Wednesday, March 18, 2009

Quote of the Day

Several quotes on taxation and spending:

"We are all doubtless bound to contribute a certain portion of our income to the support of charitable and other useful public institutions. But it is a part of our duty also to apply our contributions in the most effectual way we can to secure this object. The question then is whether this will not be better done by each of us appropriating our whole contribution to the institutions within our reach, under our own eye, and over which we can exercise some useful control? Or would it be better that each should divide the sum he can spare among all the institutions of his State or the United States? Reason and the interest of these institutions themselves, certainly decide in favor of the former practice." ~ Thomas Jefferson

"When more of the people's sustenance is exacted through the form of taxation than is necessary to meet the just obligations of government, such exaction becomes ruthless extortion and a violation of the fundamental principles of a free government." ~ Grover Cleveland

"The collection of taxes which are not absolutely required, which do not beyond reasonable doubt contribute to the public welfare, is only a species of legalized larceny. The wise and correct course to follow in taxation is not to destroy those who have already secured success, but to create conditions under which everyone will have a better chance to be successful." ~ Calvin Coolidge

"Who could impose such socialistic confiscatory rates?" ~ William F. Borah in denying the possibility that income tax could ever exceed 9%

1 comment:

Tim Higgins said...

Maggie,

The latest actions and outbursts by our President and Congress led me to a quote by this author, that I know you are familiar with.

"He attacked everything in life with a mix of extraordinary genius and naive incompetence, and it was often difficult to tell which was which."
- Douglas Adams

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