1930s, Message to Congress on Tax Revision (1935)
Context: The desire to provide security for oneself and one's family is natural and wholesome, but it is adequately served by a reasonable inheritance. Great accumulations of wealth cannot be justified on the basis of personal and family security. In the last analysis such accumulations amount to the perpetuation of great and undesirable concentration of control in a relatively few individuals over the employment and welfare of many, many others.
“When citizens are relatively equal, politics has tended to be fairly democratic. When a few individuals hold enormous amounts of wealth, democracy suffers. The reason for this pattern is simple. Through campaign contributions, lobbying, influence over public discourse, and other means, wealth can be translated into political power. When wealth is highly concentrated—that is, when a few individuals have enormous amounts of money—political power tends to be highly concentrated, too. The wealthy few tend to rule. Average citizens lose political power. Democracy declines.”
Benjamin I. Page and Martin Gilens, Democracy in America?: What Has Gone Wrong and What We Can Do About It (University of Chicago Press: 2017), p. 19
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Professor of Decision Making 1939Related quotes
Article on Wealth
L'Encyclopédie (1751-1766)
Source: The Political Economy of International Relations (1987), Chapter One, Nature of Political Economy, p. 14
Column, April 12, 2001, "PACs and McCain-Feingold" http://townhall.com/columnists/georgewill/2001/04/12/pacs_and_mccain-feingold at townhall.com.
2000s
Benjamin I. Page and Martin Gilens, Democracy in America?: What Has Gone Wrong and What We Can Do About It (University of Chicago Press: 2017), p. 90
Chick tracts, " Holocaust http://www.chick.com/reading/tracts/0054/0054_01.asp" (1984)
Source: Freedom™ (2010), Chapter 5: Getting with the Program, Character: Laney Price
Context: You, sir, are walking on a privately owned Main Street—permission to trespass revocable at will. Read the plaque on the ground at the entrance if you don’t believe me. These people aren’t citizens of anything, Sergeant. America is just another brand purchased for its goodwill value. For that excellent fucking logo. … No conspiracy necessary. It’s a process that’s been happening for thousands of years. Wealth aggregates and becomes political power. Simple as that. ‘Corporation’ is just the most recent name for it. In the Middle Ages it was the Catholic Church. They had a great logo, too. You might have seen it, and they had more branches than Starbucks. Go back before that, and it was Imperial Rome. It’s a natural process as old as humanity.
1930s, Message to Congress on Tax Revision (1935)
Context: The Joint Legislative Committee, established by the Revenue Act of 1926, has been particularly helpful to the Treasury Department. The members of that Committee have generously consulted with administrative officials, not only on broad questions of policy but on important and difficult tax cases. On the basis of these studies and of other studies conducted by officials of the Treasury, I am able to make a number of suggestions of important changes in our policy of taxation. These are based on the broad principle that if a government is to be prudent its taxes must produce ample revenues without discouraging enterprise; and if it is to be just it must distribute the burden of taxes equitably. I do not believe that our present system of taxation completely meets this test. Our revenue laws have operated in many ways to the unfair advantage of the few, and they have done little to prevent an unjust concentration of wealth and economic power.
Source: The Modern Corporation and Private Property. 1932/1967, p. 2 (1967, p. 4)
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