“No country can squander itself to prosperity on the ruin of its taxpayers.”

The Hoover Policies (1937)

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Herbert Hoover 64
31st President of the United States of America 1874–1964

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“No country can long endure if its foundations are not laid deep in the material prosperity”

1900s, The Strenuous Life: Essays and Addresses (1900), The Strenuous Life
Context: No country can long endure if its foundations are not laid deep in the material prosperity which comes from thrift, from business energy and enterprise, from hard, unsparing effort in the fields of industrial activity; but neither was any nation ever yet truly great if it relied upon material prosperity alone. All honor must be paid to the architects of our material prosperity, to the great captains of industry who have built our factories and our railroads, to the strong men who toil for wealth with brain or hand; for great is the debt of the nation to these and their kind. But our debt is yet greater to the men whose highest type is to be found in a statesman like Lincoln, a soldier like Grant. They showed by their lives that they recognized the law of work, the law of strife; they toiled to win a competence for themselves and those dependent upon them; but they recognized that there were yet other and even loftier duties—duties to the nation and duties to the race. We cannot sit huddled within our own borders and avow ourselves merely an assemblage of well-to-do hucksters who care nothing for what happens beyond. Such a policy would defeat even its own end; for as the nations grow to have ever wider and wider interests, and are brought into closer and closer contact, if we are to hold our own in the struggle for naval and commercial supremacy, we must build up our power without our own borders. We must build the Isthmian Canal, and we must grasp the points of vantage which will enable us to have our say in deciding the destiny of the oceans of the East and the West.

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“No country can afford to have its prosperity originated by a small controlling class.”

Woodrow Wilson (1856–1924) American politician, 28th president of the United States (in office from 1913 to 1921)

Section I: “The Old Order Changeth”, p. 17 http://books.google.com/books?id=MW8SAAAAIAAJ&pg=PA17&dq=%22No+country+can+afford%22
1910s, The New Freedom (1913)
Context: No country can afford to have its prosperity originated by a small controlling class. The treasury of America lies in those ambitions, those energies, that cannot be restricted to a special favored class. It depends upon the inventions of unknown men, upon the originations of unknown men, upon the ambitions of unknown men. Every country is renewed out of the ranks of the unknown, not out of the ranks of those already famous and powerful and in control.

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“This government thinks that somehow you can build prosperity with new taxes. No country ever got rich by increasing taxation. No country ever built a strong economy by clobbering itself with tax after tax after tax.”

Tony Abbott (1957) Australian politician

Quoted in "Fact file: What Tony Abbott promised on tax" http://www.abc.net.au/news/2014-05-01/fact-file-what-tony-abbott-promised-on-tax/5420226 ABC News, July 23, 2014.
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“If we abide by the principles taught in the Bible, our country will go on prospering and to prosper; but if we and our posterity neglect its instructions and authority, no man can tell how sudden a catastrophe may overwhelm us and bury all our glory in profound obscurity.”

Daniel Webster (1782–1852) Leading American senator and statesman. January 18, 1782 – October 24, 1852. Served as the Secretary of Sta…

First reported in the Annual Report of the Massachusetts Bible Society (1870), p. 27. This is actually a misquote combining phrases from different lines in an address delivered by Webster to the New York Historical Society on February 23, 1852.
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“The idea that a nation can tax itself into prosperity is one of the cruelest delusions which has befuddled the human mind.”

Winston S. Churchill (1874–1965) Prime Minister of the United Kingdom

A misquotation by Ronald Reagan in a 9 March 1982 speech, reported in Paul F. Boller, Jr., and John George, They Never Said It: A Book of Fake Quotes, Misquotes, & Misleading Attributions (1989), p. 13-14. In fact, Churchill used a very similar line ("To think you can make a man richer by putting on a tax is like a man think­ing that he can stand in a bucket and lift him­self up by the han­dle.") several times beginning with a speech at Free Trade Hall, Man­ches­ter, 19 Feb­ru­ary 1904.
Misattributed

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