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The entire quote from Hayes is:

"Abolish plutocracy if you would abolish poverty. As millionaires increase, pauperism grows. The more millionaires, the more paupers."

I am not sure why it has been remembered, but it is to the point and said by a famous person. It seems applicable today as well as 125 years ago when it was said. It is somewhat ironic since Hayes was elected in large part by plutocrats and was no pauper himself. Perhaps the irony appeals to people who quote it today.

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Q: Why was Rutherford B Hayes's quote Abolish plutocracy if you would abolish poverty famous?
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