A Quote by Heather Cox Richardson

Republicans who controlled the government in the 1920s insisted that national prosperity depended on government protection of the rich, who they believed would plow their capital back into the economy to provide jobs and higher wages for workers.

Heather Cox Richardson

Quote Topics

Back Believed Capital Controlled Depended Economy Government Higher Insisted Jobs National Plow Prosperity Protection Provide Republicans Rich Wages Workers Would

Quote Author

Heather Cox Richardson
American - Historian

The Tax Cuts and Jobs Acts slashes taxes on the very wealthy and kills regulations with the idea that rich businessmen will invest their money into the economy to support workers - the same idea that Republicans embraced in the 1920s.

Heather Cox Richardson

Abraham Lincoln and others recoiled from the idea of government as a prop for the rich. In organizing the Republican Party, they highlighted the equality of opportunity promised in the Declaration of Independence and warned that a healthy economy depended on widespread prosperity.

Heather Cox Richardson

Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.

Christina Romer

Republicans controlled the federal government for decades after the Civil War, and their policies funneled wealth upward -- with dire consequences. In 1893, the economy crashed, and too few Americans had enough purchasing power to revive it. Lincoln had been right: Government that served the wealthy would ruin the country.

Heather Cox Richardson

The government can't create jobs; they'll destroy jobs trying to do it. The government doesn't have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy.

Peter Schiff

According to government auditors, the stimulus money is being held up because there aren't enough government workers to oversee the spending. So follow me, in other words, government workers who aren't there are needed to spend money we don't have to create jobs that don't exist.

Jay Leno

Government 'help' to business is just as disastrous as government persecution... the only way a government can be of service to national prosperity is by keeping its hands off.

Ayn Rand

If you look at the fact that the best chance we have for a good economy is the private sector. The government cannot create jobs. If the government could create jobs, then Communism would have worked. But didn't work. So what we have to do is allow the private sector and the entrepreneurial spirit to lead us back to a job-filled recovery.

Tim Scott

Government is instituted for the common good; for the protection, safety, prosperity, and happiness of the people; and not for profit, honor, or private interest of any one man, family, or class of men; therefore, the people alone have an incontestable, unalienable, and indefeasible right to institute government; and to reform, alter, or totally change the same, when their protection, safety, prosperity, and happiness require it.

John Adams

I have had the view that cutting wages is not the path to prosperity, and one of the great myths propagated about my attitude to industrial relations is that I believe in lower wages. I've never believed in lower wages. Never. Never believed in lower wages, I've never believed in lower wages as an economic instrument.

John Howard

All the things I used to count on to get my music out there - record companies, they're all gone. And radio stations, they're gone - they're completely controlled by the government. If they're not controlled by the government, they're controlled by a programmer who's controlled by the government. Mainstream radio is suspect. You can't trust it.

Neil Young

We have a theory on how to constrain the size of government, but it has to be focused on how to make the U.S. competitive, and it has to be about jobs and wages for American workers.

Brian Deese

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.

Ludwig von Mises

I've voted for Republicans who were strong on defense, who believed in a free and open economy but who also understood that there's a place for government in our lives, that government has a responsibility to those of our citizens who are in need and those of our citizens who are needy of health care.

Colin Powell

A criminal is a person with predatory instincts who has not sufficient capital to form a corporation.Most government is by the rich for the rich. Government comprises a large part of the organized injustice in any society, ancient or modern.Civil government, insofar as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, and for the defence of those who have property against those who have none.