Looking at the subject, therefore, solely from the standpoint of Government revenues, lower surtax rates are essential. If we consider, however, the far more important subject of the effect of the present high surtax rates on the development and prosperity of our country, then the necessity for a change is more apparent. The most note worthy characteristic of the American people is their initiative. It is this spirit which has developed America, and it was the same spirit in our soldiers which made our armies successful abroad. If the spirit of business adventure is killed, this country will cease to hold the foremost position in the world. And yet it is this very spirit which excessive [income] surtaxes are now destroying. Any one at all in touch with affairs knows of his own knowledge of buildings which have not been built, of businesses which have not been started, and of new projects which have been abandoned, all for the one reason high surtaxes. If failure attends, the loss is borne exclusively by the adventurer, but if success ensues, the Government takes more than half of the profits. People argue the risk is not worth the return. TAXATION:THE PEOPLE'S BUSINESS ANDREW W. MELLON New York THE MACMILLAN COMPANY 1924 pp18-19
Liberals have just been changing their name for over a century they support Slavery in any form and really do not care who is the slave class or masters as long as it is supported by government and we are told it is for the collectives own good.
sfrytz is 100% correct. The newest slave class are the illegal immigrants. They are exploited on a massive scale, and therefore are viewed by liberals as future democrats... If liberals can get them the vote while maintaining them as oppressed they think things would be great!!
PLEASE PLEASE PLEASE make more of these!!!!
ReplyDeleteLooking at the subject, therefore, solely from the standpoint of Government revenues, lower surtax rates are essential. If we consider, however, the far more important subject of the effect of the present high surtax rates on the development and prosperity of our country, then the necessity for a change is more apparent. The most note worthy characteristic of the American people is their initiative. It is this spirit which has developed America, and it was the same spirit in our soldiers which made our armies successful abroad. If the spirit of business adventure is killed, this country will cease to hold the foremost position in the world. And yet it is this very spirit which excessive [income] surtaxes are now destroying. Any one at all in touch with affairs knows of his own knowledge of buildings which have not been built, of businesses which have not been started, and of new projects which have been abandoned, all for the one reason high surtaxes. If failure attends, the loss is borne exclusively by the adventurer, but if success ensues, the Government takes more than half of the profits. People argue the risk is not worth the return.
ReplyDeleteTAXATION:THE PEOPLE'S BUSINESS
ANDREW W. MELLON
New York
THE MACMILLAN COMPANY
1924
pp18-19
Liberals have just been changing their name for over a century they support Slavery in any form and really do not care who is the slave class or masters as long as it is supported by government and we are told it is for the collectives own good.
ReplyDelete"A good government is one that trickles on us all"
ReplyDeleteLOL!!! Nice...
sfrytz is 100% correct. The newest slave class are the illegal immigrants. They are exploited on a massive scale, and therefore are viewed by liberals as future democrats... If liberals can get them the vote while maintaining them as oppressed they think things would be great!!
ReplyDelete