Andrew Mellon Famous Quotes
Reading Andrew Mellon quotes, download and share images of famous quotes by Andrew Mellon. Righ click to see or save pictures of Andrew Mellon quotes that you can use as your wallpaper for free.
Prosperity of the middling and lower orders depends upon the fortunes and light taxes of the rich.
Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.
Strong men have sound ideas and the force to make these ideas effective.
There is no cause to worry. The high tide of prosperity will continue.
A bonus or subsidy can be paid only by taking money out of the pockets of all the people in order that it shall find its way back into the pockets of some of the people.
A nation is not in danger of financial disaster merely because it owes itself money.
I see nothing in the present situation that is either menacing or warrants pessimism.
The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income. The result is that the sources of taxation are drying up; wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the Government nor profit to the people.
If the spirit of business adventure is dulled, this country will cease to hold the foremost position in the world.
Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.
A moment's reflection will convince any one that prosperity cannot come from continued plunging into debt.
The Government's business is in sound condition.
