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  Quotations - Tax  
[Quote No.41430] Need Area: Money > Tax
"No one in America fully understands the constantly changing Internal Revenue Code. Agents of the IRS do not, judges do not, congressmen do not, and most assuredly taxpayers do not. [This is not uncommon worldwide and is an indication of the ad hoc nature of political legislation in the past to extract tax revenue from some groups and give advantages to others. Also this complexity adds to business costs and increases planning uncertainties.]" - G. Edward Griffin
Historian and author. Quote from 'Before the Income Tax', 'The New American', p.28, April 1, 1996.
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[Quote No.41431] Need Area: Money > Tax
"[Government bureaucracies are nearly always very badly run as they have no need to be well managed being part of a coercive monopoly with no competition to keep them sharp and constantly improving. Here's an example from the U.S. Internal Revenue (tax) Service, which of all US government departments should have the necessary financial skill:] The agency that is so strict on the way Americans keep their books cannot even pass a financial audit." - Ted Stevens
US Senator, Alaska-Republican. Quoted commenting on the first-ever audit of the IRS in 1993.
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[Quote No.41565] Need Area: Money > Tax
"[Democracy, without unalienable rights providing protection, is dangerous for any minority. For example...] It is useless for the sheep to pass resolutions in favor of vegetarianism, while the wolf remains of a different opinion. [With regard to tax revenue and government spending it is informative and sometimes surprising to consider who the 'sheep' and 'wolf' actually are, in the society.]" - William Ralph Inge

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[Quote No.41571] Need Area: Money > Tax
"The proliferation of bureaucrats and its invariable accompaniment, much heavier tax levies on the productive part of the population, are the recognizable signs, not of a great, but of a decaying society. Historians know that both phenomena were especially marked in the declining eras of the Roman Empire in the West and of its successor state, the Eastern or Byzantine Empire." - William Henry Chamberlin
(1897 – 1969), American historian and journalist. He was the author of several books about the Cold War, Communism and US foreign policy, the most famous of which was 'The Russian Revolution 1917-1921', published in 1935. Chamberlin wrote the book whilst stationed in Russia between 1922-34 as the Moscow correspondent of 'The Christian Science Monitor'. After leaving the USSR, he went to Germany and his experiences with Nazism further convinced him of the dangers of collectivism and absolutism in general and he became more convinced of the importance of individual rights and of the value of the United States Bill of Rights.
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[Quote No.41597] Need Area: Money > Tax
"Abracadabra, thus we learn: The more you create, the less you earn. The less you earn, the more you're given, The less you lead, the more you're driven, The more destroyed, the more they feed, The more you pay, the more they need, The more you earn, the less you keep, And now I lay me down to sleep, I pray the Lord my soul to take, If the tax-collector hasn't got it before I wake." - Ogden Nash

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[Quote No.41598] Need Area: Money > Tax
"Taxes on consumption, like those on capital or income, to be just, must be uniform." - Benjamin Franklin
letter to the French Ministry, 1778.
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[Quote No.41860] Need Area: Money > Tax
"To say that any people are not fit for freedom [through unending regulation and laws], is to make poverty their choice, and to say they [or at least some members of their community] had rather be loaded with taxes than not [to support the enormous bureaucracy required to manage people not allowed to be free to manage themselves]." - Thomas Paine

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[Quote No.41883] Need Area: Money > Tax
"[Here is a parable which gives an interesting perspective on the state, government and democracy:] Consider the following sequence of cases, which we shall call the Tale of the Slave, and imagine it is about you. --1 There is a slave completely at the mercy of his brutal master's whims. He often is cruelly beaten, called out in the middle of the night, and so on. --2 The master is kindlier and beats the slave only for stated infractions of his rules (not fulfilling the work quota, and so on). He gives the slave some free time. --3 The master has a group of slaves, and he decides how things are to be allocated among them on nice grounds, taking into account their needs, merit, and so on. --4 The master allows his slaves four days on their own and requires them to work only three days a week on his land. The rest of the time is their own. --5 The master allows his slaves to go off and work in the city (or anywhere they wish) for wages. He requires only that they send back to him three-sevenths of their wages. He also retains the power to recall them to the plantation if some emergency threatens his land; and to raise or lower the three-sevenths amount required to be turned over to him. He further retains the right to restrict the slaves from participating in certain dangerous activities that threaten his financial return, for example, mountain climbing, cigarette smoking. --6 The master allows all of his 10,000 slaves, except you, to vote, and the joint decision is made by all of them. There is open discussion, and so forth, among them, and they have the power to determine to what uses to put whatever percentage of your (and their) earnings they decide to take; what activities legitimately may be forbidden to you, and so on. ---- Let us pause in this sequence of cases to take stock. If the master contracts this transfer of power so that he cannot withdraw it, you have a change of master. You now have 10,000 masters instead of just one; rather you have one 10,000-headed master. Perhaps the 10,000 even will be kindlier than the benevolent master in case 2. Still, they are your master. However, still more can be done. A kindly single master (as in case 2) might allow his slave(s) to speak up and try to persuade him to make a certain decision. The 10,000-headed monster can do this also. --7 Though still not having the vote, you are at liberty (and are given the right) to enter into the discussions of the 10,000, to try to persuade them to adopt various policies and to treat you and themselves in a certain way. They then go off to vote to decide upon policies covering the vast range of their powers. --8 In appreciation of your useful contributions to discussion, the 10,000 allow you to vote if they are deadlocked; they commit themselves to this procedure. After the discussion you mark your vote on a slip of paper, and they go off and vote. In the eventuality that they divide evenly on some issue, 5,000 for and 5,000 against, they look at your ballot and count it in. This has never yet happened; they have never yet had occasion to open your ballot. (A single master also might commit himself to letting his slave decide any issue concerning him about which he, the master, was absolutely indifferent.) --9 They throw your vote in with theirs. If they are exactly tied your vote carries the issue. Otherwise it makes no difference to the electoral outcome. ---- The question is: which transition from case 1 to case 9 made it no longer the tale of a slave?" - Robert Nozick
'The Tale of the Slave', from his book, 'Anarchy, State, and Utopia', pp. 290-292.
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[Quote No.41889] Need Area: Money > Tax
"We do not commonly see in a tax a diminution of freedom [for all], and yet it clearly is one." - Herbert Spencer

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[Quote No.41999] Need Area: Money > Tax
""...the very idea that some faceless government functionary can walk into my house, or my office, at any time and on any pretense and require me to spend my time and resources assisting him in going over my books so that he may demand more money from me,­ money that will then flow through the [political] machine to be used to purposes I find personally abhorrent - is a truly warped and disturbing concept." - David Galland

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[Quote No.42009] Need Area: Money > Tax
"Government: If you refuse to pay unjust taxes, your property will be confiscated. If you attempt to defend your property, you will be arrested. If you resist arrest, you will be clubbed. If you defend yourself against clubbing, you will be shot dead. These procedures are known as the Rule of Law." - Edward Abbey

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[Quote No.42022] Need Area: Money > Tax
"But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them and gives it to the other persons to whom it doesn't belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish that law without delay ... No legal plunder; this is the principle of justice, peace, order, stability, harmony and logic." - Frederic Bastiat

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[Quote No.42043] Need Area: Money > Tax
"There has been no organized effort to keep government down since Jefferson's day. Ever since then the American people have been bolstering up its powers and giving it more and more jurisdiction over their affairs. They pay for that folly in increased taxes and diminished liberties!" - H.L. Mencken

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[Quote No.42087] Need Area: Money > Tax
"The power to tax involves the power to destroy;...the power to destroy may defeat and render useless the power to create..." - John Marshall

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[Quote No.42091] 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, political economist, member of parliament and civil servant. He was an influential contributor to social theory, political theory, and political economy. He has been called 'the most influential English-speaking philosopher of the nineteenth century'.Mill's conception of liberty justified the freedom of the individual in opposition to unlimited state control. He was a proponent of utilitarianism, an ethical theory developed by Jeremy Bentham. Hoping to remedy the problems found in an inductive approach to science, such as confirmation bias, he clearly set forth the premises of falsification as the key component in the scientific method. Mill was also a Member of Parliament and an important figure in liberal political philosophy.
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[Quote No.42142] Need Area: Money > Tax
"[Small government and free market capitalism:] Little else is requisite to carry a state to the highest degrees of opulence from the lowest barbarism, but peace [self-defense], easy [low] taxes, and tolerable administration of justice. ... The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security is so powerful a principle that it is alone, and without any assistance ... capable of carrying on the society to wealth and prosperity..." - Adam Smith
Philosopher. Quote from his famous book on economics, 'Wealth of Nations' (1776).
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[Quote No.42144] Need Area: Money > Tax
"Remember that every government service, every offer of government financed security, is paid for in the loss of personal [and financial] freedom [of at least some part of society]." - Ronald Reagan
US President
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[Quote No.42146] Need Area: Money > Tax
"Man is not free unless government is limited ... As government expands, liberty contracts [especially financial liberty, for at least some part of society]." - Ronald Reagan
US President
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[Quote No.42152] Need Area: Money > Tax
"The real destroyer of the liberties [-freedoms, of at least a portion] of the people is he who spreads among them bounties, donations and benefits [he takes from some of them in order to 'buy' the support of others]." - Plutarch
Quote from around 75 AD.
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[Quote No.42154] Need Area: Money > Tax
"The [financial largesse and] arrogance of officialdom [government, bureaucracy] should be tempered and controlled...lest Rome fail." - Cicero
Quote from around 50 BC.
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[Quote No.42157] Need Area: Money > Tax
"['Government charity' is an oxymoron. Government has no pre-existing supply of money. Before government can give to one, it must first take from another, through either taxes, debt, or inflation. Biblical Christian charity is based on voluntary giving. 'Charity' is a form of 'Love' in Greek. They both translate as 'Agape'. The socialist-communist concept of forced redistribution or 'Robin Hood' taking from one and giving to another, is not a Christian concept. The Christian morality requires that God-given free-will, rather than force, coercion or fraud, is used.] Each one must do as he has made up his mind, not reluctantly or under compulsion, for God loves a cheerful giver." - Bible
2 Corinthians 9:7
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[Quote No.42174] Need Area: Money > Tax
"I think the terror most people are concerned with is the IRS [Internal Revenue (tax) Service]." - Malcolm Forbes

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[Quote No.42178] Need Area: Money > Tax
"[The economic dangers of excessive growth in the size of government and bureaucracy, largesse for political purposes, and tax revenue, have always been a problem and a danger to political stability and individual liberty, that wise individuals have tried to warn people about:] The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced. If the nation doesn't want to go bankrupt, people must again learn to work, instead of living on public assistance." - Marcus Tullius Cicero
(106 BC – 43 BC), Roman philosopher, statesman, lawyer, orator, political theorist, Roman consul and constitutionalist. Quote from 55 BC.
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[Quote No.42185] Need Area: Money > Tax
"The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin." - Mark Twain

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[Quote No.42192] Need Area: Money > Tax
"Government [power, size and expense] does not grow by [simply and obviously] seizing our freedoms, but by [subtly and 'benevolently'] assuming our responsibilities [and therefore the power and finances we previously had to meet those responsibilities]." - Michael Cloud

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[Quote No.42195] Need Area: Money > Tax
"[Welfare by government coercive tax and spend redistribution, rather than charity:] Freedom, morality, and the human dignity of the individual consists precisely in this; that he does good not because he is forced to do so [by self-aggrandizing government edict, tax legislation and legal coercion] , but because he freely conceives it, wants it, and loves it [doing it with his own, rather than another’s, earned possessions]." - Mikhail Bakunin

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[Quote No.42206] Need Area: Money > Tax
"The way to crush the bourgeoisie [middle class] is to grind them between the millstones of taxation and inflation." - Vladimir Ilyich Lenin
Russian Communist theorist.
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[Quote No.42245] Need Area: Money > Tax
"[The time is here to carefully rethink government spending promises and the taxes they must levy to fund them. In the US] Republicans want to cut taxes and Democrats want to increase spending. Both groups are engaged in what President George H. W. Bush called voodoo economics. Republican supply siders are sure that every federal tax would produce more revenue if only it were cut. We think setting all tax rates to zero and forcing Republicans to announce each day's tax collections would change their tune, but maybe not. Democrat demand siders are equally subject to magical thinking. They believe that raising federal spending, even if it entails paying people to dig ditches and fill them back up, will stimulate the economy so much it will pay for itself through extra taxes. We think providing all Americans a year's free vacation and forcing Democrats to provide daily revenue reports would alter their thinking, but who knows. In the dream world of our political parties, their favorite action always 'pays for itself.' Republicans buy votes by reducing taxes and claiming they pay for themselves. Democrats buy votes by spending money and calling it an 'investment.' Setting just one set of these loonies loose on the economy would be damaging enough, but in recent years we've opened the asylum. We've watched them combine forces to both raise spending and cut tax rates. The bill goes to the kids who, conveniently, are never in the room." - Laurence Kotlikoff and Scott Burns
Quote from their book, 'The Clash of Generations', published 2012.
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[Quote No.42255] Need Area: Money > Tax
"[If democracy is not to become mob rule and just another version of 'might is right', there are certain things that even the majority cannot choose for all, especially for a minority; certain unalienable, inherent human rights that no individual or group can ethically contravene.] There is no maxim, in my opinion, which is more liable to be misapplied, and which, therefore, more needs elucidation, than the current, that the interest [and desires] of the majority is the political standard of right and wrong [as in Jeremy Bentham's and John Stuart Mill's philosophy of utilitarianism - 'the greatest happiness for the greatest number'. For example sacrificing the unalienable right to life of an innocent child if the majority thought it would mean more food for them in a famine or denying the unalienable right to liberty of an innocent person by imprisoning them without cause other than the majority wanted to have their wealth]." - James Madison
(1751 - 1836), Father of the Constitution of the United States of America and its 4th President.
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[Quote No.42382] Need Area: Money > Tax
"That is not a just government, nor is property secure under it, where the property which a man has in his personal safety and personal liberty is violated by arbitrary seizures of one class of citizens for the service of the rest." - James Madison
(1751 – 1836), American statesman, political theorist and the fourth President of the United States (1809–1817). He is hailed as the 'Father of the Constitution' for being instrumental in the drafting of the United States Constitution and as the key champion and author of the United States Bill of Rights.
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[Quote No.42511] Need Area: Money > Tax
"The [US] Tax Policy Center...reported that in 2011, 46 percent of all Americans either paid no income tax, or received more from the federal government than they paid in. [The conclusion can only be that some pay for their own and others government services and others get their services free. That appears like a prima facie injustice, worthy of closer inspection.] What this means is that half of the American population is invested in the status quo. This is why a liberal, Democratic president is (at least) slightly favored to win every presidential election, as Obama presently is for 2012. Note that in every approval rating you read for Obama, he rarely if ever dips below 46-50 percent. That’s no accident. Obama stands for the status quo of the redistribution state as we know it. [The socialist, big, paternal government with cradle to grave welfare-entitlement 'support', ever growing fiscal deficits and taxes, and higher than necessary inflation, the 'secret tax' on the poor.] Obama has fortified and expanded that state, and there’s no way that this half of the population will ever let it go... [Nearly] Half of all Americans are personally invested in continuing to pay no income taxes — all the while demanding even more government handouts, freebies and subsidies or benefits than they already receive. [This brings to mind the following appropriate quotes: ---(1) 'When the people find they can vote themselves money, that will herald the end of the republic.' - Benjamin Franklin; ---(2) 'Representative democracy cannot subsist if a great part of the voters are on the government pay roll. If the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other benefits from the treasury, democracy is done for.' - Ludwig von Mises, famous Austrian economist; ---(3) 'A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years... Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage.' - Attributed to Alexander Fraser Tytler, Lord Woodhouselee; ---(4) 'Democracy is a form of government that cannot long survive, for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves all the money in the treasury, and bankrupt the nation." - Karl Marx, Father of Communism and author of the 'Communist Manifesto'.]" - Dr. Michael J Hurd
He is a psychotherapist and author. Quote from his article, 'The 46 Percent – Who Pay No Income Taxes', published 29th January, 2012. [http://capitalismmagazine.com/2012/01/the-46-percent-who-pay-no-income-taxes/ ]
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[Quote No.42566] Need Area: Money > Tax
"Many people consider the things which government does for them to be social progress, but they consider the things government does for others as socialism. [They are both socialism:- the coercive and sometimes violent taking of someone's property or money in the form of taxes for example and giving it to another that the giver wants to like them as a consequence.]" - Earl Warren
(1891 - 1974), American Republican politician and judge.
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[Quote No.42580] Need Area: Money > Tax
"Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on." - Frédéric Bastiat
Quote from his book, 'The Law'.
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[Quote No.42648] Need Area: Money > Tax
"The politicians say 'we' can't afford a tax cut. Maybe we can't afford the politicians." - Steve Forbes

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[Quote No.42882] Need Area: Money > Tax
"Taxes are more injurious to liberty than manual labor." - Jean-Jacques Rousseau
(1712 – 1778), Franco-Swiss philosopher of the Enlightenment whose political ideas influenced the French Revolution, the development of socialist theory, and the growth of nationalism.
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[Quote No.42890] Need Area: Money > Tax
"The right of conquest has no foundation other than the right of the strongest [and might is not necessarily right, even when it is the 'might' from the most numerous vote in a democracy. For example a majority could vote to enslave the minority and steal and redistribute their wealth, but that would not make it right or moral. This is a serious problem with Jeremy Bentham's philosophy of Utilitarianism and its Utilitarian ethics - i.e. 'the greatest good for the greatest number', which to be moral must be tempered with unalienable human rights that not even a majority can deny to even one human]!" - Jean-Jacques Rousseau
(1712 – 1778), Franco-Swiss philosopher of the Enlightenment whose political ideas influenced the French Revolution, the development of socialist theory, and the growth of nationalism.
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[Quote No.42906] Need Area: Money > Tax
"[There is always a danger to the middle classes and the wealthy when people in a society are so poor that they are hungry, especially if their numbers are large and the fact and visibility of the wealth discrepancy is obvious and frequent. Society’s law and order is then likely to break down and people desperate to survive, as well as those just envious or greedy, will disregard others’ needs and rights and society’s laws and use force to obtain the necessities, among other things, that they need, in order to survive, or prosper. At these times it is useful to remember that...] When the people shall have nothing more to eat, they will eat the rich. [This is the dystopian worst case scenario of the mutual benefit that living in societies under a social contract promises. To avoid that, amongst other objectives, social, economic and political philosophies and structures have evolved over history and geography ranging: from strong central government power and freedom through communal property rights, for example communism, to strong individual power and freedom from strict private property rights, for example laissez faire (free market) capitalism; from government tax and redistribution policies to opportunities for education, business set-up capital and free-markets that promote voluntary exchange in order to meet each other’s needs and desires.] [This quote about eating the rich contrasts with another famous quote of Rousseau’s about eating that has been used by the poor and hungry, and those purporting to represent their interests, to express their belief about the way the wealthy regard the poor and hungry’s plight, fairly or unfairly: ‘I remembered the way out suggested by a great princess when told that the peasants had no bread: ‘Well, let them eat cake’. It has also been translated in a longer form as ‘At length I recollected the thoughtless saying of a great princess, who, on being informed that the country people had no bread, replied, ‘Then let them eat cake!’ In the original French - ‘Qu'ils mangent de la brioche’. This statement has usually come to be attributed to Marie Antoinette, but it was written in 1766, when Marie Antoinette was 10 and still 4 years away from her marriage to Louis XVI of France, and is an account of events of 1740, before she was born. It also implies the phrase had been long known before that time. As quoted in his book, ‘Confessions of Jean-Jacques Rousseau’ (1770, published 1782).]" - Jean-Jacques Rousseau
(1712 – 1778), Franco-Swiss philosopher of the Enlightenment whose political ideas influenced the French Revolution, the development of socialist theory, and the growth of nationalism. Attributed to Rousseau as being from a ‘Speech at the commune on the 14th of October’ in ‘The History of the French Revolution’ by M. A. Thiers. Translated, with notes and illustrations from the most authentic sources, by Frederick Shoberl., Thiers, Adolphe, 1797-1877., page 359.
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[Quote No.43216] Need Area: Money > Tax
"[Here's another way of looking at the dangers of tax and spending policies in any 'democracy'. As a democracy is based on the idea of utilitarianism, which is the idea of 'the greatest good for the greatest number', if the arrangement is not unrestrained by Lockean (refer the philosopher John Locke, who influenced the US Founding Father's political thought) equal unalienable individual rights, in this case for each nation-state instead of each human-citizen, to life, liberty and property rights, then the democracy enables the majority to become 'parasitic', using their vote to 'legally' loot the property of a minority, especially a wealthy minority, as in the following example about the proposal in 2012 for creating Euro-Zone bonds to help the bankrupt southern nation-states of Europe, by making all of the European nation-states, including the bankrupt Southern ones but more importantly the wealthy northern ones, in particular Germany, individually and severally responsible for the debt:] This is like 9 broke guys walking up to Warren Buffett [one of the richest men in the world] and proposing that they all get together so each of them can issue 'Warrenbonds.' About 90% of the group would agree on the wisdom of that idea, and Warren would be criticized as a 'holdout' to the success of the plan. [Germany is understandably reluctant to become the ultimate guarantor of the Euro-Zone. Bundesbank President Jens Weidmann put the German position on Euro-Zone bonds bluntly: 'You cannot give someone your credit card without having the means to control the spending.'] " - John Hussman
Fund manager. Published in his 'Weekly Market Comment', entitled 'The Reality of the Situation', May 28, 2012. [http://www.hussmanfunds.com/wmc/wmc120528.htm ]
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[Quote No.43230] Need Area: Money > Tax
"[Middle-class welfare is an oxymoron:] ...The government safety net was created to keep Americans from abject poverty, but the poorest households no longer receive a majority of government benefits. A secondary mission has gradually become primary: maintaining the middle class from childhood through retirement. The share of benefits flowing to the least affluent households, the bottom fifth, has declined from 54 percent in 1979 to 36 percent in 2007, according to a Congressional Budget Office analysis published last year. And as more middle-class families like the Gulbransons land in the safety net in Chisago and similar communities, anger at the government has increased alongside. Many people say they are angry because the government is wasting money and giving money to people who do not deserve it... The expansion of government benefits has become an issue in the presidential campaign. Rick Santorum, who won 57 percent of the vote in Chisago County in the Republican presidential caucuses last week, has warned of 'the narcotic of government dependency.' Newt Gingrich has compared the safety net to a spider web. Mitt Romney has said the nation must choose between an 'entitlement society' and an 'opportunity society.' All the candidates, including Ron Paul, have promised to cut spending and further reduce taxes. The problem by now is familiar to most. Politicians have expanded the safety net without a commensurate increase in revenues, a primary reason for the government’s annual deficits and mushrooming debt. In 2000, federal and state governments spent about 37 cents on the safety net from every dollar they collected in revenue, according to a New York Times analysis. A decade later, after one Medicare expansion, two recessions and three rounds of tax cuts, spending on the safety net consumed nearly 66 cents of every dollar of revenue... Almost half of all Americans lived in households that received government benefits in 2010, according to the Census Bureau. The share climbed from 37.7 percent in 1998 to 44.5 percent in 2006, before the recession, to 48.5 percent in 2010. The trend reflects the expansion of the safety net. When the earned-income credit was introduced in 1975, eligibility was limited to households making the current equivalent of up to $26,997. In 2010, it was available to families making up to $49,317. The maximum payout, meanwhile, quadrupled on an inflation-adjusted basis... The Congressional Budget Office projects that government spending on medical benefits, even taking into account the cost containment measures in the 2010 health care law, will rise 60 percent over the next decade. Then it will start rising even more quickly. The cost of caring for each beneficiary continues to increase, and the government projects that Medicare enrollment will grow by roughly one-third as baby boomers enter old age. Spending on medical benefits will account for a larger share of the projected increase in the federal budget over the next decade than any other kind of spending except interest payments on the federal debt. Medicare’s starring role in the nation’s financial problems is not well understood. Only 22 percent of respondents to the New York Times poll correctly identified Medicare as the fastest-growing benefits program. A greater number of respondents, 27 percent, chose programs for the poor. That category, which includes Medicaid, is slightly larger than Medicare today but is projected to add only half as much to federal spending over the next decade. Medicare’s financial problems are much worse than Social Security’s. A worker earning average wages still pays enough in Social Security taxes to cover the benefits the worker is likely to receive in retirement, according to an analysis by the Urban Institute. Social Security is still running out of money because the program must also support spouses who do not work and workers who earn lower wages. But Medicare’s situation is even more dire because a worker earning average wages still contributes only $1 in Medicare taxes for every $3 in benefits likely to be received in retirement. A woman who was 45 in 2010, earning $43,500 a year, will pay taxes that will reach a value of $87,000 by the time she retires, assuming the money is invested at an annual interest rate 2 percentage points above inflation, according to the Urban Institute analysis. But on average, the government will then spend $275,000 on her medical care. The average is somewhat lower for men, because women live longer. Medicare is often described as an insurance program, but its premiums are not nearly high enough. In simple terms, Americans are getting more than they pay for... One of the oldest criticisms of democracy is that the people will inevitably drain the treasury by demanding more spending than taxes... " - Binyamin Appelbaum and Robert Gebeloff
Quote from the article entitled 'Even Critics of Safety Net Increasingly Depend on It' published in 'The New York Tines', February 11, 2012. [http://www.nytimes.com/2012/02/12/us/even-critics-of-safety-net-increasingly-depend-on-it.html?_r=4&pagewanted=al ]
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[Quote No.43238] Need Area: Money > Tax
"To compel [by force, coercion or fraud] a man [or woman] to furnish contributions of money for the propagation of opinions [and actions] which he [or she] disbelieves and abhors, is sinful and tyrannical." - Thomas Jefferson
(1743-1826), US Founding Father, who drafted the Declaration of Independence, and was the 3rd US President. Quote from the Virginia Statutes of Religious Freedom, 1779.
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[Quote No.43751] Need Area: Money > Tax
"A historical study of taxation leads [the concept back to its origins; that is back] inevitably to loot, tribute, ransom — the economic purpose of conquest [i.e. stealing other's private property for personal gain]. The barons who put up toll-gates along the Rhine were tax-gatherers. So were the gangs who 'protected' for a forced fee, the caravans going to market. The Danes who regularly invited themselves into England, and remained as unwanted guests until paid off, called it Dannegeld; for a long time that remained the basis of English property taxes. The conquering Romans introduced the idea that what they collected ['tribute'] from subject peoples was merely just payment ['ransom' or Mafia-like 'protection money'] for maintaining law and order. For a long time the Norman conquerors collected catch-as-catch-can tribute from the English, but when by natural processes an amalgam of the two peoples resulted in a nation, the collections were regularized in custom and law and were called taxes [by the nobility - i.e. the kings and queens]." - Frank Chodorov
Past editor of the libertarian magazine, 'The Freeman'. As quoted by Austrian economist Murray Rothbard, in his book, 'Power and Market: Government and the Economy'.
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[Quote No.43752] Need Area: Money > Tax
"In his 'State of the Union' speech Tuesday night President Obama played the fairness card in calling for higher taxes on upper-income people. He said: '...we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes. Tax reform should follow the Buffett rule: If you make more than $1 million a year, you should not pay less than 30 percent in taxes.' [and] 'When Americans talk about folks like me paying my fair share of taxes, it’s not because they envy the rich. It’s because they understand that when I get tax breaks I don’t need and the country can’t afford, it either adds to the deficit, or somebody else has to make up the difference...' There are lots of claims there that cry out for examination. For example, what’s need got to do with it? Does Obama really favor a tax system that leaves you only what you need — as determined by someone else? And look at that term 'tax breaks.' If a burglar decides not to break into your house and take your things, have you gotten a break? Or have you simply kept what is yours? Is Obama really suggesting that how much of your income you retain should depend on what 'the country' can afford? What does that even mean? ... " - Sheldon Richman
The editor of 'The Freeman' magazine and the website, TheFreemanOnline.org, and a contributor to 'The Concise Encyclopedia of Economics'. Quote from his article, 'The Chimera of Tax Fairness - Buffett's secretary is overtaxed', published January 27, 2012 in 'The Freeman'. [http://www.thefreemanonline.org/columns/tgif/the-chimera-of-tax-fairness/ ]
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[Quote No.43824] Need Area: Money > Tax
"By justice a king gives stability to the land, but he who imposes heavy taxes ruins it." - Bible
Proverbs 29:4 (New American Bible)
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[Quote No.43832] Need Area: Money > Tax
"[Inflation is a government tax that appeals to government because few citizens realise it is caused by government fiscal and monetary policy and therefore don't hold the relevant government accountable at the next election:] By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes
English economist
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[Quote No.43874] Need Area: Money > Tax
"The point to remember is what government gives it must first take away. [Anyone who receives anything from government - beyond what they have had taken in taxes - must understand that they are receiving 'stolen' goods, which is as much a crime as the original theft.]" - John S. Caldwell

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[Quote No.43888] Need Area: Money > Tax
"The taxpayer; that's someone who works for the federal government, but doesn't have to take a civil service examination." - Ronald Reagan
US President
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[Quote No.43908] Need Area: Money > Tax
"No government ever voluntarily reduces itself in size. Government programs [and therefore the tax burden they cost], once launched, never disappear." - Ronald Reagan
US President
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[Quote No.44063] Need Area: Money > Tax
"Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things." - Adam Smith
(1723-1790) Scottish philosopher and economist Source: Lecture in 1755, quoted in Dugald Stewart's 'Account Of The Life And Writings Of Adam Smith', Section IV, 25.
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[Quote No.44072] Need Area: Money > Tax
"The art of government consists of taking as much money as possible from one party of citizens to give to the other." - Voltaire
(1694-1778), pen-name of François Marie Arouet. Quote from 1764.
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[Quote No.44245] Need Area: Money > Tax
"Inflation is taxation without representation." - Milton Friedman
(1912-2006) Nobel Prize-winning economist and economic advisor to US President Ronald Reagan.
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