“The Budget…is introduced not merely for the purpose of raising barren taxes, but taxes that are fertile, taxes that will bring forth fruit—the security of the country which is paramount in the minds of all. The provision for the aged and deserving poor—was it not time something was done? It is rather a shame for a rich country like ours—probably the richest in the world, if not the richest the world has ever seen—should allow those who have toiled all their days to end in penury and possibly starvation. It is rather hard that an old workman should have to find his way to the gates of the tomb, bleeding and footsore, through the brambles and thorns of poverty. We cut a new path for him—an easier one, a pleasanter one, through fields of waving corn. We are raising money to pay for the new road—aye, and to widen it, so that 200,000 paupers shall be able to join in the march. There are so many in the country blessed by Providence with great wealth, and if there are amongst them men who grudge out of their riches a fair contribution towards the less fortunate of their fellow-countrymen they are very shabby rich men.”

— David Lloyd George

Speech in Limehouse, East London (30 July 1909), quoted in Better Times: Speeches by the Right Hon. D. Lloyd George, M.P., Chancellor of the Exchequer (London: Hodder & Stoughton, 1910), p. 145.
Chancellor of the Exchequer

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David Lloyd George172

Former Prime Minister of the United Kingdom 1863–1945

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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

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“Such taxes [upon the necessaries of life], when they have grown up to a certain height, are a curse equal to the barrenness of the earth and the inclemency of the heavens; and yet it is in the richest and most industrious countries that they have been most generally imposed. No other countries could support so great a disorder.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book IV, Chapter II, paragraph 36, p. 500.

“Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance our budget just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

“Warren Buffett, one of the richest guys in the world, openly admits that his effective tax rate is lower than his secretary's. It's time to tell the billionaire class that if they want to enjoy the benefits of America, they have to accept their responsibilities, and they have to start paying their fair share of taxes.”

Bernie Sanders (1941) American politician, senator for Vermont

Late Night with Seth Meyers, (2 June 2015)
2010s, 2015

“[E]very soak-the-rich tax must become in time a soak-the-poor tax.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: Fugitive Essays: Selected Writings of Frank Chodorov (1980), p. 272

“The rich have grown richer, but their tax rate has declined. The poor have grown poorer, but their taxes have increased.”

Michael Parenti (1933) American academic

Source: Democracy for the Few (2010 [1974]), sixth edition, Chapter 6, p. 81

“…this Budget represents a continuation of the policies which we have pursued consistently for nearly nine years, and which we will continue to pursue—a continuation of the steps that we have taken in nine previous Budgets, and of the major reforms that we have introduced in other fields, too, all of them designed to encourage and reward enterprise and so to liberate the energies of the British people. The tax changes in this Budget consolidate Britain's move from a high-tax country to a low-tax country, at all levels. Since 1979, the top rate of income tax has been cut from 83 per cent. to 40 per cent. The basic rate has been cut from 33 per cent. to 25 per cent. The corporation tax rate has been cut from 52 per cent. to 35 per cent. The small companies' rate has been cut from 42 per cent. to 25 per cent., and the 15 per cent. additional tax on savings income has been abolished altogether.”

Nigel Lawson (1932) British Conservative politician and journalist

Speech http://hansard.millbanksystems.com/commons/1988/mar/21/budget-resolutions-and-economic-situation in the House of Commons (21 March 1988)

“No free country will ever again have anything like the 90 percent tax rates that we had in this country. Past a certain point, high marginal tax rates are, indeed, terribly destructive.”

Lawrence H. Summers (1954) Former US Secretary of the Treasury

David Wessel, The Wall Street Journal (April 5, 1998) "Rich now pay more in taxes", Mobile Register, p. F1.
1990s

“Even though Finland is one of the richest countries in the world, the people is largely poor and low-income.”

Veikko Vennamo (1913–1997) Finnish politician

“A tax cut means higher family income and higher business profits and a balanced federal budget…. As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: "Radio and Television Address to the Nation on the Test Ban Treaty and the Tax Reduction Bill" (18 September 1963) http://www.presidency.ucsb.edu/ws/?pid=9413

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David Lloyd George172

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