A Quote by Andrew Mellon
Prosperity of the middling and lower orders depends upon the fortunes and light taxes of the rich.
Related Quotes
The government taxes you when you bring home a paycheck.
It taxes you when you make a phone call.
It taxes you when you turn on a light.
It taxes you when you sell a stock.
It taxes you when you fill your car with gas.
It taxes you when you ride a plane.
It taxes you when you get married.
Then it taxes you when you die.
This is taxual insanity and it must end.
The left does understand how raising taxes reduces economic activity. How about their desire for increasing cigarette taxes, soda taxes? What are they trying to do? Get you to buy less. They know. They know that higher taxes reduce activity. It's real simple: If you want more of an activity, lower taxes on it. If you want less of an activity, raise taxes. So if you want more jobs? It's very simple. You lower payroll taxes. If you don't want as many jobs, then you raise corporate taxes. It's that simple, folks.
'China rich' is the new 'crazy rich.' It's a new level of outrageousness. It comes from this world where overnight fortunes have been made, but the fortunes are so ginormous compared to anything we've ever seen in the history of the world.
Hillary Clinton would raise taxes on so-called rich people, corporations, capital gains, financial transactions, and inheritance. Has there ever been an example where America has taxed its way into prosperity? Never. Trump has an economic-recovery-and-prosperity plan. Clinton has an austerity-recession plan.
If it was true that lower taxes for the rich and more wealth to the wealthy leat to job creation, today we would be drowning in jobs.
When you say the tax system benefits the rich, there are a lot of people who respond, "That can't be true, look at the rate of tax. The people who are rich pay a higher rate than you or I." Well, yeah, but if you don't have to pay taxes on a lot of your income, then your real tax rate is a lot lower. And if you're allowed to pay your taxes thirty years from now instead of today then you're a lot better off. People need to have a sophisticated understanding of how the system works to appreciate that the posted tax rate really has very little to do with the taxes people pay.
I'm a Conservative who believes in lower taxes. They lead to a more enterprising economy. But I'm not somebody who believes you can fund lower taxes by borrowing more money.
The higher orders [of angels] are presumed to be closer in their nature to God and to function in roles that serve God more directly than the lower orders, which tend to the administration of the physical universe and the service of humankind. Some orders are associated with particular divine qualities - Seraphim with Love, Cherubim with Wisdom, Thrones with Judgment.
There's no reason to raise taxes. Taxes should be lower... The problem we have is that government spends too much, not that taxes are too low.
I'm always for lower taxes because lower taxes make people want to do things. Less burden, more fun, and economics is about people wanting to have fun. Growth is fun for people in the marketplace.
When a party can't think of anything else they always fall back on Lower Taxes. It has a magic sound to a voter, just like Fairyland is spoken of and dreamed of by all children. But no child has ever seen it; neither has any voter ever lived to see the day when his taxes were lowered. Presidents have been promising lower taxes since Washington crossed the Delaware by hand in a row boat. But our taxes have gotten bigger and their boats have gotten larger until now the President crosses the Delaware in his private yacht.
Politicians like to talk about the income tax when they talk about overtaxing the rich, but the income tax is just one part of the total tax system. There are sales taxes, Medicare taxes, social security taxes, unemployment taxes, gasoline taxes, excise taxes - and when you add up all of those taxes [many of which are quite regressive], and then you look at how they affect the rich and the poor, you essentially end up with a system in which the best off 20 percent of Americans pay one percentage point more of their income than the worst off 20 percent of Americans.
Our prosperity as a nation depends upon the personal financial prosperity of each of us as individuals.
Between income taxes and employment taxes, capital gains taxes, estate taxes, corporate taxes, property taxes, Social Security taxes, we're being taxed to death.
I'm not for no taxes. That would be an anarchist. I am for lower taxes.
What is most important for democracy is not that great fortunes should not exist, but that great fortunes should not remain in the same hands. In that way there are rich men, but they do not form a class.
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