What is the most important for democracy is not that great fortunes should not exist, but that great fortunes should not remain in the same hands. In that way there are rich men, but they do not form a class.
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
Putting it to work
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
We succeed in enterprises which demand the positive qualities we possess, but we excel in those which can also make use of our defects.
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