by cursing God or unnecessarily uttering his name. Greed leads to poverty. Greed inclines people to act impulsively in hopes of gaining more. The benefit of giving to the poor is so great that a beggar is actually doing the giver a favor by allowing the person to give. The more I give away, the more that comes back. Earn as much as you can. Save as much as you can. Invest as much as you can. Give as much as you can.

As frustrating as people can be, it’s hard to find a good substitute.

Spend your money for education; it will pay you the best dividend. No one will be able to steal is and you will not lose it for a second.

Love is the only investment that gives dividends without failure.

Soldiers are citizens of death’s grey land, Drawing no dividend from time’s to-morrows. In the great hour of destiny they stand, Each with his feuds, and jealousies, and sorrows.

Just like downing a powerful caffeine drink, “reaching out to others” pays that big “life energizer dividend!

Things outside are just a projection from the DVD playing inside you. The time you invest for knowing your inner self will pay dividends outside.

If love and kindness is life's investment, then joy and happiness will be life's profit and dividend.

Scarcity of any kind, not just time, should yield a focus dividend.

no investment pays higher dividends than education.

Audiobook of The Silence Dividend, coming soon...

If you like 1984, try my short fiction story The Silence Dividend

Because we tend to remember the best of times and the worst of times instead of the most likely of times, the wealth of experience that young people admire does not always pay clear dividends.

Basically, CEOs have five essential choices for deploying capital—investing in existing operations, acquiring other businesses, issuing dividends, paying down debt, or repurchasing stock—and three alternatives for raising it—tapping internal cash flow, issuing debt, or raising equity. Think of these options collectively as a tool kit. Over the long term, returns for shareholders will be determined largely by the decisions a CEO makes in choosing which tools to use (and which to avoid) among these various options. Stated simply, two companies with identical operating results and different approaches to allocating capital will derive two very different long-term outcomes for shareholders.

There are essentially five things public corporations can do with a dollar earned: reinvest in the business, acquire other businesses or assets, pay down debt, pay dividends, and/or buy in shares. Deciding

To combat fear, the best strategy is to learn to bring your attention back to the present. Mark Twain said, “I have been through some terrible things in my life, some of which actually happened.” I don’t think I can say it any better. Practice keeping your attention on the here and now. Your efforts will pay great dividends.

As a result, studies have found we can reap immediate intellectual and emotional dividends from investing in exercise and sleep, or even from taking a moment to breathe deeply, smile broadly, and stand a little taller. In

Indeed, the calculated costs and benefits of passion and perseverance don’t always add up, at least in the short run. It’s often more “sensible” to give up and move on. It can be years or more before grit’s dividends pay off.

Knowledge of Nature is an account at bank, where each dividend is added to the principal and the interest is ever compounded; and hence it is that human progress, founded on natural knowledge, advances with ever increasing speed.

How now in the contemplative evening of his days, the pious Bildad reconciled these things in the reminiscence, I do not know; but it did not seem to concern him much, and very probably he had long since come to the sage and sensible conclusion that a man's religion is one thing, and this practical world quite another. This world pays dividends.

What was so terrible about properly funded hospitals, student grants, decent working conditions, affordable houses, trains that ran for convenience not profit, water that poured from the tap whose function was to slake your thirst not to make shareholders a dividend. What exactly was so wicked about public libraries, free eye tests and council houses? We may be coming to realise that the people who complain about the nanny state are the people who had nannies.

Practical knowledge is the ultimate commodity, and is what will pay you dividends for decades to come—far more than the paltry increase in pay you might receive at some seemingly lucrative position that offers fewer learning opportunities

Be willing for purpose; it pays huge returns on investment. And along the journey, those who dis your willing sacrifice(s) will ponder their own foolishness.

Thus, the ghettoization of the Palestinians in Gaza did not reap any dividends. The ghettoized community continued to express its will for life by firing primitive missiles into Israel. Ghettoizing or quarantining unwanted communities, even if they were regarded as dangerous, has never worked in history as a solution. The Jews know it best from their own history

Aoife also offered a 50 per cent discount if I held it here. She might look dowdy but she’s savvy. That’s how she clinched it. She knows I’ll feature it in the magazine now, knows it’ll get press because of Will. It’ll pay dividends in the end.

If there’s one place, then, where we can intervene in a way that will pay dividends for society down the road, it’s in the classroom. Yet that’s barely happening. All the big debates in education are about format. About delivery. About didactics. Education is consistently presented as a means of adaptation – as a lubricant to help you glide more effortlessly through life. On the education conference circuit, an endless parade of trend watchers prophesy about the future and essential twenty-first-century skills, the buzzwords being “creative,” “adaptable,” and “flexible.” The focus, invariably, is on competencies, not values. On didactics, not ideals. On “problem-solving ability,” but not which problems need solving. Invariably, it all revolves around the question: Which knowledge and skills do today’s students need to get hired in tomorrow’s job market – the market of 2030? Which is precisely the wrong question. In 2030, there will likely be a high demand for savvy accountants untroubled by a conscience. If current trends hold, countries like Luxembourg, the Netherlands, and Switzerland will become even bigger tax havens, enabling multinationals to dodge taxes even more effectively, leaving developing countries with an even shorter end of the stick. If the aim of education is to roll with these kinds of trends rather than upend them, then egotism is set to be the quintessential twenty-first-century skill. Not

There are many people for whom hate and rage pay a higher dividend of immediate satisfaction than love. Congenitally aggressive, they soon become adrenaline addicts, deliberately indulging psychically stimulated endocrines. Knowing that on self-assertion always ends by evoking other and hostile self-assertions, they sedulously cultivate their truculence. And, sure enough, very soon they find themselves in the thick of a fight. But a fight is what they most enjoy; for it is while they are fighting that their blood chemistry makes them feel most intensely themselves. "Feeling good", they naturally assume that they *are good. Adrenalin addiction is rationalized as Righteous Indignation and finally, like the prophet Jonah, they are convinced, unshakably, that they do well to be angry.

At Mayflower-Plymouth, we believe that nature has a multitude of lessons to learn about capital. We also believe that to invest wisely for the long term, one must truly and deeply understand business.

They forget to mention that he is the slowest mover in the universe; that his Eye that never sleeps, might as well, since it takes it a century to see what any other eye would see in a week; that in all history there is not an instance where he thought of a noble deed first, but always thought of it just a little after somebody else had thought of it and done it. He arrives then, and annexes the dividend.

Morgan then formed the U.S. Steel Corporation, combining Carnegie’s corporation with others. He sold stocks and bonds for $1,300,000,000 (about 400 million more than the combined worth of the companies) and took a fee of 150 million for arranging the consolidation. How could dividends be paid to all those stockholders and bondholders? By making sure Congress passed tariffs keeping out foreign steel; by closing off competition and maintaining the price at $28 a ton; and by working 200,000 men twelve hours a day for wages that barely kept their families alive. And so it went, in industry after industry—shrewd, efficient businessmen building empires, choking out competition, maintaining high prices, keeping wages low, using government subsidies. These industries were the first beneficiaries of the “welfare state.

The rental income served as a dividend, so to speak, but even at an early age, I focused more on the home appreciation. I came to understand the tax advantages of home ownership, implications of depreciation, and the opportunity to use the homes as leverage in borrowing money.

Who wouldn’t want to claim an identity that allows them to pay zero taxes on capital gains, interests, or dividends? Puerto Rico represents a chance to live the American dream as it was intended: the freedom to reach our full potential without having to support a welfare state.

You and I were born with a number of God given commodities that were intended to be shared. Among them is our time, friendship and love. These three things pay immeasurable dividends when shared with others. Freely giving of your time, your friendship and your love is the greatest gift you can give someone. Materially, it costs very little and yet there is nothing on this earth that yields a higher return. ~Jason Versey

Have luncheon there this afternoon, all you jobless. Why not? Dine with some of the men and women who got rich off of your labor, who clip coupons with clean white fingers because your hands dug coal, drilled stone, sewed garments, poured steel to let other people draw dividends and live easy.

Friday evening is glorified because people celebrate the dividends of their trade: five days of work-bondage exchanged for two days of unadulterated freedom. Saturday and Sunday is the paycheck for Monday through Friday, and Friday evening symbolizes the emergence of that payment, freedom for two days.

Already the people murmur that I am your enemy because they say that in verse I give the world your me. They lie, Julia de Burgos. They lie, Julia de Burgos. Who rises in my verses is not your voice. It is my voice because you are the dressing and the essence is me; and the most profound abyss is spread between us. You are the cold doll of social lies, and me, the virile starburst of the human truth. You, honey of courtesan hypocrisies; not me; in all my poems I undress my heart. You are like your world, selfish; not me who gambles everything betting on what I am. You are only the ponderous lady very lady; not me; I am life, strength, woman. You belong to your husband, your master; not me; I belong to nobody, or all, because to all, to all I give myself in my clean feeling and in my thought. You curl your hair and paint yourself; not me; the wind curls my hair, the sun paints me. You are a housewife, resigned, submissive, tied to the prejudices of men; not me; unbridled, I am a runaway Rocinante snorting horizons of God's justice. You in yourself have no say; everyone governs you; your husband, your parents, your family, the priest, the dressmaker, the theatre, the dance hall, the auto, the fine furnishings, the feast, champagne, heaven and hell, and the social, "what will they say." Not in me, in me only my heart governs, only my thought; who governs in me is me. You, flower of aristocracy; and me, flower of the people. You in you have everything and you owe it to everyone, while me, my nothing I owe to nobody. You nailed to the static ancestral dividend, and me, a one in the numerical social divider, we are the duel to death who fatally approaches. When the multitudes run rioting leaving behind ashes of burned injustices, and with the torch of the seven virtues, the multitudes run after the seven sins, against you and against everything unjust and inhuman, I will be in their midst with the torch in my hand.

These haymeadow days were the Arcadian age for marsh dwellers. Man and beast, plant and soil lived on and with each other in mutual toleration, to the mutual benefit of all. The marsh might have kept on producing hay and prairie chickens, deer and muskrat, crane-music and cranberries forever. The new overlords did not understand this. They did not include soil, plants, or birds in their ideas of mutuality. The dividends of such a balanced economy were too modest. They envisaged farms not only around, but in the marsh. An epidemic of ditch-digging and land-booming set in. The marsh was gridironed with drainage canals, speckled with new fields and farmsteads.

What made me angrier was that none of the others seemed to care. To them, I knew, this didn’t make the slightest bit of difference. What was it to them if they had to go an extra term? What did it matter, if they failed to graduate, if they had to go back home? At least they had homes to go to. They had trust funds, allowances, dividend checks, doting grandmas, well-connected uncles, loving families. College for them was only a way station, a sort of youthful diversion. But this was my main chance, the only one. And I had blown it.

we owe love to all people, but only to a proven friend are we to entrust “the secrets of the heart.

automatically compound. If you need cash, you can sell stock and pay capital gains tax at a lower rate than a dividend would be taxed.

Comedy is rooted in this capacity to face painful truths and to offer, by means of laughter, a dividend of forgiveness. I learned this from Lorrie Moore, among others.

Because I actually landed a gig for my junior year that had the potential to pay huge dividends in my future.

Every organization needs to make room for the time or effort a person needs for his or her personal life, and the dividends of this effort are not measured in business terms.

It’s hard to put a dollar value on that advice. It’s the kind of thing that continues to pay dividends. But make no mistake: The advice had tangible economic value.

there’s also a lot to be said for making small, incremental changes that reap big dividends in the long term.

I’ve read the philosophers. I range up and down them like a housewife with a dividend check in the Sears and Roebuck store.

A thorough and accurate diagnosis, while more time-consuming, will pay huge dividends in the future.

The promise of a Multiplier is that they get twice the capacity, plus a growth dividend from their people as their genius expands under the leadership of the Multiplier.

A mind full of piety and knowledge is always rich; it is a bank that never fails; it yields a perpetual dividend of happiness. In

To only responsible choice I can make today is to Give, Love and be Happy .. pays a high dividend on a long term !

The best dividends on the labor invested,” they said, “have invariably come from seeking more knowledge rather than more power.

such a dividend could only be wasted, for it was borne from waste, and to waste it would return.

We don’t talk about sex for the same reason we don’t talk about stock dividends: we have very little of it.

Music had always been one of Hell's most prudent investments, and Tremon took a workmanlike joy in deliving a steady dividend of crushed dreams, bitterness and, above all, souls

Are You Paying Trust Taxes, or Earning Trust Dividends?

Music had always been one of Hell’s most prudent investments, and Tremon took a workmanlike joy in delivering a steady dividend of crushed dreams, bitterness, and, above all, souls.

Do not trust historical data—especially recent data—to estimate the future returns of stocks and bonds. Instead, rely on interest and dividend payouts and their growth/failure rates.

Kindness is built on three factors, which are appreciation, compassion, and personal power. Appreciation is awareness of the gifts of others while simultaneously appreciating yourself as the opposite person is a mirror of you. Compassion is the hard earned gift of experience in action that pays off in dividends. Kindness is an Abundance of Flow of Personal Power.

It turns out that addressing the most urgent problems of our time is, well, hard. But what is maddening about this debate is not how difficult fair-tax implementation would be but how utterly easy it is to find enough money to defeat poverty by closing nonsensical tax loopholes. If you don’t like the changes I suggested above, I can propose twenty smaller reforms, or fifty tinier ones, or a hundred even more innocuous nudges to get us there. We could raise $25 billion by winding down the mortgage interest deduction, which disproportionately benefits high-income families and does nothing to promote homeownership. We could find $64.7 billion by increasing the maximum taxable amount of earnings for Social Security so that high- and low-income workers are taxed at the same rate. We could scratch out another $37.3 billion if we treated capital gains and dividends for wealthy Americans the same way we treat income for tax purposes.

But wouldn’t people, his clients, realize? When there was no actual money in the account?” “How?” “When they asked for it.” “But people don’t,” she said. “They give it to their investment dealer, and at best they cash in the dividends or take the profits. But the capital remains in the account. Weren’t you ever told by your parents never to touch the capital?” “No. I was told not to touch my brother’s bike.

No matter how little money we have, no matter what rung we occupy on anybody’s corporate ladder of success, in the end what everybody discovers is that what matters is other people. Human beings who give themselves to relational greatness—who have friends they laugh with, cry with, learn with, fight with, dance with, live and love and grow old and die with—these are the human beings who lead magnificent lives.

Money is not about interest or dividends, strategies or schemes. And it’s not about power or prestige or control. Money is just a tool. A tool used to pursue your dreams – those dreams you keep talking about.

But the idea of a peace dividend could not be stifled so long as Americans were in need. Shortly after the war, historian Marilyn Young warned: The U.S. can destroy Iraq's highways, but not build its own; create the conditions for epidemic in Iraq, but not offer health care to millions of Americans. It can excoriate Iraqi treatment of the Kurdish minority, but not deal with domestic race relations; create homelessness abroad but not solve it here; keep a half million troops drug free as part of a war, but refuse to fund the treatment of millions of drug addicts at home. . . . . We shall lose the war after we have won it.

As usual, small towns like this were full of those who needed entertainment and whilst money was difficult to earn, the philosophy of giving the people what they wanted, which Franco lived by, had paid dividends.

Contented poverty is an honourable estate." Indeed, if it be contented, it is not poverty at all. It is not the man who has too little, but the man who craves more, that is poor. What does it matter how much a man has laid up in his safe, or in his warehouse, how large are his flocks and how fat his dividends, if he covets his neighbour's property, and reckons, not his past gains, but his hopes of gains to come? Do you ask what

Reliability investing requires finding companies trading below their inherent worth--stocks with strong fundamentals including earnings, dividends, book value, and cash flow selling at bargain prices give their quality.

When the weeks have built up with frustration and immense stress and one of your co-workers, a manager or an employee triggers irritation or angers you, knowing how to respond in a mindful way can pay huge dividends. Knowing how to not take other people’s emotional baggage personally and intuitively sensing when to bring up concerns and when not to is an expression of emotional intelligence. This is all possible if we are being truly mindful.

The tendency is here, born of slavery and quickened to renewed life by the crazy imperialism of the day, to regard human beings as among the material resources of a land to be trained with an eye single to future dividends.

As the masses lose their economic importance, will the moral argument alone be enough to protect human rights and liberties? Will elites and governments go on valuing every human being even when it pays no economic dividends?

I’m an old man trying to give a young daughter advice, and it’s like a monkey trying to teach table manners to a bear. A drunk driver took my son’s life seventeen years ago and my wife has never been the same since. I’ve always seen the question of abortion in terms of Fred. I seem to be helpless to see it any other way, just as helpless as you were to stop your giggles when they came on you at that poetry reading, Frannie. Your mother would argue against it for all the standard reasons. Morality, she’d say. A morality that goes back two thousand years. The right to life. All our Western morality is based on that idea. I’ve read the philosophers. I range up and down them like a housewife with a dividend check in the Sears and Roebuck store. Your mother sticks with the Reader’s Digest, but it’s me that ends up arguing from feeling and her from the codes of morality. I just see Fred. He was destroyed inside. There was no chance for him. These right-to-life biddies hold up their pictures of babies drowned in salt, and arms and legs scraped out onto a steel table, so what? The end of a life is never pretty. I just see Fred, lying in that bed for seven days, everything that was ruined pasted over with bandages. Life is cheap, abortion makes it cheaper. I read more than she does, but she is the one who ends up making more sense on this one. What we do and what we think… those things are so often based on arbitrary judgments when they are right. I can’t get over that. It’s like a block in my throat, how all true logic seems to proceed from irrationality. From faith. I’m not making much sense, am I?

More generally, confidence that an investment of labor and resources could claim its reward-whether at harvest time or when dividends were issued years later-has been crucial to the economic efforts which create national prosperity.

Attention and discipline, regarding where we focus, pay huge dividends. We must be mindful, attentive, and awake. If not sober and vigilant, the old program runs automatically, and we are once again just pawns in the already established game.

For the Europeans there really is a peace dividend, because we provide the peace. They can afford social democracy without the capacity to defend themselves because they can always depend on the United States. So why not us as well? Because what for Europe is decadence--decline, in both comfort and relative safety--is for us mere denial. Europe can eat, drink and be merry for America protects her. But for America it's different. If we choose the life of ease, who stands guard for us?

God is your boss. He is your power, he is your promotion, and he determines your future. It's not you, or your boss that makes the decisions about your life, it's God! So if your circumstances are a warning that you should slow down, then you should listen up, take note, and start working in God's timing. Don't fight God's timing, because you can never win. Just a gentle submission to the will and purpose of God to move more slowly, will pay dividends, and help you from making too many mistakes.

The Adult Whose Needs Were Mostly Met in Childhood… • Is satisfied with reasonable dividends of need-fulfillment in relationships. • Knows how to love unconditionally and yet tolerates no abuse or stuckness in relationships. • Changes the locus of trust from others to himself so that he receives loyalty when others show it and handles disappointment when others betray. The Adult Whose Needs Were Mostly Not Met in Childhood… • Exaggerates the needs so that they become insatiable or addictive. • Creates situations that reenact the original hurts and rejections, seek relationships that stimulate and maintain self-defeating beliefs rather than relationships that confront and dispel them, • Refuses to notice how abused or unhappy she is and uses the pretext of hoping for change or of coping with what is unchanging. • Lets her feelings go underground. “If the only safe thing for me was to let my feelings disappear, how can I now permit the self-exposure and vulnerability it takes to be loved?” • Repeats the childhood error of equating negative attention with love or neurotic anxiousness with solicitude. • Is afraid to receive the true love, self-disclosure, or generosity of others. In effect: cannot receive now what was not received originally.

Knowledge is in some ways the most important (though intangible) capital of a software engineering organization, and sharing of that knowledge is crucial for making an organization resilient and redundant in the face of change. A culture that promotes open and honest knowledge sharing distributes that knowledge efficiently across the organization and allows that organization to scale over time. In most cases, investments into easier knowledge sharing reap manyfold dividends over the life of a company.

SHAREHOLDERS’ EQUITY has two components: CAPITAL STOCK: The original amount of money the owners contributed as their investment in the stock of the company. RETAINED EARNINGS: All the earnings of the company that have been retained, that is, not paid out as dividends to owners.

There’s no point worrying about work, he’d say, adding his favorite quote: ‘worry is a dividend paid to disaster before it’s due’. You spend your time thinking about things that might never happen. It’s pointless. If it happens, figure it out. If it doesn’t, don’t worry about it.

All we cared about was dividends. Well, we can't do business that way today. We have learned that what's best for the countries we operate in is best for the company. Maybe we can't make the people love us, but we will make ourselves so useful to them that they will want us to stay.

when i go to bed i go to bed with the lights on" Every morning I look up at the moon and I think You are a kiddie-pool and I will drown in you. I think about field trips and cold cuts. I think about dividends and other words I don’t understand. I make five hundred lunches in advance. I want to be prepared. I want new shoes. I want them to be waterproof and unforgettable. I want the kind of resume that takes home all the prizes and a salary commensurate with thunderstorms. I want to believe that there are people in this world whose lives are the size of houses and their bills are paid on time and when they see birds in the sky they think that’s a nice thing to see. In my free time I clip coupons and put them in my wallet where I forget to redeem them and this gnaws at me day in and day out and when I close my eyes I can feel my heart and it is trembling.

get lopsided in contribution. One partner works more hours. Another partner seemingly brings more to the table. How do you decide to fairly distribute dividends? Who wins the debate when you want to shift directions in the company? I’m not saying that partnerships can’t work; there are countless

Maybe she was having a bad day,” Lexi said as she unwrapped the chocolate bar the saleswoman had given her. “And yeah, I could have been mean, but now maybe she’ll remember that the person she judged was actually fun and really nice, and she will be more open-minded in the future. Kindness pays dividends.

Since the greatest room for each person's growth is in the areas of his greatest strength, you should focus your training time and money on educating him about his strengths and figuring out ways to build on these strengths rather than on remedially trying to plug his 'skill gaps.' You will find that this one shift in emphasis will pay huge dividends. In one fell swoop you will sidestep three potential pitfalls to building a strengths-based organization: the 'I don't have the skills and knowledge I need' problem, the 'I don't know what I'm best at' problem, and the 'my manager doesn't know what I'm best at' problem.

the Amazon hiring process has a flywheel effect—it pays greater and greater dividends the longer it is used. Ideally, the bar continues to be set higher, so much that, eventually, employees should be able to say to themselves, “I’m glad I joined when I did. If I interviewed for a job today, I’m not sure I’d be hired!

And yet still they burned carbon. They drove cars, ate meat, flew in jets, did all the things that had caused the heat wave and would cause the next one. Profits still were added up in a way that led to shareholder dividends. And so on. Everyone alive knew that not enough was being done, and everyone kept doing too little.

If I burst into a house and yell to all assembled, “Put on the kettle!” I have uttered an imperative English sentence, but some will probably infer that I would like to have a cup of tea or other hot beverage, while another may further surmise that I feel myself at home here, and may in fact be the occupant of this house. Yet another person present, a monoglot Hungarian, may infer only that I speak English, and so does whomever I am addressing (well, it sounds like English to her), while somebody really in the know will be instantly informed that I have decided after all to steam open that sealed envelope and surreptitiously read the letter inside in spite of the fact that it isn’t addressed to me; a crime is about to be committed. What semantic information can be gleaned from the event depends on what information the gleaner already has accumulated. Learning that somebody speaks English can be a valuable update to your world knowledge, a design improvement that may someday pay big dividends.

Meanwhile the thinking person, by intellect usually left-wing but by temperament often right-wing, hovers at the gate of the Socialist fold. He is no doubt aware that he ought to be a Socialist. But he observes first the dullness of individual Socialists, then the apparent flabbiness of Socialist ideals, and veers away. Till quite recently it was natural to veer towards indinerentism. Ten years ago, even five years ago, the typical literary gent wrote books on baroque architecture and had a soul above politics. But that attitude is becoming difficult and even unfashionable. The times are growing harsher, the issues are clearer, the belief that nothing will ever change (i.e. that your dividends will always be safe) is less prevalent. The fence on which the literary gent sits, once as comfortable as the plush cushion of a cathedral-stall, is now pinching his bottom intolerably; more and more he shows a disposition to drop off on one side or the other. It is interesting to notice how many of our leading writers, who a dozen years ago were art for art's saking for all they were worth and would have considered it too vulgar for words to even vote at a general election, are now taking a definite political standpoint; while most of the younger writers, at least those of them who are not mere footlers, have been 'political' from the start. I believe that when the pinch comes there is a terrible danger that the main movement of the intelligentsia will be towards Fascism. . . . That will also be the moment when every person with any brains or decency will know in his bones that he ought to be on the Socialist side. But he will not necessarily come there of his own accord; there are too many ancient prejudices standing in the way. He will have to be persuaded, and by methods that imply an understanding of his viewpoint. Socialists cannot afford to waste any more time in preaching to the converted. Their job now is to make Socialists as rapidly as possible; instead of which, all too often, they are making Fascists.

How now in the contemplative evening of his days, the pious Bildad reconciled these things in the reminiscence, I do not know; but it did not seem to concern him much, and very probably he had long since come to the sage and sensible conclusion that a man’s religion is one thing, and this practical world quite another. This world pays dividends.

There is a very important theological distinction between being a prophet and being a jerk. What burns deeply in the heart of a true prophet is not just anger but love.

Discounted Cash Flow The discounted cash flow method of valuation is the most sophisticated (and the most difficult) method to use in valuing the business. With this method you must estimate all the cash influxes to investors over time (dividends and ultimate stock sales) and then compute a “net present value” using an assumed discount rate (implied interest rate).

company and for similar companies in the same industry. • The percentage of institutional ownership. The lower the better. • Whether insiders are buying and whether the company itself is buying back its own shares. Both are positive signs. • The record of earnings growth to date and whether the earnings are sporadic or consistent. (The only category where earnings may not be important is in the asset play.) • Whether the company has a strong balance sheet or a weak balance sheet (debt-to-equity ratio) and how it’s rated for financial strength. • The cash position. With $16 in net cash, I know Ford is unlikely to drop below $16 a share. That’s the floor on the stock. SLOW GROWERS • Since you buy these for the dividends (why else would

ask why we ever set tests; indeed, the best answer to this question is ‘so that we, as teachers, know who we taught well, what they mastered or failed to master, who made larger and smaller gains, and what we may need to re-teach’. Tests are primarily to help teachers to gather formative information about their impact. With this mind frame, the students reap the dividends.

In contrast, the Soviet answer to Paperclip, Operation Osoaviakhim, used the implied threat of imprisonment, torture, and death, the characteristic tools of Stalinist Russia, to coerce assistance from German scientists and engineers following the war. These men yielded rich dividends to the Soviet state in terms of achieving at least temporary technical parity with the USSR's western rivals.

Apple raised $17 billion in a bond offering in 2013. Not to invest in new products or business lines, but to pay a dividend to stockholders. The company is awash with cash, but much of that money is overseas, and there would be a tax charge if it were repatriated to the USA. For many other companies, the tax-favoured status of debt relative to equity encourages financial engineering. Most large multinational companies have corporate and financial structures of mind-blowing complexity. The mechanics of these arrangements, which are mainly directed at tax avoidance or regulatory arbitrage, are understood by only a handful of specialists. Much of the securities issuance undertaken by Goldman Sachs was not ‘helping companies to grow’ but represented financial engineering of the kind undertaken at Apple. What

Yes, they are getting ready for another war. Why shouldn't they? It pays high dividends. But what does it profit the masses? What does it profit the men who are killed? What does it profit the men who are maimed? What does it profit their mothers and sisters, their wives and their sweethearts? What does it profit their children? What does it profit anyone except the very few to whom war means huge profits?

Hoffa and Brennan formed a trucking company called Test Fleet. The “brains” and his partner put that company in their wives’ maiden names. Test Fleet had only one contract. It was with a Cadillac car carrier that had been having union problems with its Teamsters union independent owner-operator car haulers. This group of Teamsters held an unsanctioned wildcat strike. Angered by this break of union solidarity, Jimmy Hoffa ordered them back to work. With Hoffa’s blessings the Cadillac car carrier then terminated its leases with the independent Teamsters haulers, put many of them out of business, and gave hauling business to Test Fleet. This arrangement helped Josephine Poszywak, aka Mrs. Hoffa, and Alice Johnson, aka Mrs. Brennan, make $155,000 in dividends over ten years, without doing a single minute’s work for the Test Fleet company. Hoffa

One of the best tricks a garden plays is that you never quite remember how it's going to be, that first day after winter has gone, when you go outside and can stay outside all day fiddling with jobs that aren't pressing enough to weigh heavily but will nevertheless pay dividends. A garden is made up of a thousand small inventions, but each small act is a defence (defiance even) against a world without anchors or safe harbours.

A network functions precisely because there’s recognition of mutual need. There’s an implicit understanding that investing time and energy in building personal relationships with the right people will pay dividends. The majority of “one percenters” are in that top stratum because they understand this dynamic—because, in fact, they themselves used the power of their network of contacts and friends to arrive at their present station.

Far am I from denying in theory, full as far is my heart from withholding in practice, (if I were of power to give or to withhold,) the real rights of men. In denying their false claims of right, I do not mean to injure those which are real, and are such as their pretended rights would totally destroy. If civil society be made for the advantage of man, all the advantages for which it is made become his right. It is an institution of beneficience; and law itself is only beneficience acting by a rule. Men have a right to live by that rule; they have a right to do justice, as between their fellows, whether their fellows are in public function or in ordinary occupation. They have a right to the fruits of their industry, and to the means of making their industry fruitful. They have a right to the acquisitions of their parents; to the nourishment and improvement of their offspring; to instruction in life, and to consolation in death. Whatever each man can separately do, without trespassing upon others, he has a right to do for himself; and he has a right to a fair portion of all which society, with all its combinations of skill and force, can do in his favor. In this partnership all men have equal rights; but not to equal things. He that has but five shillings in the partnership, has as good a right to it, as he that has five hundred pounds has to his larger proportion. But he has not a right to an equal dividend in the product of the joint stock; and as to the share of power, authority, and direction which each individual ought to have in the management of the state, that I must deny to be amongst the direct original rights of man in civil society; for I have in my contemplation the civil social man, and no other. It is a thing to be settled by convention.

If I’m asking what kind of ‘return’ I should be expecting on the sacrifices I’m making, I have in that question revealed the need to ‘return’ that question to wherever I found it and have the word ‘return’ edited out of it.

This fundamental inequality, which I will write as r > g (where r stands for the average annual rate of return on capital, including profits, dividends, interest, rents, and other income from capital, expressed as a percentage of its total value, and g stands for the rate of growth of the economy, that is, the annual increase in income or output), will play a crucial role in this book. In a sense, it sums up the overall logic of my conclusions.

And feminism has also repeatedly attempted to render certain aspects of the discussion off-limits for criticism. It has put such a premium on individual success, so much emphasis on individual choice, that it is seen as unfeminist to criticize anything that a woman chooses to make herself more successful—even in situations like this, in which women's choices are constrained and dictated both by social expectations and by the arbitrary dividends of beauty work, which is more rewarding if one is young and rich and conventionally attractive to begin with. In any case, Widdows argues, the fact of choice does not "make an unjust exploitative practice or act, somehow magically, just or non-exploitative." The timidity in mainstream feminism to admit that women's choices—not just our problems—are, in the end, political has led to a vision of "women's empowerment" that often feels brutally disempowering in the end.

Standing for decentralized autonomous organization, The DAO was a complex dApp that programmed a decentralized venture capital fund to run on Ethereum. Holders of The DAO would be able to vote on what projects they wanted to support, and if developers raised enough funding from The DAO holders, they would receive the funds necessary to build their projects. Over time, investors in these projects would be rewarded through dividends or appreciation of the service provided.

Once the managers consoldiate their position within an institution, their objective interests no longer fully correspond to the interests of the other groups involved – voters, owners, members, teachers, students or consumers. A decision on dividends, mergers, labor contracts, prices, curriculum, class size, scope of government operations, armament, strikes, etc. may serve the best interests of the manager without necessarily contributing to the well-being of the other groups.

Consider the level of car-purchasing knowledge Dr. South has recently acquired that will never pay capital gains or real dividends or enhance the productivity of his business. He now has knowledge about every Porsche dealer within a four hundred-mile radius of his home. Dr. South also can tell you immediately the dealer’s cost on nearly every Porsche model, the cost of options and accessories, and the performance characteristics of most models. It takes much time and effort to acquire such information. Dr.

As a young man, Bill Clinton began a collection of note cards upon which he would write names and phone numbers of friends and acquaintances who might be of service when he eventually entered politics. Each night, before he ever had a reason to, he would flip through the box, make phone calls, write letters, or add notations about their interactions. Over the years, this collection grew—to ten thousand cards (before it was eventually digitized). It’s what put him in the Oval Office and continues to return dividends.

In forests – Seeds are planted in the soil (capital) and become trees that shed leaves as they grow. Those shedded leaves become added capital to the soil (dividends/yields). The tree also provides a home for other life forms which return capital to the soil. Upon the death of the tree, it’s entire body becomes capital as it is returned to the soil. In this cycle, every tree is an investment which results in the long term accumulation of soil (capital) over time. As the soil grows, it becomes better able to invest in future trees and host future forests. And the yield of them all collectively becomes greater and greater as the capital accumulates. In fact, everything in a natural ecosystem both is capital and exists in service to capital. This duality of capital in natural ecosystems is why capital in natural ecosystems is able to compound and multiply so well. So when it comes to investing - managing portfolios, we apply this duality of capital perspective and pair it with our stewardship identity, which allows us to grow portfolios and maximize wealth.

But what’s worth more than gold?’ ‘Practically everything. You, for example. Gold is heavy. Your weight in gold is not very much gold at all. Aren’t you worth more than that?’ Sacharissa looked momentarily flustered, to Moist’s glee. ‘Well, in a manner of speaking—’ ‘The only manner of speaking worth talking about,’ said Moist flatly. ‘The world is full of things worth more than gold. But we dig the damn stuff up and then bury it in a different hole. Where’s the sense in that? What are we, magpies? Is it all about the gleam? Good heavens, potatoes are worth more than gold!’ ‘Surely not!’ ‘If you were shipwrecked on a desert island, what would you prefer, a bag of potatoes or a bag of gold?’ ‘Yes, but a desert island isn’t Ankh-Morpork!’ ‘And that proves gold is only valuable because we agree it is, right? It’s just a dream. But a potato is always worth a potato, anywhere. A knob of butter and a pinch of salt and you’ve got a meal, anywhere. Bury gold in the ground and you’ll be worrying about thieves for ever. Bury a potato and in due season you could be looking at a dividend of a thousand per cent.

And feminism has also repeatedly attempted to render certain aspects of the discussion off-limits for criticism. It has put such a premium on individual success, so much emphasis on individual choice, that it is seen as unfeminist to criticize anything that a woman chooses to make herself more successful—even in situations like this, in which women’s choices are constrained and dictated both by social expectations and by the arbitrary dividends of beauty work, which is more rewarding if one is young and rich and conventionally attractive to begin with.

To accept people is to be for them. It is to recognize that it is a very good thing that these people are alive, and to long for the best for them. It does not, of course, mean to approve of everything they do. It means to continue to want what is best for their souls no matter what they do.

Habituating ourselves a little every day to the basic groundlessness of life will pay large dividends at the end of life. Somehow, despite its ongoing presence in our lives, we're still not used to continual change. The uncertainty that accompanies every day and every moment of our lives is still an unfamiliar presence. As we contemplate these teachings and pay attention to the constant, unpredictable flow of our experience, we just might start to feel more relaxed with how things are. If we can bring this relaxation to our deathbed, we will be ready for whatever may happen next.

And suddenly he became almost lyric. "For three thousand years the Common Man has been fended off from the full and glorious life he might have had, by Make Believe. For three thousand years in one form or another he has been asking for an unrestricted share in the universal welfare. He has been asking for a fair dividend from civilisation. For all that time, and still it goes on, the advantaged people, the satisfied people, the kings and priests, the owners and traders, the gentlefolk and the leaders he trusted, have been cheating him tacitly or deliberately, out of his proper share and contribution in the common life. Sometimes almost consciously, sometimes subconsciously, cheating themselves about it as well. When he called upon God, they said 'We'll take care of your God for you', and they gave him organised religion. When he calls for Justice, they say 'Everything decently and in order', and give him a nice expensive Law Court beyond his means. When he calls for order and safety too loudly they hit him on the head with a policeman's truncheon. When he sought knowledge, they told him what was good for him. And to protect him from the foreigner, so they said, they got him bombed to hell, trained him to disembowel his fellow common men with bayonets and learn what love of King and Country really means. "All with the best intentions in the world, mind you. "Most of these people, I tell you, have acted in perfect good faith. They manage to believe that in sustaining this idiot's muddle they are doing tremendous things -- stupendous things -- for the Common Man. They can live lives of quiet pride and die quite edifyingly in an undernourished, sweated, driven and frustrated world. Useful public servants! Righteous self-applause! Read their bloody biographies!

You are to make up your mind whether it is to be God or man. Whether you are to be free or a slave. Whether it is to be progress or stagnation. As long as man loves a phantom in the sky more than he loves his fellow man, there will never be peace upon this earth; so long as man worships a Tyrant as the "Fatherhood of God," there will never be a "Brotherhood of Man." You must make the choice, you must come to the decision. Is it to be God or Man? Churches or Homes—preparation for death or happiness for the living? If ever man needed an example of the benefit of the one against the other, he need but read the pages of history for proof of how religion retarded progress and provoked hatred among the children of men. When theology ruled the world, man was a slave. The people lived in huts and hovels. They were clad in rags and skins; they devoured crusts and gnawed bones; the priests wore garments of silk and satin; carried mitres of gold and precious stones, robbed the poor and lived upon the fat of the land! Here and there a brave man appeared to question their authority. These martyrs to intellectual emancipation slowly and painfully broke the spell of superstition and ushered in the Age of Reason and the Dawn of Science. Man became the only god that man can know. He no longer fell upon his knees in fear. He began to enjoy the fruits of his own labor. He discovered a way to relieve himself from the drudgery of continuous toil; he began to enjoy a few comforts of life—and for the first time upon this earth he found a few moments for happiness. It is far more important to learn how to live than to learn how to pray. A new day and a new era dawned for him. His labors produced enormous dividends. He looked at the sky for the first time and saw that it was blue! He searched the heavens and found no God. He no longer feared the manifestations of nature.

When we talk about building wealth, we ought to refer to one’s entire net worth, meaning the sum of savings and total assets, minus all debt. If you have $50,000 in your TSP and in other savings accounts, but owe $50,000 on credit cards, a car or two, and student loans, have you really built up any “wealth”? While you have saved up a tidy sum in the TSP and in savings accounts, since you owe so much to creditors, your total net worth in this scenario is actually zero.* Consider also that, instead of receiving interest and dividend payments in the TSP, each of your debts is charging you interest—and in many cases considerable interest.

But privatisation has another important function in the neoliberal world view, and that's to assist wage suppression. If you're a private company, you've got one overriding obligation, and it's not to your workers, to your country or your community - it's to make a profit, in order to return it in dividends to your shareholders. That's it. And the means to increase that rate of return to its greatest possible margin is cutting the cost of your operation. You do this by increasing your productivity, expanding your market, raising prices on your offered commodities, and by reducing the wages and conditions of the people who work for you.

...the delicate arrangements and systems that made life on the outside so easy; the massive industries balanced on knife-edge adjustments; the handful of men who kept it all running and the fewer who were able to improve it, add to it. Modern man was a parasite living off the fat of the past, living on the dividends of a few great brains. He did not gather his food or build his home or rear his children; his hands and his brain were soft; he consumed and manipulated and lived isolated and aloof from the natural world about him. It was comfortable, it was good, it was civilization; but it could vanish overnight if the mechanisms of fed it were destroyed.

Harris: Yes. In fact, self-deception might have paid evolutionary dividends in other ways. Robert Trivers argues, for instance, that people who can believe their own lies turn out to be the best liars of all—and an ability to deceive rivals has obvious advantages in the state of nature. Now, clearly many things may have been adaptive for our ancestors—such as tribal warfare, rape, xenophobia—that we now deem unethical and would never want to defend. But I’m wondering if you see any possibility that a social system that maximizes truth-telling could be one that fails to maximize the well-being of all participants. Is it possible that some measure of deception is good for us?

The first of the telegrams arrived shortly after noon, and Jeeves brought it in with the before-luncheon snifter. It was from Aunt Dahlia, operating from Market Snodsbury, a small town of sorts a mile or two along the main road as it leaves her country seat. It ran as follows: Come at once. Travers. And when I say it puzzled me like the dickens, I am understating it, if anything. As mysterious a communication, I considered, as was ever flashed over the wires. I studied it in a profound reverie for the best part of two dry Martinis and a dividend. I read it backwards. I read it forwards. As a matter of fact, I have a sort of recollection of even smelling it. But it still baffled me.

If you want to get to the truth about what makes us different, it’s this,” Bezos says, veering into a familiar Jeffism: “We are genuinely customer-centric, we are genuinely long-term oriented and we genuinely like to invent. Most companies are not those things. They are focused on the competitor, rather than the customer. They want to work on things that will pay dividends in two or three years, and if they don’t work in two or three years they will move on to something else. And they prefer to be close-followers rather than inventors, because it’s safer. So if you want to capture the truth about Amazon, that is why we are different. Very few companies have all of those three elements.

While there are reasons to be sceptical about the predicted technological dystopia that has prompted many high-tech plutocrats to come out in support of basic income, this may nevertheless be a strong factor in mobilizing public pressure and political action. Whether jobs are going to dry up or not, the march of the robots is undoubtedly accentuating insecurity and inequality. A basic income or social dividend system would provide at least a partial antidote to that, as more commentators now recognize.6 For example, Klaus Schwab, founder and executive chairman of the World Economic Forum and author of The Fourth Industrial Revolution, has described basic income as a ‘plausible’ response to labour market disruption.7

In our modern democracy, shamelessness can be positively advantageous. Politicians who aren’t hindered by shame are free to do things others wouldn’t dare. Would you call yourself your country’s most brilliant thinker, or boast about your sexual prowess? Could you get caught in a lie and then tell another without missing a beat? Most people would be consumed by shame – just as most people leave that last cookie on the plate. But the shameless couldn’t care less. And their audacious behaviour pays dividends in our modern mediacracies, because the news spotlights the abnormal and the absurd. In this type of world, it’s not the friendliest and most empathic leaders who rise to the top, but their opposites. In this world, it’s survival of the shameless.

Studies of the effects of education confirm that educated people really are more enlightened. They are less racist, sexist, xenophobic, homophobic, and authoritarian. They place a higher value on imagination, independence, and free speech. They are more likely to vote, volunteer, express political views, and belong to civic associations such as unions, political parties, and religious and community organizations. They are also likelier to trust their fellow citizens, a prime ingredient of the precious elixir called social capital which gives people the confidence to contract, invest, and obey the law without fearing that they are chumps who will be shafted by everyone else. For all these reasons, the growth of education and its first dividend, literacy is a flagship of human progress.

I have found it frustrating at times that so few people know what the space program does and, as a result, are unaware that they benefit from it. Many people object to “wasting money in space” yet have no idea how much is actually spent on space exploration. The CSA’s budget, for instance, is less than the amount Canadians spend on Halloween candy every year, and most of it goes toward things like developing telecommunications satellites and radar systems to provide data for weather and air quality forecasts, environmental monitoring and climate change studies. Similarly, NASA’s budget is not spent in space but right here on Earth, where it’s invested in American businesses and universities, and where it also pays dividends, creating new jobs, new technologies and even whole new industries. The

Then a great pall of smoke sent out by countless steam-boats was spread over the restless mirror of the Infinite. The hand of the engineer tore down the veil of the terrible beauty in order that greedy and faithless landlubbers might pocket dividends. The mystery was destroyed. Like all mysteries, it lived only in the hearts of its worshippers. The hearts changed; the men changed. The once loving and devoted servants went out armed with fire and iron, and conquering the fear of their own hearts became a calculating crowd of cold and exacting masters. The sea of the past was an incomparably beautiful mistress, with inscrutable face, with cruel and promising eyes. The sea of to-day is a used-up drudge, wrinkled and defaced by the churned-up wakes of brutal propellers, robbed of the enslaving charm of its vastness, stripped of its beauty, of its mystery and of its promise.

The carbon fee would raise the cost of the things you buy (since right now there is some carbon emitted in the production and distribution of pretty much everything). That’s a little less money in your pocket. But at the end of the year, the government would take all of the money collected by the carbon fee, divide it up, and give it back to you as a dividend check. By you, of course, I mean all of you. The government wouldn’t keep any of the money. All the fee would do is put a realistic price on the carbon we dump into the environment. Every factory, every company would have an incentive to reduce emissions, because then they could sell things at a lower price. Consumers, given a choice between a low-carbon pair of jeans and a high-carbon pair of jeans, would see a cost advantage in choosing the former. If you live a low-carbon lifestyle all year, when your dividend check arrives you will find that you came out ahead.

Each one, then, should love his life, even though it be not very attractive, for it is the only life. It is a boon that will never return and that each person should tend and enjoy with care; it is one's capital, large or small, and can not be treated as an investment like those whose dividends are payable through eternity. Life is an annuity; nothing is more certain than that. So that all efforts are to be respected that tend to ameliorate the tenure of this perishable possession which, at the end of every day, has already lost a little of its value. Eternity, the bait by which simple folk are still lured, is not situated beyond life, but in life itself, and is divided among all men, all creatures. Each of us holds but a small portion of it, but that share is so precious that it suffices to enrich the poorest. Let us then take the bitter and the sweet in confidence, and when the fall of the days seems to whirl about us, let us remember that dusk is also dawn.

The current crisis has led to renewed discussions about a universal basic income, whereby all citizens receive an equal regular payment from the government, regardless of whether they work. The idea behind this policy is a good one, but the narrative would be problematic. Since a universal basic income is seen as a handout, it perpetuates the false notion that the private sector is the sole creator, not a co-creator, of wealth in the economy and that the public sector is merely a toll collector, siphoning off profits and distributing them as charity. A better alternative is a citizen’s dividend. Under this policy, the government takes a percentage of the wealth created with government investments, puts that money in a fund, and then shares the proceeds with the people. The idea is to directly reward citizens with a share of the wealth they have created. Alaska, for example, has distributed oil revenues to residents through an annual dividend from its Permanent Fund since 1982.

For the laborers as such, there is in these new captains of industry neither love nor hate, neither sympathy nor romance; it is a cold question of dollars and dividends. Under such a system all labor is bound to suffer. Even the white laborers are not yet intelligent, thrifty, and well trained enough to maintain themselves against the powerful inroads of organized capital. The results among them, even, are long hours of toil, low wages, child labor, and lack of protection against usury and cheating. But among the black laborers all this is aggravated, first, by a race prejudice which varies from a doubt and distrust among the best element of whites to a frenzied hatred among the worst; and, secondly, it is aggravated, as I have said before, by the wretched economic heritage of the freedmen from slavery. With this training it is difficult for the freedman to learn to grasp the opportunities already opened to him, and the new opportunities are seldom given him, but go by favor to the whites.

Recognizing how most great fortunes had been built up in predatory ways, through usury, war lending and political insider dealings to grab the Commons and carve out burdensome monopoly privileges led to a popular view of financial magnates, landlords and hereditary ruling elite as parasitic by the 19th century, epitomized by the French anarchist Proudhon’s slogan “Property as theft.” Instead of creating a mutually beneficial symbiosis with the economy of production and consumption, today’s financial parasitism siphons off income needed to invest and grow. Bankers and bondholders desiccate the host economy by extracting revenue to pay interest and dividends. Repaying a loan – amortizing or “killing” it – shrinks the host. Like the word amortization, mortgage (“dead hand” of past claims for payment) contains the root mort, “death.” A financialized economy becomes a mortuary when the host economy becomes a meal for the financial free luncher that takes interest, fees and other charges without contributing to production.

In his book 30 Lessons for Living, gerontologist Karl Pillemer interviewed a thousand elderly Americans looking for the most important lessons they learned from decades of life experience. He wrote: No one—not a single person out of a thousand—said that to be happy you should try to work as hard as you can to make money to buy the things you want. No one—not a single person—said it’s important to be at least as wealthy as the people around you, and if you have more than they do it’s real success. No one—not a single person—said you should choose your work based on your desired future earning power. What they did value were things like quality friendships, being part of something bigger than themselves, and spending quality, unstructured time with their children. “Your kids don’t want your money (or what your money buys) anywhere near as much as they want you. Specifically, they want you with them,” Pillemer writes. Take it from those who have lived through everything: Controlling your time is the highest dividend money pays.

Yet after all they are but gates, and when turning our eyes from the temporary and the contingent in the Negro problem to the broader question of the permanent uplifting and civilization of black men in America, we have a right to inquire, as this enthusiasm for material advancement mounts to its height, if after all the industrial school is the final and sufficient answer in the training of the Negro race; and to ask gently, but in all sincerity, the ever-recurring query of the ages, Is not life more than meat, and the body more than raiment? And men ask this to-day all the more eagerly because of sinister signs in recent educational movements. The tendency is here, born of slavery and quickened to renewed life by the crazy imperialism of the day, to regard human beings as among the material resources of a land to be trained with an eye single to future dividends. Race-prejudices, which keep brown and black men in their “places,” we are coming to regard as useful allies with such a theory, no matter how much they may dull the ambition and sicken the hearts of struggling

You are personally responsible for so much of the sunshine that brightens up your life. Optimists and gentle souls continually benefit from their very own versions of daylight saving time. They get extra hours of happiness and sunshine every day. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life The secret joys of living are not found by rushing from point A to point B, but by slowing down and inventing some imaginary letters along the way. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life “There is nothing more important than family.” Those words should be etched in stone on the sidewalks that lead to every home. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life I may be uncertain about exactly where I’m headed, but I am very clear regarding this: I’m glad I’ve got a ticket to go on this magnificent journey. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life When your heart is filled with gratitude for what you do have, your head isn’t nearly so worried about what you don’t. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life Don’t let cynical people transfer their cynicism off on you. In spite of its problems, it is still a pretty amazing world, and there are lots of truly wonderful people spinning around on this planet. – Douglas Pagels, from Required Reading for All Teenagers All the good things you can do – having the right attitude, having a strong belief in your abilities, making good choices and responsible decisions – all those good things will pay huge dividends. You’ll see. Your prayers will be heard. Your karma will kick in. The sacrifices you made will be repaid. And the good work will have all been worth it. – Douglas Pagels, from Required Reading for All Teenagers The more you’re bothered by something that’s wrong, the more you’re empowered to make things right. – Douglas Pagels, from Everyone Should Have a Book Like This to Get Through the Gray Days May you be blessed with all these things: A little more joy, a little less stress, a lot more understanding of your wonderfulness. Abundance in your life, blessings in your days, dreams that come true, and hopes that stay. A rainbow on the horizon, an angel by your side, and everything that could ever bring a smile to your life. – Douglas Pagels, from May You Be Blessed with All These Things Each day brings with it the miracle of a new beginning. Many of the moments ahead will be marvelously disguised as ordinary days, but each one of us has the chance to make something extraordinary out of them. – Douglas Pagels, from May You Be Blessed with All These Things Keep planting the seeds of your dreams, because if you keep believing in them, they will keep trying their best to blossom for you. – Douglas Pagels, from May You Be Blessed with All These Things I hope your dreams take you... to the corners of your smiles, to the highest of your hopes, to the windows of your opportunities, and to the most special places your heart has ever known. – Douglas Pagels, from May You Be Blessed with All These Things Love is what holds everything together. It’s the ribbon around the gift of life. – Douglas Pagels, from May You Be Blessed with All These Things There are times in life when just being brave is all you need to be. – Douglas Pagels, from May You Be Blessed with All These Things When it comes to anything – whether it involves people or places or jobs or hoped-for plans – you never know what the answer will be if you don’t ask. And you never know what the result will be if you don’t try. – Douglas Pagels, from Make Every Day a Positive One Don’t just have minutes in the day; have moments in time. – Douglas Pagels, from Chasing Away the Clouds A life well lived is simply a compilation of days well spent. – Douglas Pagels, from Chasing Away the Clouds

If the widget company consistently earned a superior return on capital throughout the period, or if capital employed only doubled during the CEO’s reign, the praise for him may be well deserved. But if return on capital was lackluster and capital employed increased in pace with earnings, applause should be withheld. A savings account in which interest was reinvested would achieve the same year-by-year increase in earnings—and, at only 8% interest, would quadruple its annual earnings in 18 years. The power of this simple math is often ignored by companies to the detriment of their shareholders. Many corporate compensation plans reward managers handsomely for earnings increases produced solely, or in large part, by retained earnings—i.e., earnings withheld from owners. For example, ten-year, fixed-price stock options are granted routinely, often by companies whose dividends are only a small percentage of earnings. An example will illustrate the inequities possible under such circumstances. Let’s suppose that you had a $100,000 savings account earning 8% interest and “managed” by a trustee who could decide each year what portion of the interest you were to be paid in cash. Interest not paid out would be “retained earnings” added to the savings account to compound. And let’s suppose that your trustee, in his superior wisdom, set the “pay-out ratio” at one-quarter of the annual earnings.

Statisticians say that stocks with healthy dividends slightly outperform the market averages, especially on a risk-adjusted basis. On average, high-yielding stocks have lower price/earnings ratios and skew toward relatively stable industries. Stripping out these factors, generous dividends alone don’t seem to help performance. So, if you need or like income, I’d say go for it. Invest in a company that pays high dividends. Just be sure that you are favoring stocks with low P/Es in stable industries. For good measure, look for earnings in excess of dividends, ample free cash flow, and stable proportions of debt and equity. Also look for companies in which the number of shares outstanding isn’t rising rapidly. To put a finer point on income stocks to skip, reverse those criteria. I wouldn’t buy a stock for its dividend if the payout wasn’t well covered by earnings and free cash flow. Real estate investment trusts, master limited partnerships, and royalty trusts often trade on their yield rather than their asset value. In some of those cases, analysts disagree about the economic meaning of depreciation and depletion—in particular, whether those items are akin to earnings or not. Without looking at the specific situation, I couldn’t judge whether the per share asset base was shrinking over time or whether generally accepted accounting principles accounting was too conservative. If I see a high-yielder with swiftly rising share counts and debt levels, I assume the worst.

The importance of ethical governance, exemplified by the Norwegian Pension Fund, is highlighted by a deplorable UK government proposal in 2016 to set up a Shale Wealth Fund.38 The fund would receive up to 10 per cent of the revenue generated by fracking (hydraulic fracturing) for shale gas, which could amount to as much as £1 billion over twenty-five years. This would be paid out to communities hosting fracking sites, which could decide to use the money for local projects or distribute it to households in cash. It is hard to avoid the conclusion that this is a bribe to secure local approval of environmentally threatening fracking operations, to which there has been considerable public opposition. Beyond that, there are many equity questions. Why should only people who happen to live in areas with shale gas be beneficiaries? How would the recipient community be defined? Would the payments go only to those living in the designated community at the time the fracking started? Would they be paid as lump sums or on a regular basis, and how long would they last? What about future generations? Can cash payments compensate for the risk of harm to the air, water, landscape and livelihoods? All these questions cast doubt on the equity and ethics of any selective scheme. They underline the need for the principles of wealth funds and dividends from them to be established before they are implemented, and for a governance structure that is independent from government and business. But

she feels lucky to have a job, but she is pretty blunt about what it is like to work at Walmart: she hates it. She’s worked at the local Walmart for nine years now, spending long hours on her feet waiting on customers and wrestling heavy merchandise around the store. But that’s not the part that galls her. Last year, management told the employees that they would get a significant raise. While driving to work or sorting laundry, Gina thought about how she could spend that extra money. Do some repairs around the house. Or set aside a few dollars in case of an emergency. Or help her sons, because “that’s what moms do.” And just before drifting off to sleep, she’d think about how she hadn’t had any new clothes in years. Maybe, just maybe. For weeks, she smiled at the notion. She thought about how Walmart was finally going to show some sign of respect for the work she and her coworkers did. She rolled the phrase over in her mind: “significant raise.” She imagined what that might mean. Maybe $2.00 more an hour? Or $2.50? That could add up to $80 a week, even $100. The thought was delicious. Then the day arrived when she received the letter informing her of the raise: 21 cents an hour. A whopping 21 cents. For a grand total of $1.68 a day, $8.40 a week. Gina described holding the letter and looking at it and feeling like it was “a spit in the face.” As she talked about the minuscule raise, her voice filled with anger. Anger, tinged with fear. Walmart could dump all over her, but she knew she would take it. She still needed this job. They could treat her like dirt, and she would still have to show up. And that’s exactly what they did. In 2015, Walmart made $14.69 billion in profits, and Walmart’s investors pocketed $10.4 billion from dividends and share repurchases—and Gina got 21 cents an hour more. This isn’t a story of shared sacrifice. It’s not a story about a company that is struggling to keep its doors open in tough times. This isn’t a small business that can’t afford generous raises. Just the opposite: this is a fabulously wealthy company making big bucks off the Ginas of the world. There are seven members of the Walton family, Walmart’s major shareholders, on the Forbes list of the country’s four hundred richest people, and together these seven Waltons have as much wealth as about 130 million other Americans. Seven people—not enough to fill the lineup of a softball team—and they have more money than 40 percent of our nation’s population put together. Walmart routinely squeezes its workers, not because it has to, but because it can. The idea that when the company does well, the employees do well, too, clearly doesn’t apply to giants like this one. Walmart is the largest employer in the country. More than a million and a half Americans are working to make this corporation among the most profitable in the world. Meanwhile, Gina points out that at her store, “almost all the young people are on food stamps.” And it’s not just her store. Across the country, Walmart pays such low wages that many of its employees rely on food stamps, rent assistance, Medicaid, and a mix of other government benefits, just to stay out of poverty. The

Equity financing, on the other hand, is unappealing to cooperators because it may mean relinquishing control to outside investors, which is a distinctly capitalist practice. Investors are not likely to buy non-voting shares; they will probably require representation on the board of directors because otherwise their money could potentially be expropriated. “For example, if the directors of the firm were workers, they might embezzle equity funds, refrain from paying dividends in order to raise wages, or dissipate resources on projects of dubious value.”105 In any case, the very idea of even partial outside ownership is contrary to the cooperative ethos. A general reason for traditional institutions’ reluctance to lend to cooperatives, and indeed for the rarity of cooperatives whether related to the difficulty of securing capital or not, is simply that a society’s history, culture, and ideologies might be hostile to the “co-op” idea. Needless to say, this is the case in most industrialized countries, especially the United States. The very notion of a workers’ cooperative might be viscerally unappealing and mysterious to bank officials, as it is to people of many walks of life. Stereotypes about inefficiency, unprofitability, inexperience, incompetence, and anti-capitalism might dispose officials to reject out of hand appeals for financial assistance from co-ops. Similarly, such cultural preconceptions may be an element in the widespread reluctance on the part of working people to try to start a cooperative. They simply have a “visceral aversion” to, and unfamiliarity with, the idea—which is also surely a function of the rarity of co-ops itself. Their rarity reinforces itself, in that it fosters a general ignorance of co-ops and the perception that they’re risky endeavors. Additionally, insofar as an anti-democratic passivity, a civic fragmentedness, a half-conscious sense of collective disempowerment, and a diffuse interpersonal alienation saturate society, this militates against initiating cooperative projects. It is simply taken for granted among many people that such things cannot be done. And they are assumed to require sophisticated entrepreneurial instincts. In most places, the cooperative idea is not even in the public consciousness; it has barely been heard of. Business propaganda has done its job well.106 But propaganda can be fought with propaganda. In fact, this is one of the most important things that activists can do, this elevation of cooperativism into the public consciousness. The more that people hear about it, know about it, learn of its successes and potentials, the more they’ll be open to it rather than instinctively thinking it’s “foreign,” “socialist,” “idealistic,” or “hippyish.” If successful cooperatives advertise their business form, that in itself performs a useful service for the movement. It cannot be overemphasized that the most important thing is to create a climate in which it is considered normal to try to form a co-op, in which that is seen as a perfectly legitimate and predictable option for a group of intelligent and capable unemployed workers. Lenders themselves will become less skeptical of the business form as it seeps into the culture’s consciousness.

So much changes when you get an education! You unlearn dangerous superstitions, such as that leaders rule by divine right, or that people who don’t look like you are less than human. You learn that there are other cultures that are as tied to their ways of life as you are to yours, and for no better or worse reason. You learn that charismatic saviors have led their countries to disaster. You learn that your own convictions, no matter how heartfelt or popular, may be mistaken. You learn that there are better and worse ways to live, and that other people and other cultures may know things that you don’t. Not least, you learn that there are ways of resolving conflicts without violence. All these epiphanies militate against knuckling under the rule of an autocrat or joining a crusade to subdue and kill your neighbors. Of course, none of this wisdom is guaranteed, particularly when authorities promulgate their own dogmas, alternative facts, and conspiracy theories—and, in a backhanded compliment to the power of knowledge, stifle the people and ideas that might discredit them. Studies of the effects of education confirm that educated people really are more enlightened. They are less racist, sexist, xenophobic, homophobic, and authoritarian.10 They place a higher value on imagination, independence, and free speech.11 They are more likely to vote, volunteer, express political views, and belong to civic associations such as unions, political parties, and religious and community organizations.12 They are also likelier to trust their fellow citizens—a prime ingredient of the precious elixir called social capital which gives people the confidence to contract, invest, and obey the law without fearing that they are chumps who will be shafted by everyone else.13 For all these reasons, the growth of education—and its first dividend, literacy—is a flagship of human progress.

We want to build up a new state! That is why the others hate us so much today. They have often said as much. They said: “Yes, their social experiment is very dangerous! If it takes hold, and our own workers come to see this too, then this will be highly disquieting. It costs billions and does not bring any results. It cannot be expressed in terms of profit, nor of dividends. What is the point?! We are not interested in such a development. We welcome everything which serves the material progress of mankind insofar as this progress translates into economic profit. But social experiments, all they are doing there, this can only lead to the awakening of greed in the masses. Then we will have to descend from our pedestal. They cannot expect this of us.” And we were seen as setting a bad example. Any institution we conceived was rejected, as it served social purposes. They already regarded this as a concession on the way to social legislation and thereby to the type of social development these states loathe. They are, after all, plutocracies in which a tiny clique of capitalists dominate the masses, and this, naturally, in close cooperation with international Jews and Freemasons. If they do not find a reasonable solution, the states with unresolved social problems will, sooner or later, arrive at an insane solution. National Socialism has prevented this in the German Volk. They are now aware of our objectives. They know how persistently and decisively we defend and will reach this goal. Hence the hatred of all the international plutocrats, the Jewish newspapers, the world stock markets, and hence the sympathy for these democrats in all the countries of a like cast of mind. Because we, however, know that what is at stake in this war is the entire social structure of our Volk, and that this war is being waged against the substance of our life, we must, time and time again in this war of ideals, avow these ideals. And, in this sense, the Winterhilfswerk, this greatest social relief fund there is on this earth, is a mighty demonstration of this spirit. Adolf Hitler - speech at the Berlin Sportpalast on the opening of the Kriegswinterhilfswerk September 4, 1940