„There is no such thing as public money; there is only taxpayers’ money.“

Speech to Conservative Party Conference (14 October 1983) http://www.margaretthatcher.org/document/105454
Second term as Prime Minister
Context: Let us never forget this fundamental truth: the State has no source of money other than money which people earn themselves. If the State wishes to spend more it can do so only by borrowing your savings or by taxing you more. It is no good thinking that someone else will pay – that ‘someone else’ is you. There is no such thing as public money; there is only taxpayers’ money.

Adopted from Wikiquote. Last update June 3, 2021. History
Margaret Thatcher photo
Margaret Thatcher348
British stateswoman and politician 1925 - 2013

Related quotes

Paul Wolfowitz photo
Christopher Monckton photo

„The Scots are subsidy junkies whingeing like a trampled bagpipe as they wait for their next fix of English taxpayers' money.“

—  Christopher Monckton British public speaker and hereditary peer 1952

Angus McLeod. Christopher Monckton and his support for subsidies to Scotland, Sunday Mail, April 16, 1995.

George W. Bush photo

„I made it very clear to the Congress that the use of federal money, taxpayers' money to promote science which destroys life in order to save life is — I'm against that. And therefore, if the bill does that, I will veto it.“

—  George W. Bush 43rd President of the United States 1946

emphasis added
http://aolsvc.news.aol.com/news/article.adp?id=20050519182609990007&ncid=NWS00010000000001 AP, 21 May 2005
2000s, 2005

Haruki Murakami photo
Chester A. Arthur photo

„The extravagant expenditure of public money is an evil not to be measured by the value of that money to the people who are taxed for it.“

—  Chester A. Arthur American politician, 21st President of the United States (in office from 1881 to 1885) 1829 - 1886

Veto message of Rivers and Harbor Bill (1882).

Thomas Jefferson photo

„Paper is poverty,… it is only the ghost of money, and not money itself.“

—  Thomas Jefferson 3rd President of the United States of America 1743 - 1826

Letter to Colonel Edward Carrington (27 May 1788) ME 7:36

Edmund Waller photo

„We give public money, and must see that it goes to public use. Tell your money, fix it to public ends, and take order against occasions of this nature for the future.“

—  Edmund Waller English poet and politician 1606 - 1687

Speech in parliament (19 October 1675) http://www.british-history.ac.uk/report.asp?compid=40374.
Context: The King governs by Law. Let us look back to the evils we had, in order to prevent more. There was loan, and ship-money, and extremes begat extremes. The House would then give no money. Let the King rely upon the Parliament; we have settled the Crown and the Government. 'Tis strange that we have sat so many years, and given so much money, and are still called upon for Supply. The Lords may give Supply with their own money, but we give the peoples; we are their proxies. The King takes his measures by the Parliament, and he doubts not but that all the Commons will supply for the Government; but giving at this rate that we have done, we shall be "a branch of the revenue." They will "anticipate" us too. But, let the officers say what they will, we will not make these mismanagements the King's error. 'Tis better it should fall upon us than the King. We give public money, and must see that it goes to public use. Tell your money, fix it to public ends, and take order against occasions of this nature for the future. We cannot live at the expence of Spain, that has the Indies; or France, who has so many millions of revenue. Let us look to our Government, Fleet, and Trade. 'Tis the advice that the oldest Parliament-man among you can give you; and so, God bless you!

Charles Bukowski photo

„There are only two things wrong with money: too much or too little.“

—  Charles Bukowski American writer 1920 - 1994

Source: The Captain is Out to Lunch and the Sailors Have Taken Over the Ship

Terry Pratchett photo
Artemus Ward photo
George Savile, 1st Marquess of Halifax photo

„They who are of opinion that Money will do every thing, may very well be suspected to do every thing for Money.“

—  George Savile, 1st Marquess of Halifax English politician 1633 - 1695

Political, Moral, and Miscellaneous Reflections (1750), Moral Thoughts and Reflections

Mahatma Gandhi photo

„I had learnt at the onset not to carry on public work with borrowed money.“

—  Mahatma Gandhi pre-eminent leader of Indian nationalism during British-ruled India 1869 - 1948

Part II, Chapter 19, Natal Indian Congress
1920s, An Autobiography (1927)

Edwin Lefèvre photo
John Morley, 1st Viscount Morley of Blackburn photo

„In my creed, waste of public money is like the sin against the Holy Ghost.“

—  John Morley, 1st Viscount Morley of Blackburn British Liberal statesman, writer and newspaper editor 1838 - 1923

Vol. II, bk. 5, ch. 3.
Recollections (1917)

Henry Miller photo
Henry Ford photo

„Money is only a tool in business.“

—  Henry Ford, book My Life and Work

Source: My Life and Work (1922), p. 157
Context: Money is only a tool in business. It is just a part of the machinery. You might as well borrow 100,000 lathes as $100,000 if the trouble is inside your business. More lathes will not cure it; neither will more money. Only heavier doses of brains and thought and wise courage can cure. A business that misuses what it has will continue to misuse what it can get.

Oswald Spengler photo

„If by "democracy" we mean the form which the Third Estate as such wishes to impart to public life as a whole, it must be concluded that democracy and plutocracy are the same thing under the two aspects of wish and actuality, theory and practice, knowing and doing. It is the tragic comedy of the world‑ improvers' and freedom‑ teachers' desperate fight against money that they are ipso facto assisting money to be effective. Respect for the big number—expressed in the principles of equality for all, natural rights, and universal suffrage—is just as much a class‑ ideal of the unclassed as freedom of public opinion (and more particularly freedom of the press) is so. These are ideals, but in actuality the freedom of public opinion involves the preparation of public opinion, which costs money; and the freedom of the press brings with it the question of possession of the press, which again is a matter of money; and with the franchise comes electioneering, in which he who pays the piper calls the tune. The representatives of the ideas look at one side only, while the representatives of money operate with the other. The concepts of Liberalism and Socialism are set in effective motion only by money. … There is no proletarian, not even a Communist movement, that has not operated in the interests of money, and for the time being permitted by money—and that without the idealists among its leaders having the slightest suspicion of the fact.“

—  Oswald Spengler, book The Decline of the West

Source: Vol. II, Alfred A. Knopf, 1928, pp. 401–02 https://archive.org/details/in.ernet.dli.2015.49906/page/n893/mode/2up
Der Untergang des Abendlandes, Welthistorische Perspektiven (1922)
The Decline of the West (1918, 1923)

Alexis De Tocqueville photo

„The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.“

—  Alexis De Tocqueville French political thinker and historian 1805 - 1859

This is a variant expression of a sentiment which is often attributed to Tocqueville or Alexander Fraser Tytler, but the earliest known occurrence is as an unsourced attribution to Tytler in "This is the Hard Core of Freedom" by Elmer T. Peterson in The Daily Oklahoman (9 December 1951): "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy."
Variant: The American Republic will endure, until politicians realize they can bribe the people with their own money.

George Orwell photo
Daniel Handler photo

Related topics