Leave it to the market

Leave it to the market

Cry Wolf Quotes

We believe that a tax system designed to penalize the small group of wealthy individuals for the benefit of the others injures all groups by diminishing the incentive to productive effort, thereby reducing the total output available for distribution, which really constitutes the national income. … We oppose this Federal tax program on the ground that high estate and inheritance taxes tend to dissipate the aggregations of wealth on which industry depends for its capital and on which the government depends for a substantial part of its revenue under the present income taxes.

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Guarantee Trust Company of New York, New York Times.
07/29/1935 | Full Details | Law(s): Tax: Estate

Meat canned five years ago is just as good as meat canned six months ago….Of course [putting the date on a can] benefits nobody if the meat is just as good with age, like whisky is said to be, as it is without.

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Judge Samuel H. Cowan, attorney for the Texas Cattle Raisers Association and the American National Live Stock Association. Testimony, House Committee on Agriculture.

By mandating an even higher minimum, the living wage prices even more people out of work. The people who push these cockamamie ideas never seem to ask why any employer would hire someone at $8.23 if that person's services are only valued in the marketplace at, say, $5.00.

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Lawrence W. Reed. Mackinac Center for Public Policy.
05/03/1999 | Full Details | Law(s): Living Wage

…the chamber remains committed to sound policies that will improve the economy and promote employment. We also remain committed to promoting the solvency of the States’ beleaguered unemployment insurance fund….First, the problem of lack of health insurance for the unemployed will abate as the economy continues to improve and unemployment is reduced. A continuation of the trend toward a reduction in taxation, regulation, and interest rates will help to achieve the dual goal of fuller employment and protection against health care costs.

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Jan Peter Ozga, Director of Health Care, U.S. Chamber of Commerce, Testimony, Senate Finance Committee.
04/21/1983 | Full Details | Law(s): COBRA