You cannot bring about prosperity without discouraging thrift.
Meaning of the quote
If you want people to be wealthy, you can't also encourage them to save money. The two things don't go together. You have to choose between having a prosperous economy or having people who are careful with their money.
About Paul Getty
J. Paul Getty was an incredibly wealthy American-British petroleum magnate who founded the Getty Oil Company. He was considered one of the wealthiest individuals in the world, with an estimated net worth of over $25 billion in today’s money. He was an avid art collector, and his collection formed the basis of the J. Paul Getty Museum in Los Angeles.
Tags
More quotes from Paul Getty
You cannot further the Brotherhood of Man by encouraging class hatred.
Governments, of course, can – and do – soak the rich.
During the 1950s, Aristotle Onassis and I formed what grew to be a close friendship and association in several business ventures.
The overwhelming majority of my rated wealth consists of investments in companies that produce goods and services.
I have always enjoyed the company of women and have formed deep and long-lasting friendships with many of them.
I have never been given to envy – save for the envy I feel toward those people who have the ability to make a marriage work and endure happily.
Nationalized industries are notorious for their inability to operate at a profit.
What I learned at Oxford has been used to great advantage throughout my business career.
My formula for success is rise early, work late, and strike oil.
My yachts were, I suppose, outstanding status symbols.
Five wives can’t all be wrong.
How does one measure the success of a museum?
I am – and have always been – a Methodist.
Control of a company does not carry with it the ability to control the price of its stock.
Jack Dempsey and I became friends in the very early 1920s.
My wealth is not a subject I relish discussing.
In Japan, I was immensely impressed by the politeness, industrious nature and conscientiousness of the Japanese people.
I was 37 when my father died-and I no longer had any freedom of choice over what I would do with the rest of my life.
The beauty one can find in art is one of the pitifully few real and lasting products of human endeavor.
A hatred of failure has always been part of my nature.
A marriage contract to me is as binding as any in business, and I have always believed in sticking to an agreement.
Whether we like it or not, men and women are not the same in nature, temperament, emotions and emotional responses.
I vehemently deny that I was born a cynic and a pessimist.
I take pride in the creation of my wealth, in its existence and in the uses to which it has been and is being put.
There are at least 50 cities in the world that would have liked to obtain the Getty Collection.
There are heads of royal families who control hereditary fortunes that defy comprehension.
I am neither a homosexual nor a eunuch, nor have I ever taken any vows of chastity.
My love of fine art increased – the more of it I saw, the more of it I wanted to see.
I was brought up in an era when thrift was still considered a virtue.
Before marriage, many couples are very much like people rushing to catch an airplane; once aboard, they turn into passengers. They just sit there.
I can afford to say what I wish.
The Roaring Twenties were the period of that Great American Prosperity which was built on shaky foundations.
The rich are not born sceptical or cynical. They are made that way by events, circumstances.
Nostalgia often leads to idle speculation.
I’ve never been one to bet on the weather.
You cannot bring about prosperity without discouraging thrift.
Rhetoric and dialectics can’t change what I have learned from observation and experience.
I have absolutely no intention of marrying Jacqueline Kennedy Onassis.