“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

—  Winston S. Churchill

Variant: We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.

Last update June 3, 2021. History

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Winston S. Churchill photo
Winston S. Churchill 601
Prime Minister of the United Kingdom 1874–1965

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“The doc­trines that by keep­ing out for­eign goods more wealth, and con­se­quently more employ­ment, will be cre­ated at home, are either true or they are not true. We con­tend that they are not true. We con­tend that for a nation to try to tax itself into pros­per­ity is like a man stand­ing in a bucket and try­ing to lift him­self up by the han­dle.”

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

From "Why I am a Free Trader" (1905), Churchill revised this several times, the earliest recorded version coming from the speech "For Free Trade" at the Free Trade Hall, Manchester, 19 Feb­ru­ary 1904:
It is the the­ory of the Pro­tec­tion­ist that imports are an evil. He thinks that if you shut out the for­eign imported man­u­fac­tured goods you will make these goods your­selves, in addi­tion to the goods which you make now, includ­ing those goods which we make to exchange for the for­eign goods that come in. If a man can believe that he can believe any­thing. (Laugh­ter.) We Free-traders say it is not true. 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. (Laugh­ter and cheers.)
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Source: [Churchill, Winston, Stead, W.T., Coming Men on Coming Questions, 13 April 1905, Chapter 1: Why I am a Free Trader, https://archive.org/details/comingmenoncomin00stea]
Source: [Churchill, Winston, Rhodes James, Robert, Winston S. Churchill: His Complete Speeches 1897-1963, Chelsea House Publishers / R.R. Bowker Company, 1974, 0835206939]

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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.
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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.”

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