Teddy Roosevelt: “They rarely do good and they often do harm to those who inherit them…”

On the record

They rarely do good and they often do harm to those who inherit them in their entirety.

Said by

Republican · New York

Source

Roosevelt critiques the negative effects of large inheritances on beneficiaries, suggesting they often do more harm than good.

More from Teddy Roosevelt

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Don’t you pity me. I am all right.

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I wish to say that the Progressive Party is making its appeal to all our fellow citizens without any regard to their creed or to their birthplace.

Oct 13, 1912

I am absorbed in the success of that movement.

Nov 4, 1912

The American people by a great plurality have conferred upon you the highest honor in their gift.

Other voices in this conversation

Teddy Roosevelt: “They rarely do good and they often do harm to those who inherit them in their entirety.”