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  Quotations - Tax  
[Quote No.31189] Need Area: Money > Tax
"[John Maynard Keynes, the originator of Keynesian economic theory that supports big government, in correspondence with another British economist, limited government taxation to]... 25 percent [of GDP] as the maximum tolerable proportion of taxation. [As once government expands beyond the level of providing core public goods such as the rule of law, there tends to be an inverse relationship between the size of government and economic growth. This is why reducing the size and scope of government is one of the best ways to improve economic performance.]" - John Maynard Keynes
Famous economist. Quote in the book, 'Public Spending in the 20th Century: A Global Perspective' by Vito Tanzi and Ludger Schuknecht, (Cambridge University Press, 2000).
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[Quote No.31333] Need Area: Money > Tax
"I'm proud to pay taxes... the only thing is, I could be just as proud for half the money." - Arthur Godfrey

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[Quote No.31334] Need Area: Money > Tax
"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the Treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands." - Judge Learned Hand

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[Quote No.31419] Need Area: Money > Tax
"[One of the great problems with governments intervening in markets is that before you know it everyone demands their 'help' from the government.] The taxpayers don't mind robbing Peter. But they don't like it when the ill-gotten gains go into someone else. 'Hey, my name is Paul...Where's MY bonus?' " - Bill Bonner
From 'The Daily Reckoning - Australia', published 24th March, 2009.
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[Quote No.31588] Need Area: Money > Tax
"[Have you ever wondered why savvy business people worry about taxes, large government spending, deficits, inflation and the price of gold? No, it's not because they are greedy and don't care about the needy! Here's a little story about a 'dream' that helps explain the very serious consequences of not worrying about them.] This brings us to our dream the other night with Alan Greenspan [the famous U.S economist and former Chairman of the Federal Reserve Bank, whose loose monetary policies are now considered to have been very inflationary] ...don't ask us why the Maestro showed up in our dream. He just did. So we took the opportunity to ask him a few questions. We've reconstructed the conversation as best we can. 'Maestro...you hardly look yourself. It looks like twenty years have dropped from your face. It must be liberating not to have to worry about inflation [that makes people poorer even though they are working ever harder] anymore.' 'What's inflation?' 'Ah yes. About that. Why haven't we seen it yet [2009]? You've seen massive fiscal stimulus plans the world over, a huge increase in the monetary base, and lower interest rates [in 2008-9]. But no inflation. Bond traders don't seem especially worried either. They are not demanding higher interest rates because they fear future inflation. And gold? Well, it's plodding along. But shouldn't it be going much higher as the supply of fiat money explodes?' 'You're thinking is so old fashioned. It's true. Or at least it used to be true. In the days when we had a gold standard, it was a great defense against government monetary fraud (that's what I used to call inflation, before I became a central banker).' 'Oh. What do you mean?' 'If each unit of paper currency in your hand is redeemable for gold, then each holder of paper units has the power to hold the government accountable for its fiscal and monetary policy. If the government prints too much money to pay for its spending programs, unit holders can redeem their paper for gold. This draws down the governments stores of real gold, forcing it to either reduce the supply of paper money, or lose all its gold.' 'Why would it worry about that if it could just print more paper?' 'Because paper is not money. And your trading partners will not accept your paper if it is not backed by either real money or the ability to collect taxes from your people.' 'I'm not sure I follow. Back up a bit for me.' 'Okay. Back when everyone was on a gold standard, before the Great Depression, international accounts were settled in gold. It wasn't just citizens who could demand gold for their units. Nation states could do it too. Governments who ran up fiscal imbalances [from spending more than they taxed, for example] would see international holders of their currency redeem those paper units for real gold. This encouraged a kind of competition among nation states, or at least a kind of accountability. If you ran up deficits and borrowed a lot of money, gold flowed out to pay your creditors and to pay for your exports. Your inflationary monetary policy cost you your national inventory of gold and silver.' 'So what happened?' 'My you ask a lot of questions.' 'Hurry up. I think I have to wake up soon.' 'Well, under a gold standard, governments are forced to manage their monetary system for the benefit of their people. You get a stable price level because the value of the money is not fluctuating constantly with changes in the money supply. Governments want to avoid causing a run on their gold supply that would result from fiscal and monetary mismanagement.' 'Why did the world go off the gold standard if it was so good? What changed?' 'Lots of things. For example, with a gold standard, governments and people must live within their means. This is deeply unpopular with politicians, who must bribe populations with bright new shiny things to get elected. Gold makes it harder to bribe your people [with irresponsible spending programs, grants, etc] and win an election.' 'Okay. What else?' 'For whatever reason, perhaps because it is in their nature, governments like to [interfere in foreign countries' politics and] take their people to war. It keeps them distracted from other problems, usually caused by the government. But war is expensive. To pay for a war you must increase taxes or borrow money. If you increase taxes (directly or indirectly) you risk alienating your population and causing a tax revolt (and sending a lot of economic activity underground, out of the view of the tax collectors). So you have to borrow. It's the only way to greatly expand spending without raising taxes to punitive or socially disruptive levels.' 'Ah. I see. Under a gold standard, you couldn't borrow excessively without causing a run on your nation's gold. So...a gold standard was a natural constraint on a nation's ability to [waste money or] make war.' 'Yes. That doesn't mean nations didn't go to war before there was a gold standard. It just means that if you had to pay for your war with real money, it made it an expensive proposition. And if it undermined the value of the currency your citizens held, they were unlikely to support you. In a monarchy or dictatorship, that doesn't matter so much. But in a democracy, it matters a lot.' 'If what you're saying is correct, Maestro, then there'd be a clear connection between the creation of fiat money which is not backed by gold at all, and war between nation states.' 'There might be. But you're still thinking too small.' 'What do you mean?' 'It's true that most nations suspended the gold standard upon entering World War I. This allowed them [and their citizens] to run up ruinous debts to private bankers. They tried reinstating it, but then the [debt burden and irresponsible lending, especially for real estate and share market speculation, which created first the Roaring 20's boom and then the inevitable price for that reckless economic policy called The] Great Depression... And more than ever, governments needed the ability to print money to pay for domestic 'wars' on poverty and unemployment.' 'Right. And then World War Two - which was partly a consequence of the ruinous debt and reparations Germany could not repay - came along and you saw a huge explosion in government debt, this time mostly through bonds.' 'That's right. Which brings us back to inflation today. When the government finances exploding debts [fiscal and trade deficits] through the issuance of new bonds, investors typically demand higher interest rates to compensate for the inflation that results from the increase in the money supply. But today [so far in 2009], in a kind of conundrum, bond investors are not demanding higher interest rates.' 'Why not?' 'Who knows? For one, they don't see inflation [yet]. They see falling prices that come with a collapse in global demand. But it could be that they fear the world wide recession more than they fear inflation. The contraction in global trade and national GDPs has investors fleeing for the safety of bonds. This allows governments to print money and expand the monetary base with apparent impunity [for the time being].' 'Apparent?' 'Yes. Why, there in Australia where you're sleeping, the government is going to announce a budget in May [2009] which may include a $50 billion deficit. This is a country that had a surplus just a short time before.' 'That's not as bad as my home country. In the U.S., the government is going to run a trillion dollar deficit this year. And it's told everyone that number will double. But it doesn't seem to have dented demand for U.S. bonds yet.' 'No, it hasn't. And that's because without a gold standard, governments don't have to compete for capital as fiercely as they used to. They can all sell bonds to investors to finance deficits, provided the deficits aren't too jaw-dropping and provided they can continue to collect taxes to pay interest on the debt. Plus, they're colluding with one another [through the G20] to eliminate tax competition among countries, which gives them an even stronger grip on your wealth.' 'I'm with you Maestro. But I don't see where this is going.' 'Let me show you. Governments can only raise direct taxes (income taxes) so much before it negatively affects the economy (and social cohesion), which in turns lead to falling tax revenues as real economic activity slows. So a sure sign of governments that are getting desperate for revenue is an increase in indirect taxes.' 'You mean like the alcopops [premixed alcoholic beverages] tax here in Australia?' 'I've never heard of that. But if it's a tax that the supplier of a good or service passes on to the consumer then yes, that's exactly what I mean. It's an efficient way for the government to raise revenue without looking like it's being grubby, desperate, or just plain greedy. It can also claim the taxes are being raised to discourage socially undesirable behavior, but this is generally just a lie to disguise the need to raise revenues.' 'Ah. I see. You know the alcopops tax is illegal anyway, by the way. The government collected revenue on a tax using a law that hadn't been properly been passed by the Parliament. How is that possible? What about the Rule of Law?' 'What about it?' 'Never mind. You need to finish your lecture before I wake up. When will inflation result from the large increase in the monetary base?' 'I have no idea my boy. You see at its core, fiat money [that allows government deficit spending, that allows governments and the recipients of their largesse to live beyond their means] greatly accelerates the rate at which scarce resources are depleted. Land, labour, capital, and raw commodities are allocated based on a demand that isn't sustainable. If you do that long enough-let's say for the last seventy years or so-you get an entire global economy (and population) that exists because of the increase in credit. That's the world we live in. And it's all falling apart with the credit depression you've been writing about. [just as it did in The Great Depression through the 1930's]' 'Wait a second Maestro. Are you saying that the scope and scale of this economic contraction is a lot greater than anyone expects because the fiat money system itself is failing?' 'You said it. Not me. But it does make sense to say that the last twenty years or so of building national economies around the growth of residential real estate and the finance sector has greatly hastened us to a day of reckoning, as your friend Bill Bonner might say. We will find out if all that investment made by banks is merely 'temporarily impaired,' or if it represents an enormous misallocation of our collective resources [around speculating and conspicuous consumption to prop up our egos rather than increasing production of useful products and services] and has made us poorer for years to come.' 'So what should we do?' 'This is your dream [or should I say nightmare?]. You decide.'" - Dan Denning
Editor of 'The Daily Reckoning Australia', published 16th April 2009.
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[Quote No.31589] Need Area: Money > Tax
"Beware the greedy [insatiable] hand of government, thrusting itself into every corner and crevice of industry [and individual life]." - Thomas Paine

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[Quote No.31649] Need Area: Money > Tax
"[Governments tax people in obvious ways but also in hidden ways, with the worst being printing money to create inflation to allow them to pay for irresponsible deficit spending with 'cheaper' real dollars in the future. Why is inflation so bad?] Inflation is a tax on cash. The longer you hold cash when inflation is soaring, the more purchasing power you lose [especially if governments encourage a monetary policy where interest rates are below the true rate of inflation]. Just ask pensioners living off saved income. Low interest rates may be great for new home buyers [but only if their wages keep up with inflation, which they often don't - even with supposedly governments indexing wages and social security payments to inflation indexes, because of the ways they deliberately distort how it is measured]. But for pensioners, interest rates below the rate of inflation have led to a decline in real income. This is why it's so criminal and immoral that governments...actively pursue inflation... They say it's done to stimulate aggregate demand [especially in a recession] so the economy does not grind to a halt. But over the long-term, it makes for price instability [and at its worst hyperinflation, which has destroyed individuals, governments and countries and created wars throughout history]. People can't plan or save or invest because there is so much uncertainty about something so basic to economic life: the price and value of your money. Pursuing inflation also shortens people's time horizons. We'd argue this discourages businesses from making long-term plans (capital investments that might take years to depreciate and require huge investments). When you disincentive saving [which is critical to the health of an economy and the individual, rather than the dangers of excessive borrowing] you get people living for today and not really doing the kind of careful long-term planning an economy needs to be productive and raise living standards over time. [But voters, politicians and governments are notoriously short-sighted, often pursuing instant gratification at their long-term expense.]" - Dan Denning
Editor of 'The Daily Reckoning Australia'. Published Tuesday, 28 April 2009.
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[Quote No.31697] Need Area: Money > Tax
"We know from the experiences of many countries that reducing tax rates and simplifying the tax code improve [government productivity as weel as] both tax compliance and economic growth." - Richard W. Rahn
A senior fellow at policy thinktank, the Cato Institute.
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[Quote No.31722] Need Area: Money > Tax
"As ... [government] tries to close its fiscal deficit, most discussion focuses on higher taxes. No one likes this approach, but many assume expenditure cuts would be too harmful. In fact, ... [government] spending is excessive. Rather than raising taxes, ... [government] can balance its budget by reducing expenditures that should be cut independent of the current fiscal situation. Private companies throughout the economy are using the recession to identify wasteful or inefficient projects; ... [government] should do the same. Every entity, public or private, ends up with too much expenditure in good times, and this is understandable. The right response in bad times, however, is to cut excessive expenditures, not raise taxes. [which increases the burdens on families and businesses, reduces the country's GDP potential and slows its eventual recovery. An approach that focuses on stimulating business is better as it helps maintain and increase employment and in the long-run provides a bigger tax base, where government revenue can rise like a supermarket's profit from volume rather than high prices.]" - Jeffrey A. Miron
He is a senior lecturer on economics at Harvard University and a senior fellow at the Cato Institute. Quoted 2009.
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[Quote No.31723] Need Area: Money > Tax
"The correct policy for the United States [or any country] to follow is to reduce its corporate tax rate to make it internationally competitive, and to move toward a tax system that does not punish savings and productive investment so severely. We know from the experiences of many countries that reducing tax rates and simplifying the tax code improve both tax compliance and economic growth." - Richard Rahn
Senior Fellow at the policy thinktank, The Cato Institue.
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[Quote No.31756] Need Area: Money > Tax
"As is true of many similar measures, progressive taxation [where the more you earn the higher your tax rate] has assumed its present importance as a result of having been smuggled in under false pretences. When at the time of the French Revolution and again during the socialist agitation preceding the revolutions of 1848 it was frankly advocated as a means of redistributing incomes, it was decisively rejected. 'One ought to execute the author and not the project,' was the liberal Turgot's indignant response to some early proposals of this sort. When in the 1830's they came to be more widely advocated, J.R. McCulloch expressed the chief objection in the often quoted statement: 'The moment you abandon the cardinal principle of exacting from all individuals the same proportion of their income or of their property, you are at sea without a rudder or compass, and there is no amount of injustice and folly you may not commit.' In 1848 Karl Marx and Freidrich Engels [the founders of Communism] frankly proposed 'a heavy progressive or graduated income tax' as one of the measures by which, after the first stage of the revolution [social class war], 'the proletariat [workers or in other words those without savings or capital] will use its political [and physical] supremacy to wrest [take/confiscate], by degrees, all capital [savings/money/assets] from the bourgeois [middle class or in other words those with savings or capital, often invested in their own businesses], to centralise all instruments of production [business] in the hands of the state [government politicians and bureaucrats, thereby eliminating any effective political opposition to the state from any social class and dramatically reducing any individual's freedom to choose how they live and what their future could be].' " - Friederich Hayek
Famous economist, who won the Nobel Prize for economics in 1974. In his book, 'The Constitution of Liberty.'
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[Quote No.31831] Need Area: Money > Tax
"When governments cut public spending, on balance, interest rates tend to be lower than if they raise taxes. Tax hikes drive up costs for suppliers and thus prices. Interest rates have to rise to constrain inflation. Investment and demand are lower." - Oxford Analytica
Oxford Analytica is an independent strategic-consulting firm drawing on a network of more than 1,000 scholar experts at Oxford and other leading universities and research institutions around the world.
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[Quote No.31838] Need Area: Money > Tax
"If you want to see what not to do to a country's tax system if you want it to grow economically or be more socially just, you need to go no further than Japan since the 1990's. They have consistently raised taxes and their economy has flat lined for nearly two decades with no significant improvement in social justice or equity. They began with a series of tax measures on January 1, 1990 which eliminated certain preferential capital gains tax treatments for property. In 1992, the tax rate on short-term capital gains (under 2 years) on property was raised to 90%. Long-term gains were taxed at 60%. A 0.3% National property tax was introduced (this was several multiples greater than existing property taxes). A City Planning Tax of 0.3%. A Registration and License Tax of 5% of the sale value of a property. A Real Estate Acquisition Tax of 4%. An Office Tax of 0.25%. A Land Ownership Tax of 1.4%. Even the regular property tax, the Fixed Assets Tax, was effectively raised by several multiples. Therefore, from 1990 to 1996, Japanese property values naturally imploded, by as much as 70%, which was catastrophic for property owners. However, the revenues from these property taxes for the government rose by 46%. The Japanese government's tax barrage continues to this day in 2009. Already there is an annual rise in payroll taxes, scheduled for every year between 2004 and 2017, which will eventually take the payroll tax rate from 13.6% to 18.3%. (Employers match this, and there is no maximum income to which it applies.) There is an increase in taxes on dividends from 10% to 20% and an introduction of a brand-new capital gains tax on equities of 20%, which had effectively been tax-free before. Also an effective 25% increase in personal income taxes. On top of all that, politicians are talking about increasing the consumption tax (similar to a sales tax) from 5% presently to 10% or higher. Until a 3% consumption tax was introduced in 1989, there was no consumption tax at all in Japan, not even at the prefectural or municipal level. All citizens when they vote should remember that politicians and governments that are high taxing are bad for the economy as they kill the geese that lay the golden eggs, which are the risk taking entrepreneurs that when successful expand jobs and the gross domestic product and thereby raise the living standards of all. To vote in politicians and governments that spend more than their revenues, creating deficits that require increased taxes, eventually results in lower living standards for all in the future until their policies and debt are reversed. No country has ever taxed itself into economic success or long-term social equality." - Seymour@imagi-natives.com

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[Quote No.32086] Need Area: Money > Tax
"Once government expands beyond the level of providing core public goods such as the rule of law, there tends to be an inverse relationship between the size [and cost - tax, fees, etc] of government and economic growth." - Daniel J. Mitchell

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[Quote No.32367] Need Area: Money > Tax
" 'Taxes are what we pay for a civilized society,' read the words of Oliver Wendell Holmes inscribed over the entrance to the Internal Revenue Service building in Washington, D.C. But how we tax and spend determines, to a great extent, whether we are prosperous or poor, free or enslaved, and, most important, good or evil." - Charles Adams
Quote from his excellent book, 'For Good and Evil: The Impact of Taxes on the Course of History', Second Edition, 1999.
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[Quote No.32368] Need Area: Money > Tax
"I would rather the money [taxes] was in the pockets of my people than in my treasury." - Queen Elizabeth I
(1533 - 1603), Queen of England famous for her low taxing government.
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[Quote No.32369] Need Area: Money > Tax
"[Poem:]

Whoever hopes a faultless tax to see,
Hopes what ne'er was, is not, and ne'er shall be.

" - Alexander Pope

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[Quote No.32370] Need Area: Money > Tax
"[The argument for a flat tax rather than a progressive tax can be boiled down to this:] What would you say of a baker or a grocer or any merchant who would demand for the same commodity a price varying with the wealth of the purchaser? [The argument for a progressive tax on the other hand would be: Who will help the 'weak' in society if not those who are 'strong'?... And the 'stronger' they are the more they can and should help. To ensure that they do help the government should take it by force and under no circumstances should they then receive greater representation for the fact that they have contributed more to the government and the commonwealth than others.]" - Coffield
In his book, 'The History of Taxation'.
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[Quote No.32371] Need Area: Money > Tax
"All taxation, however disguised, is a loss per se... it is... the sacred duty of government to take only from the people what is necessary to the proper discharge of the public service and that taxation in any other mode is simply in one shape or another, legalized robbery." - Richard Cartwright
Quote from the Canadian government's liberal finance minister and chief tax spokesman in 1876 to the Canadian House of Commons.
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[Quote No.32372] Need Area: Money > Tax
"In 1971 we [the band, the 'Rolling Stones'] were forced to make a decision courtesy of the British government - live in England and [because of high taxes] not be able to afford another set of guitar strings, or move and keep the band together, hence [the album title] 'Exile on Main Steet'. [This is an argument for why high taxes to support a government's 'big government' and 'socialist welfare state' agenda only works for a short time as it drives away the most talented, creative and productive people, including those that create businesses and employment for others, leaving the country progressively ever worse.]" - The Rolling Stones
Famous rock band quoted in 1988 as to why they left England in 1971.
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[Quote No.32376] Need Area: Money > Tax
"It is not the heavily taxed realm that executes great deeds, but the moderately taxed one." - Ancient Asian Proverb

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[Quote No.32377] Need Area: Money > Tax
"Governments willfully ignore the lessons of tax history - less is more, or more accurately, lower taxes bring in more tax revenue [proven in economics by the Laffer Curve]. Too often [ill-informed] governments see [some] people the way criminals do - as victims to be mugged." - Malcolm S. Forbes, Jr.
Publisher
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[Quote No.32378] Need Area: Money > Tax
"Taxes have been, more often than not, the cause of revolution. People seldom rise up and revolt if their tax burdens are reasonable." - Charles Adams
From his excellent book, 'For Good and Evil: The Impact of Taxes on the Course of Civilization', Second Edition, 1999.
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[Quote No.32379] Need Area: Money > Tax
"[Welfare and] War[fare] means heavy expenditures. Heavy expenditures means heavy taxation. Heavy taxation strangles commerce and fosters economic stagnation and decline." - Charles Adams
From his excellent book, 'For Good and Evil: The Impact of Taxes on the Course of Civilization', Second Edition, 1999.
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[Quote No.32657] Need Area: Money > Tax
"In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other." - Voltaire
(1694 - 1778), French philosopher and writer.
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[Quote No.32668] Need Area: Money > Tax
"We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." - Winston Churchill
English politician who became the British Prime Minister during World War II. Quote from 1903.
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[Quote No.32688] Need Area: Money > Tax
"Taxation of earnings from labor is on a par with forced labor. Seizing the results of someone’s labor is equivalent to seizing hours from him and directing him to carry on various activities. [Government ambitions and spending which necessitates taxation should therefore always be kept to the barest minimum.]" - Robert Nozick
Harvard philosopher
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[Quote No.32693] Need Area: Money > Tax
"To tax the larger incomes at a higher percentage than the smaller, is to lay a tax on industry and economy; to impose a penalty on people for having worked harder and saved more than their neighbors." - John Stuart Mill
(1806 - 1873), British philosopher, economist, moral and political theorist, and administrator.
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[Quote No.32694] Need Area: Money > Tax
"When taxes are too high, people go hungry." - Lao Tsu
(604 BC - 531 BC), Chinese philosopher.
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[Quote No.32695] Need Area: Money > Tax
"A society that [unequally and disproportionally taxes or, as some have said,] robs an individual of the product of his effort ... is not strictly speaking a society, but a mob held together by institutionalized gang violence." - Ayn Rand
Russian-born, American philosopher and author.
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[Quote No.32703] Need Area: Money > Tax
"Everyone wants to live at the expense of the State [through subsidies, welfare, etc]. They forget that the State lives at the expense of everyone. [Therefore the more people live at the expense of the state, the more they actually live at the expense of everyone else through the higher taxation others must pay. Therefore recipients of government help rather than thanking the government should thank other taxpayers and try as quickly as possible to become independent and therefore no longer a burden that others must carry.]" - Frederic Bastiat
(1801 - 1850), French economist, legislator, and writer who championed private property, free markets, and limited government.
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[Quote No.32704] Need Area: Money > Tax
"[Citizens and politicians when considering laws and taxes should remember] The office of the government is not to confer happiness, but to give men [and women] the opportunity to work out happiness for themselves." - William Ellery Channing
(1780 - 1842), Unitarian theologian and transcendentalist poet.
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[Quote No.32706] Need Area: Money > Tax
"We are living in a sick society filled with people who would not directly steal from their neighbor but who are willing to demand that the government do it for them [through unequal taxes]." - William L. Comer

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[Quote No.32711] Need Area: Money > Tax
"I predict future happiness for Americans [or any other people] if they can prevent the government from wasting the labors of the people [excessive taxation] under the pretense of taking care of them." - Thomas Jefferson
(1743 – 1826), the principal author of the Declaration of Independence and the third President of the United States between 1801 and 1809.
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[Quote No.32716] Need Area: Money > Tax
"In 1950, the average [U.S.] family of four paid 2% of its earnings to federal taxes. Today [in 1996] it pays 24%." - William R. Mattox, Jr.

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[Quote No.32718] Need Area: Money > Tax
"It is a popular delusion that the government wastes vast amounts of [our tax] money through inefficiency and sloth. [That is true only in a small number of well documented cases. In most cases, it actually takes] Enormous effort [many bureaucratic jobs] and elaborate planning are required to waste [through poor outcomes] this much money." - P.J. O’Rourke
American humorist and libertarian.
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[Quote No.32724] Need Area: Money > Tax
"The American Dream was not about government’s taking huge sums of money (under the label of 'taxation') from citizens by force. The American Dream was about individualism and the opportunity to achieve success without interference from others." - Robert Ringer
Author
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[Quote No.32729] Need Area: Money > Tax
"[Contrary to some extreme opinion, Government is not a common criminal. Afterall] The highwayman takes solely upon himself the responsibility, danger, and crime of his own act. He does not pretend that he has any rightful claim to your money, or that he intends to use it for your own benefit... Furthermore, having taken your money, he leaves you, as you wish him to do... He does not keep 'protecting' you by commanding you to bow down and serve him; by requiring you to do this, and forbidding you to do that." - Lysander Spooner
(1808 – 1887), American entrepreneur and political philosopher.
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[Quote No.32732] Need Area: Money > Tax
"Liberals believe government should take people’s earnings to give to poor people. Conservatives disagree. They think government should confiscate people’s earnings and give them to farmers and insolvent banks. The compelling issue to both conservatives and liberals is not whether it is legitimate for government to confiscate one’s property to give to another [which is the real moral question], the debate is over the disposition of the pillage." - Walter Williams
Professor of Economics at George Mason University.
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[Quote No.32737] Need Area: Money > Tax
"Conservatives and liberals are kindred spirits as far as government spending is concerned. First, let’s make sure we understand what government spending is. Since government has no resources of its own, and since there’s no Tooth Fairy handing Congress the funds for the programs it enacts, we are forced to recognize that government spending is no less than the [disproportionate, unequal] confiscation of one person’s property to give it to another to whom it does not belong – in effect, legalized theft." - Walter Williams

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[Quote No.32792] Need Area: Money > Tax
"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. [When the golden goose realises that she will never be allowed to keep her golden eggs she will stop the extra effort she has to endure to create them and the people who have come to rely on the removed golden eggs, rather than developing their own abilities and opportunities, will be even worse off. History has shown that excessive, redistributive taxation always eventually kills a golden goose economy and then everyone is worse off. So remember] You cannot multiply wealth by dividing it." - Dr. Adrian Rogers

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[Quote No.32802] Need Area: Money > Tax
"[In a democracy] When the [majority of] people find they can vote themselves money [earned by the minorities], that will herald the end of the republic [justice and the economy]." - Benjamin Franklin

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[Quote No.32826] Need Area: Money > Tax
"The most credible studies show that government [fiscal] expenditures exert no multiplier effect on the economy. Actually, they show them to be very slightly negative. This is not just in the US. However, the tax effect has a multiplier of 3! If we raise taxes by $300 billion in 2011, that will slam the economy in the face. Further, we will collect less taxes than projected, as economic activity will fall. [along with GDP while debt and unemployment will rise. These are the problems that the well-intentioned but economically naive fail to comprehend when they advocate higher taxes, particularly on the 'wealthy', and then higher government spending, particularly on the 'needy'. The end result is a vicious cycle where everyone gets progressively worse off until the unrealistic fiscal and taxation policies are reversed.] " - John Mauldin
President of Millennium Wave Advisors, LLC (MWA) which is an investment advisory firm.
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[Quote No.32948] Need Area: Money > Tax
"Patrick Henry railed against taxation without representation. He should see it with representation. [It ain't much better.]" - Saul Landau

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[Quote No.32983] Need Area: Money > Tax
"You can’t make a weak man strong by making a strong man weak." - Abraham Lincoln
U.S. President
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[Quote No.33033] Need Area: Money > Tax
"Government does not cause affluence. Citizens of totalitarian countries have plenty of government and nothing of anything else. [Remember this when certain politicians try to convince you that they could help more people if only they had more money. Where will this money come from? From your taxes of course, although they will try to placate you by saying most of the tax increases will be on the wealthy, and conveniently avoid telling you that the first people they will help will be themselves as they will need to increase the size of the public service and government to collect and administer the increased tax revenue.]" - P.J. O’Rourke

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[Quote No.33144] Need Area: Money > Tax
"Next to being shot at and missed, nothing is quite as satisfying as an income tax refund." - F. J. Raymond

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[Quote No.33153] Need Area: Money > Tax
"[A] Government lasts as long as the [politically influencial and therefore] under-taxed can defend themselves against the over-taxed." - Bernard Berenson

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[Quote No.33172] Need Area: Money > Tax
"It will be of little avail to the people that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man who knows what the law is today can guess what is will be tomorrow." - James Madison
Federalist no. 62 [February 27, 1788]
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[Quote No.33174] Need Area: Money > Tax
"As quickly as you start spending federal money in large amounts, it looks like free money. [The perception of free money could not be further from the truth! The only money the government ever has is money it takes from someone else by taxing directly, borrowing and paying back by taxing, or printing money creating inflation, which is a form of subtle taxation reducing the value of everyone's savings and wages.]" - Dwight D. Eisenhower
U.S. President
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