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About this quote

What does it mean?
Democracy needs wealth to circulate, not to be concentrated.
In plain terms
Rich people are fine if wealth moves around.
What can you take from it?
Prevent permanent wealth concentration.

Where it applies

  • tax policy
  • economic reform
  • wealth distribution

Putting it to work

  • support mobility
  • check consolidation
  • tax wealth

Questions to consider

  • How much inequality is too much?
  • Can wealth be shared without taxes?

Another view

Concentration can drive investment and growth.

More from Alexis de Tocqueville

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