Leave it to the market

Leave it to the market

Cry Wolf Quotes

Experience with a wartime excess profits tax indicates that it tends to encourage needless and wasteful expenditures. With government bearing 80 to 90 per cent of the cost of business operations, there is little incentive for a corporation to increase the efficiency of its organization.

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Walker Winter, of the U.S. Chamber of Commerce, Statement at the House Committee on Ways and Means.
02/05/1974 | Full Details | Law(s): Windfall Profits Tax

It is sickening to see the gutless minions of the news media siding with those few crybaby Americans who obviously are looking for a handout from the very hand that fed and clothed their families.

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William Pitts owner of the 80 year old Hermitage Mills, located in Camden South Carolina.

In considering a revision of estate taxes, there should be eliminated any question of levying the tax as a means of punishing wealth or as in some way for the social good of our civilization…The theory upon which this country was founded is equality of opportunity. So long as a man uses his abilities within the bounds of the moral sense of the community, monetary success is not a crime, but on the contrary adds to the total wealth of the country and to an increase in the standard of living as a whole.

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Andrew W. Mellon.
04/01/1924 | Full Details | Law(s): Tax: Estate

There is no such thing, biologically, socially or economically, as absolute security; but the greatest security comes from within the individual rather than from without and the Thames unduly to ensure, will so weaken the individual and cannot adapt circumstances and environment to himself, or himself to his surroundings.

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John C. Parker, President of the Brooklyn Edison Company.