Quotes about revenue (173 quotes, page 2)

“O immortal gods! Men do not realize how great a revenue parsimony can be!”
O di immortales! non intellegunt homines, quam magnum vectigal sit parsimonia.

Marcus Tullius Cicero book Paradoxa Stoicorum

Paradoxa Stoicorum; Paradox VI, 49

Men , God

“The foolishness of the great and the wealthy is an excellent source of revenue for the humble.”

Antoine François Prévost (1697–1763) French novelist

C'est un fonds excellent de revenu pour les petits, que la sottise des riches et des grands.
Part 1, p. 83; translation p. 38.
L'Histoire du chevalier des Grieux et de Manon Lescaut (1731)

“The success with which we have met in all of these undertakings is a matter of universal knowledge. We are at peace with all the world. Those of this generation who passed through the World War have had an experience which will always cause them to realize what an infinite blessing peace is. We are in an era of unbounded prosperity. The financial condition of our National Government is beginning to be more easy to be borne. While many other nations and many localities within our own country are struggling with a burden of increased debts and rising taxes, which makes them seek for new sources from which by further taxation they can secure new revenues, we have made large progress toward paying off our national debt, have greatly reduced our national taxes, and been able to relieve the people by abandoning altogether many sources of national revenue. We are not required to look altogether to the future for our rewards and find in our lot nothing but sacrifices for the present. Now, here, to-day, we are all able to enjoy those benefits which come from universal peace and nation-wide prosperity.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Ways to Peace (1926)

War , People , World , Peace

“Taxes. Everyone desires a reduction of taxes, and there is a great preponderance of sentiment in favor of taxation reform. When I approved the present tax law, I stated publicly that I did so in spite of certain provisions which I believed unwise and harmful. One of the most glaring of these was the making public of the amounts assessed against different income-tax payers. Although that damage has now been done, I believe its continuation to be detrimental To the public welfare and bound to decrease public revenues, so that it ought to be repealed.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Second State of the Union Address (1924)

Law

“Reflect how you are to govern a people who think they ought to be free, and think they are not. Your scheme yields no revenue; it yields nothing but discontent, disorder, disobedience; and such is the state of America, that after wading up to your eyes in blood, you could only end just where you begun; that is, to tax where no revenue is to be found, to — my voice fails me; my inclination indeed carries me no farther — all is confusion beyond it.”

Edmund Burke (1729–1797) Anglo-Irish statesman

First Speech on the Conciliation with America (1774)

People , Thinking

“No man could have written from memory Mr. Otis’s argument of four or five hours, against the acts of trade, as revenue laws, and against writs of assistance, as a tyrannical engine to execute them, the next day after it was spoken. How awkward, then, would be an attempt to do it after a lapse of fifty-seven years! Nevertheless, some of the heads of his discourse are so indelibly imprinted on my mind, that I will endeavor to give you some very short hints of them.”

John Adams (1735–1826) 2nd President of the United States

1810s, Letter to William Tudor (1818)

Law , Memory

“If any person had told the Parliament which met in terror and perplexity after the crash of 1720 that in 1830 the wealth of England would surpass all their wildest dreams, that the annual revenue would equal the principal of that debt which they considered an intolerable burden, that for one man of £10,000 then living there would be five men of £50,000, that London would be twice as large and twice as populous, and that nevertheless the rate of mortality would have diminished to one half of what it then was, that the post-office would bring more into the exchequer than the excise and customs had brought in together under Charles II, that stage coaches would run from London to York in 24 hours, that men would be in the habit of sailing without wind, and would be beginning to ride without horses, our ancestors would have given as much credit to the prediction as they gave to Gulliver's Travels.”

Thomas Babington Macaulay, 1st Baron Macaulay (1800–1859) British historian and Whig politician

From Edinburgh Review, 1830
Attributed

Men , Dreams , Travel , Horse

“The founders of the English laws have with excellent forecast contrived, that no man should be called to answer to the king for any capital crime, unless upon the preparatory accusation of twelve or more of his fellow subjects, the grand jury: and that the truth of every accusation, whether preferred in the shape of indictment, information, or appeal, should afterwards be confirmed by the unanimous suffrage of twelve of his equals and neighbours, indifferently chosen, and superior to all suspicion. So that the liberties of England cannot but subsist, so long as this palladium remains sacred and inviolate, not only from all open attacks, (which none will be so hardy as to make) but also from all secret machinations, which may sap and undermine it; by introducing new and arbitrary methods of trial, by justices of the peace, commissioners of the revenue, and courts of conscience. And however convenient these may appear at first, (as doubtless all arbitrary powers, well executed, are the most convenient) yet let it be again remembered, that delays, and little inconveniences in the forms of justice, are the price that all free nations must pay for their liberty in more substantial matters; that these inroads upon this sacred bulwark of the nation are fundamentally opposite to the spirit of our constitution; and that, though begun in trifles, the precedent may gradually increase and spread, to the utter disuse of juries in questions of the most momentous concern.”

William Blackstone book Commentaries on the Laws of England

Book IV, ch. 27 http://avalon.law.yale.edu/18th_century/blackstone_bk4ch27.asp: Of Trial, And Conviction.
Commentaries on the Laws of England (1765–1769)

Truth , Secret , Peace , Justice

“First, on my list would be Good Governance. We must repair our house. Many of our institutions have been severely weakened. The trust and faith in the fairness of such critical institutions as the Comelec, the Dept. of Justice, the AFP-ISAPH, the PNP, the Sandigan aside from the chronically corrupt Bureau of Customs and the Bureau of Internal Revenue.”

Francis Escudero (1969) Filipino politician

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

Faith , Justice , Housing

“"Be in high-growth markets." In the old economic order, in the age of market share, volume growth was a guarantor of success. Growth was what we were taught to pursue. It created higher profits for all, including market share laggards, companies with poor business designs, and companies that were poorly managed. A rising tide raised all boats. One manager articulated the classic view: "There are no management problems that volume growth can't solve. Even if we manage poorly, rising revenue helps cover the mistakes we made."”

Adrian Slywotzky (1951) American economist

Source: The Profit Zone (2007), p. 5.

Age , Business , Problem , Success

“According to our investigation, this emphasis on revenue generation through policing has fostered unconstitutional practices – or practices that contribute to constitutional violations – at nearly every level of Ferguson’s law enforcement system. Ferguson police officers issued nearly 50 percent more citations in the last year than they did in 2010 – an increase that has not been driven, or even accompanied, by a rise in crime.”

Eric Holder (1951) 82nd Attorney General of the United States

2010s, Update on Investigations in Ferguson (2015)

Law

“As far as the Cluniacs and the Cistercians are concerned, what follows is a fair appraisal of the two orders. Give the Cluniacs today a tract of land covered with marvellous buildings, endow them with ample revenues and enrich the place with vast possessions: before you can turn round it will all be ruined and reduced to poverty. On the other hand, settle the Cistercians in some barren retreat which is hidden away in an overgrown forest: a year or two later you will find splendid churches there and fine monastic buildings, with a great amount of property and all the wealth you can imagine.”
De duobus tamen ordinibus istis, Cluniacensi scilicet et Cisterciensi, hoc compertum habeas. Locum aedificiis egregie constructum, redditibus amplis et possessionibus locupletatum, istis hodie tradas; inopem in brevi destructumque videbis. Illis e diverso eremum nudam, et hispidam silvam assignes: intra paucos postmodum annos, non solum ecclesias et aedes insignes, verum etiam possessionum copias, et opulentias multas ibidem invenies.

Gerald of Wales (1146) Medieval clergyman and historian

Book 1, chapter 3, pp. 105-6.
Itinerarium Cambriae (The Journey Through Wales) (1191)

Imagination , Wealth

“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

Family , Way , Business

“Revenue and cost have to be in the right relation to each other.”

Helmut Kohl (1930–2017) former chancellor of West Germany (1982-1990) and then the united Germany (1990-1998)

Erträge und Kosten müssen im richtigen Verhältnis zueinander stehen.
In a speech in Düsseldorf in 1986

“A balanced-budget requirement implies is that government has the constitutional right to spend as much as it takes in; that government is permitted to waste however much revenue it can extract from wealth producers, and that the bums must merely bring into balance what was stolen (taxes) with what is squandered (spending).”

Ilana Mercer South African writer

“Rand Paul: Action Hero, Or Political Performance Artist?” http://www.ilanamercer.com/phprunner/public_article_list_view.php?editid1=700 WorldNetDaily.com, March 1, 2013.
2010s, 2013

Wealth

“Firoz Tughlaq had issued an order that whichever places were sacked, in them the captives should be sorted out and the best ones should be forwarded to the court. His acquisition of slaves was accomplished through various ways - capture in war, in lieu of revenue and as present from nobles.113 Soon he was enabled to collect 180,000 slaves.”

Firuz Shah Tughlaq (1309–1388) Tughluq sultan

Lal, K. S. (1992). The legacy of Muslim rule in India. New Delhi: Aditya Prakashan. Chapter 7

War , Way

“Muslims had destroyed and looted the temples. The British did not do that but they took over a good deal of the temple lands as a 'revenue measure'; they did not use the word 'confiscation' and, in fact, converted some of these lands into 'monetary remuneration'. As a result, according to the Government of India's own comprehensive study beginning in 1962 and lasting for over ten years, the ten thousand five hundred and odd temples of Tamilnadu have a total annual income of only rupees twenty-seven million, from all their moveable and immoveable properties I Over 5,000 temples have only an annual income of Rs.500/- each! There is almost no money for the pujas, and the priests also hardly get anything. The only people who get proper remunerations are the Government functionaries employed to overseer the working of the temples. The 14,000 priests in Madhya Pradesh got five naya paisa per month at the time of Independence; now they get six naya paisa according to the Madhya Pradesh Pujaris Mahasangh!”

Ram Swarup (1920–1998) Indian historian

Hindu View of Christianity and Islam (1992)

Money , People , Study , Time

“At first glance they [his Bedu companions] seemed to be little better than savages, as primitive as the Danakil, but I was soon disconcerted to discover that, while they were prepared to tolerate me as a source of very welcome revenue, they never doubted my inferiority. They were Muslims and Bedu and I was neither. They had never heard of the English, for all Europeans were known to them simply as Christians, or more probably infidels, and nationality had no meaning to them. They had heard vaguely of the war as a war between the Christians, and of the Aden government as a Christian government. Their world was the desert and they had little if any interest in events that happened outside it.”

Wilfred Thesiger book Arabian Sands

Source: Arabian Sands (1959), p. 36.

War , World

“The principal and primary function of banks is to serve as an intermediary in the making of payments. In doing so they transform inactive money capital into active capital, that is, into capital producing a profit; they collect all kinds of money revenues and place them at the disposal of the capitalist class.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Two

Money

“Anybody can reduce taxes, but it is not so easy to stand in the gap and resist the passage of increasing appropriation bills which would make tax reduction impossible. It will be very easy to measure the strength of the attachment to reduced taxation by the power with which increased appropriations are resisted. If at the close of the present session the Congress has kept within the budget which I propose to present, it will then be possible to have a moderate amount of tax reduction and all the tax reform that the Congress may wish for during the next fiscal year. The country is now feeling the direct stimulus which came from the passage of the last revenue bill, and under the assurance of a reasonable system of taxation there is every prospect of an era of prosperity of unprecedented proportions. But it would be idle to expect any such results unless business can continue free from excess profits taxation and be accorded a system of surtaxes at rates which have for their object not the punishment of success or the discouragement of business, but the production of the greatest amount of revenue from large incomes. I am convinced that the larger incomes of the country would actually yield more revenue to the Government if the basis of taxation were scientifically revised downward. Moreover the effect of the present method of this taxation is to increase the cost of interest. on productive enterprise and to increase the burden of rent. It is altogether likely that such reduction would so encourage and stimulate investment that it would firmly establish our country in the economic leadership of the world.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Second State of the Union Address (1924)

World , Feeling , Business , Success

“It was a part of a budget which even three months had proved to be a mass of miscalculation; it was the pet scheme of a cosmopolitan school who love England little, and whom England loves less, whose sympathies are half-American and half-French; and it was the first application of a theory of combined taxation and reform, according to which the poor were exclusively to fix the revenue which the rich were exclusively to pay.”

Robert Gascoyne-Cecil, 3rd Marquess of Salisbury (1830–1903) British politician

‘The Conservative Reaction’, The Quarterly Review, vol. 108 (July & October 1860), p. 276
1860s

Love , School , Parting

“What we now have is too much focus on short-term revenues and almost no focus on the long-term survival or success of the firm. This is why you don't see anything very innovative out of firms like Apple.”

Rob Enderle (1954) American financial analyst

Why Are Tech Companies Trying to Kill Us? http://technewsworld.com/story/84944.html in Tech News World (13 November 2017)

Success

“When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”

Ron Paul (1935) American politician and physician

Deficits Make You Poorer http://www.lewrockwell.com/paul/paul238.html (March 15, 2005).
2000s, 2001-2005

Money , Future

“The Sultan then asked, "How are Hindus designated in the law, as payers of tributes or givers of tribute? The Kazi replied, "They are called payers of tribute, and when the revenue officer demands silver from them, they should tender gold. If the officer throws dirt into their mouths, they must without reluctance open their mouths to receive it. The due subordination of the zimmi is exhibited in this humble payment and by this throwing of dirt in their mouths. The glorification of Islam is a duty. God holds them in contempt, for he says, "keep them under in subjection". To keep the Hindus in abasement is especially a religious duty, because they are the most inveterate enemies of the Prophet, and because the Prophet has commanded us to slay them, plunder them, enslave them and spoil their wealth and property. No doctor but the great doctor (Hanafi), to whose school we belong, has assented to the imposition of the jizya (poll tax) on Hindus. Doctors of other schools allow no other alternative but Death or Islam.”

Ziauddin Barani (1285–1357) Indian Muslim historian and political thinker (1285–1357)

Tárikh-i Firoz Sháhi, of Ziauddin Barani in Elliot and Dowson, Vol. III : Elliot and Dowson, History of India as told by its own Historians, 8 Volumes, Allahabad Reprint, 1964. pp. 184, chapter 15. Tárikh-i Firoz Sháhi, of Ziauddin Barani https://archive.org/stream/cu31924073036737#page/n199/mode/2up
Tarikh-i-Firuz Shahi

Death , God , School , Law

“A politicalized monopoly, however, is absolute. Every competitive influence is removed by force. Even abstinence on the part of the public is no threat, since every drop in revenue can be offset by a tax levy. The power of taxation removes the necessity of rendering service.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: One is A Crowd: Reflections of An Individualist (1952), p. 149

Parting

“In the city of Agra there was a large temple, in which there were numerous idols, adorned and embellished with precious jewels and valuable pearls. It was the custom of the infidels to resort to this temple from far and near several times in each year to worship the idols, and a certain fee to the Government was fixed upon each man, for which he obtained admittance. As there was a large congress of pilgrims, a very considerable amount was realized from them, and paid into the royal treasury. This practice had been observed to the end of the reign of the Emperor Shah Jahan, and in the commencement of Aurangzeb's government; but when the latter was informed of it, he was exceedingly angry and abolished the custom. The greatest nobles of his court represented to him that a large sum was realized and paid into the public treasury, and that if it was abolished, a great reduction in the income of the state would take place. The Emperor observed, 'What you say is right, but I have considered well on the subject, and have reflected on it deeply; but if you wish to augment the revenue, there is a better plan for attaining the object by exacting the jizya. By this means idolatry will be suppressed, the Muhammadan religion and the true faith will be honoured, our proper duty will be performed, the finances of the state will be increased, and the infidels will be disgraced.”

Aurangzeb (1618–1707) Sixth Mughal Emperor

'This was highly approved by all the nobles; and the Emperor ordered all the gold en and silver idols to be broken, and the temple destroyed.
Kanzul-Mahfuz (Kanzu-l Mahfuz), in: Elliot and Dowson, Vol. VIII, pp. 38 -39.
Quotes from late medieval histories

Faith , Religion , Time

“[A] revenue-neutral carbon tax would benefit all Americans by eliminating the need for costly energy subsidies while promoting a level playing field for energy producers.”

Gary S. Becker (1930–2014) American economist

Why We Support a Revenue-Neutral Carbon Tax: Coupled with the elimination of costly energy subsidies, it would encourage competition. http://www.wsj.com/articles/SB10001424127887323611604578396401965799658 "Commentary" article in the Wall Street Journal, co-authored with George P. Shultz, dated April 7, 2013.

“The Revenue Program for 2015 includes incremental revenues of P50.63 billion from R. A. No. 10351 or the Sin Tax Reform Law of 2012.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Law

“I should have all manner of tenderness for the right of the College; they are nurseries of Religion and Learning, and therefore all donations for increase and augmentation of their revenue are to be liberally expounded.”

William Cowper, 1st Earl Cowper (1665–1723) English politician and first Lord Chancellor of Great Britain

Devit v. College of Dublin (1720). Gilbert Eq. Ca. 248; reported in James William Norton-Kyshe, The Dictionary of Legal Quotations (1904), p. 242.

Religion , Learning

“The cities in which we live in are schools of death, because they are dishuman. Each one of them has become a den of noise and of stench, for each of one has became a chaos of buildings, in which we ammass ourselves in millions, losing our life’s reasons. Unfortunates without escape, we feel to have put ourselves, willing or not, in the labyrinth of the absurd, from which we will leave only when we will die, for our destiny is to continue to multiply ourselves, only to die in great numbers. At every turn of the wheel, the cities in which we live in advance slowly one against the other, desiring only to confuse with each other: it’s a run towards the absolute chaos, in the noise and in the stench. At every turn of the wheel the price of the grounds go up, and in the labyrinth which devours the free space the revenue of the investiments builds up, day after day, hundreds of walls. It’s necessary that money give revenues and that the cities in which we live in advance, so it’s right that the houses double their height at every generation, even if the water is missing half of the days. The builders only desire to escape the destiny that they prepare for us, moving towards the countryside.”

Albert Caraco (1919–1971) French-Uruguayan philosopher

Translation from: Albert Carao (1919-1917) http://illusioncity.net/albert-caraco/ at illusioncity.net by Snake June 17, 2012
Ma confession (1975)

Life , Death , Money , School

“The life of a republic lies certainly in the energy, virtue, and intelligence of its citizens; but it is equally true that a good revenue system is the life of an organized government. I meet you at a time when the nation has voluntarily burdened itself with a debt unprecedented in our annals. Vast as is its amount, it fades away into nothing when compared with the countless blessings that will be conferred upon our country and upon man by the preservation of the nation's life. Now, on the first occasion of the meeting of Congress since the return of peace, it is of the utmost importance to inaugurate a just policy, which shall at once be put in motion, and which shall commend itself to those who come after us for its continuance. We must aim at nothing less than the complete effacement of the financial evils that necessarily followed a state of civil war.”

Andrew Johnson (1808–1875) American politician, 17th president of the United States (in office from 1865 to 1869)

Quote, First State of the Union Address (1865)

Life , War , Peace , Intelligence

“These contributions [federal taxes on consumption of foreign goods] enable us to support the current expenses of the Government, to fulfill contracts with foreign nations, to extinguish the native right of soil within our limits, to extend those limits, and to apply such a surplus to our public debts as places at a short day their final redemption, and that redemption [of debt] once effected," he said, "the revenue thereby liberated may, by a just repartition among the States and a corresponding amendment of the Constitution, be applied, in time of peace, to rivers, canals, roads, arts, manufactures, education, and other great objects within each State. In time of war,—if injustice, by ourselves or others, must sometimes produce war,— increased as the same revenue will be increased by population and consumption, and aided by other resources reserved for that crisis, it may meet within the year all the expenses of the year without encroaching on the rights of future generations by burdening them with the debts of the past. War will then be but a suspension of useful works, and a return to a state of peace a return to the progress of improvement.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

Advising the origination of an annual fund from surplus revenue.
1800s, Second Inaugural Address (1805)

War , Education , Peace , Art

“One of the hackneyed liberal complaints goes something like this: 'Bush is the first president in history to cut taxes during a war.' Nonsense. Bush didn’t cut taxes; he cut tax rates across the board - on income, dividends and capital gains. And that’s precisely why tax revenues have soared. When a department store wants to make more money, it doesn’t raise its prices, it cuts them and announces a big sale. If you want more work and investment, you hold a sale on economic activity by cutting tax rates, thereby reducing the cost of productive activity and increasing the prospect of after-tax returns on work and investment.”

Mike Rosen (1944) American political pundit

July 22, 2005 Rocky Mountain News column

Money , War , History

“The king, in his zeal to propagate the faith, now marched against the Hindoos of Nagrakote [Nagarkot Kangra], breaking down their idols and razing their temples. The fort, at that time denominated the Fort of Bheem, was closely invested by the Mahomedans, who had first laid waste the country around it with fire and sword.'…'In the year AH 402 (AD 1011), Mahmood resolved on the conquest of Tahnesur [Thanesar (Haryana)], in the kingdom of Hindoostan. It had reached the ears of the king that Tahnesur was held in the same veneration by idolaters, as Mecca by the faithful; that they had there set up a number of idols, the principal of which they called Jugsom, pretending that it had existed ever since the creation. Mahmood having reached Punjab, required, according to the subsisting treaty with Anundpal, that his army should not be molested on its march through his country…'The Raja's brother, with two thousand horse was also sent to meet the army, and to deliver the following message:- "My brother is the subject and tributary of the King, but he begs permission to acquaint his Majesty, that Tahnesur is the principal place of worship of the inhabitants of the country: that if it is required by the religion of Mahmood to subvert the religion of others, he has already acquitted himself of that duty, in the destruction of the temple of Nagrakote. But if he should be pleased to alter his resolution regarding Tahnesur, Anundpal promises that the amount of the revenues of that country shall be annually paid to Mahmood; that a sum shall also be paid to reimburse him for the expense of his expedition, besides which, on his own part he will present him with fifty elephants, and jewels to a considerable amount." Mahmood replied, "The religion of the faithful inculcates the following tenet: That in proportion as the tenets of the prophet are diffused, and his followers exert themselves in the subversion of idolatry, so shall be their reward in heaven; that, therefore, it behoved him, with the assistance of God, to root out the worship of idols from the face of all India. How then should he spare Tahnesur?"… This answer was communicated to the Raja of Dehly, who, resolving to oppose the invaders, sent messengers throughout Hindoostan to acquaint the other rajas that Mahmood, without provocation, was marching with a vast army to destroy Tahnesur, now under his immediate protection. He observed, that if a barrier was not expeditiously raised against this roaring torrent, the country of Hindoostan would be soon overwhelmed, and that it behoved them to unite their forces at Tahnesur, to avert the impending calamity….”

Mahmud of Ghazni (971–1030) Sultan of Ghazni

Tarikh-i-Firishta, translated by John Briggs under the title History of the Rise of the Mahomedan Power in India, first published in 1829, New Delhi Reprint 1981, Vol. I, pp. 27-37.
Quotes from Muslim medieval histories

God , Faith , Religion , Communication

“Allow me briefly to allude to some of these improvements. The question of building up class interests, or fostering one branch of industry to the prejudice of another under the exercise of the revenue power, which gave us so much trouble under the old constitution, is put at rest forever under the new. We allow the imposition of no duty with a view of giving advantage to one class of persons, in any trade or business, over those of another. All, under our system, stand upon the same broad principles of perfect equality. Honest labor and enterprise are left free and unrestricted in whatever pursuit they may be engaged. This old thorn of the tariff, which was the cause of so much irritation in the old body politic, is removed forever from the new.”

Alexander H. Stephens (1812–1883) Vice President of the Confederate States (in office from 1861 to 1865)

The Cornerstone Speech (1861)

Exercises , Question , Business , Personality

“In Hindustan, especially in the province of Sylhet, which is a dependency of Bengal, it was the custom for the people of those parts to make eunuchs of some of their sons and give them to the governor in place of revenue (mal-wajibi)… This custom by degrees has been adopted in other provinces and every year some children are thus ruined and cut off from procreation. This practice has become common.”

Jahangir (1569–1627) 4th Mughal Emperor

Jahangir, Tuzuk, I, 150-51. quoted from Lal, K. S. (1994). Muslim slave system in medieval India. New Delhi: Aditya Prakashan. Chapter 9

Children , People , Parting , Dependency

“All state revenues flowing from direct and indirect sources pour constantly into the pockets of big loan-capital.”

Gottfried Feder (1883–1941) German economist and politician

"Manifesto for the Abolition of Enslavement to Interest on Money" (1919)

“I recommend that you provide the resources to carry forward, with full vigor, the great health and education programs that you enacted into law last year. I recommend that we prosecute with vigor and determination our war on poverty. I recommend that you give a new and daring direction to our foreign aid program, designed to make a maximum attack on hunger and disease and ignorance in those countries that are determined to help themselves, and to help those nations that are trying to control population growth. I recommend that you make it possible to expand trade between the United States and Eastern Europe and the Soviet Union. I recommend to you a program to rebuild completely, on a scale never before attempted, entire central and slum areas of several of our cities in America. I recommend that you attack the wasteful and degrading poisoning of our rivers, and, as the cornerstone of this effort, clean completely entire large river basins. I recommend that you meet the growing menace of crime in the streets by building up law enforcement and by revitalizing the entire federal system from prevention to probation. I recommend that you take additional steps to insure equal justice to all of our people by effectively enforcing nondiscrimination in federal and state jury selection, by making it a serious federal crime to obstruct public and private efforts to secure civil rights, and by outlawing discrimination in the sale and rental of housing. I recommend that you help me modernize and streamline the federal government by creating a new Cabinet-level Department of Transportation and reorganizing several existing agencies. In turn, I will restructure our civil service in the top grades so that men and women can easily be assigned to jobs where they are most needed, and ability will be both required as well as rewarded. I will ask you to make it possible for members of the House of Representatives to work more effectively in the service of the nation through a constitutional amendment extending the term of a Congressman to four years, concurrent with that of the President. Because of Vietnam we cannot do all that we should, or all that we would like to do. We will ruthlessly attack waste and inefficiency. We will make sure that every dollar is spent with the thrift and with the commonsense which recognizes how hard the taxpayer worked in order to earn it. We will continue to meet the needs of our people by continuing to develop the Great Society. Last year alone the wealth that we produced increased $47 billion, and it will soar again this year to a total over $720 billion. Because our economic policies have produced rising revenues, if you approve every program that I recommend tonight, our total budget deficit will be one of the lowest in many years. It will be only $1.8 billion next year. Total spending in the administrative budget will be $112.8 billion. Revenues next year will be $111 billion. On a cash basis—which is the way that you and I keep our family budget—the federal budget next year will actually show a surplus. That is to say, if we include all the money that your government will take in and all the money that your government will spend, your government next year will collect one-half billion dollars more than it will spend in the year 1967. I have not come here tonight to ask for pleasant luxuries or for idle pleasures. I have come here to recommend that you, the representatives of the richest nation on earth, you, the elected servants of a people who live in abundance unmatched on this globe, you bring the most urgent decencies of life to all of your fellow Americans.”

Lyndon B. Johnson (1908–1973) American politician, 36th president of the United States (in office from 1963 to 1969)

1960s, State of the Union Address (1966)

Life , Women , Men , Money

“A community where local authorities consistently approached law enforcement not as a means for protecting public safety, but as a way to generate revenue. A community where both policing and municipal court practices were found to disproportionately harm African American residents. A community where this harm frequently appears to stem, at least in part, from racial bias – both implicit and explicit. And a community where all of these conditions, unlawful practices, and constitutional violations have not only severely undermined the public trust, eroded police legitimacy, and made local residents less safe – but created an intensely charged atmosphere where people feel under assault and under siege by those charged to serve and protect them.”

Eric Holder (1951) 82nd Attorney General of the United States

2010s, Update on Investigations in Ferguson (2015)

People , Law , Way , Feeling

“Once in the 1930s, the Inland Revenue did an investigation into Yeats's tax returns because they could not believe someone so famous could have such small sales. One should never allow oneself to be discouraged by small sales. As Pinter says, I stuck to my guns.”

John Banville (1945) Irish writer

14th time lucky (2005)

“The morning after I die. And the first 12 copies go to the Inland Revenue”

Bernie Ecclestone (1930) British business magnate

Financial Times. November 23, 2004
Bernie Ecclestone's response from a tongue in cheek interview question that asked: “So when’s your autobiography going to be published, Bernie?”

“There's so much revenue that comes in from a cap-and-trade system that you can really go to a person in a congressional district and get enough votes there by saying, ‘What do you need? What do you want?”

Barbara Boxer (1940) American politician

Americans for Prosperity. http://www.afphq.org/062609-cap-and-trade-fight-puts-obama-presidency-line

Personality

“If a tax cut increases government revenues, you haven't cut taxes enough.”

Milton Friedman (1912–2006) American economist, statistician, and writer

As quoted in "Milton Friedman's Last Lunch" at Forbes.com (11 December 2006)

“The Internal Revenue Code of 1954, a document longer than "War and Peace", is phrased -inevitably, perhaps- in the sort of jargon that stuns the mind and disheartens the spirit.”

John Brooks (writer) (1920–1993) American writer

Business Adventures: Twelve Classic Tales from the World of Wall Street

War , Peace

“Some of these quantities refer directly to a point of time. That is true of "capital value" as also of such quantities as demand and supply prices. Other terms – as e. g. "income", "revenue", "return", "expenses", "savings", "investments" – imply, however, a time period for which they are reckoned. But in order to be unambiguous they must also refer to a point of time at which they are calculated.”

Gunnar Myrdal (1898–1987) Swedish economist

Source: Monetary Equilibrium (1939), p. 46-7

Time

“The proper performance of those several duties of the sovereign necessarily supposes a certain expence; and this expence again necessarily requires a certain revenue to support it.”

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

Source: The Wealth of Nations (1776), Book IV, Chapter IX, p. 749.
Context: Every system which endeavours, either, by extraordinary encouragements, to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it; or, by extraordinary restraints, to force from a particular species of industry some share of the capital which would otherwise be employed in it; is in reality subversive of the great purpose which it means to promote. It retards, instead of accelerating, the progress of the society towards real wealth and greatness; and diminishes, instead of increasing, the real value of the annual produce of its land and labour.
All systems either of preference or of restraint, therefore, being thus completely taken away, the obvious and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men. The sovereign is completely discharged from a duty, in the attempting to perform which he must always be exposed to innumerable delusions, and for the proper performance of which no human wisdom or knowledge could ever be sufficient; the duty of superintending the industry of private people, and of directing it towards the employments most suitable to the interest of the society. According to the system of natural liberty, the sovereign has only three duties to attend to; three duties of great importance, indeed, but plain and intelligible to common understandings: first, the duty of protecting the society from the violence and invasion of other independent societies; secondly, the duty of protecting, as far as possible, every member of the society from the injustice or oppression of every other member of it, or the duty of establishing an exact administration of justice; and, thirdly, the duty of erecting and maintaining certain public works and certain public institutions, which it can never be for the interest of any individual, or small number of individuals, to erect and maintain; because the profit could never repay the expence to any individual, or small number of individuals, though it may frequently do much more than repay it to a great society.
The proper performance of those several duties of the sovereign necessarily supposes a certain expence; and this expence again necessarily requires a certain revenue to support it.

Support

“Poor, wretched, and stupid peoples, nations determined on your own misfortune and blind to your own good! You let yourselves be deprived before your own eyes of the best part of your revenues; your fields are plundered, your homes robbed, your family heirlooms taken away. You live in such a way that you cannot claim a single thing as your own; and it would seem that you consider yourselves lucky to be loaned your property, your families, and your very lives.”

Étienne de La Boétie book Discourse on Voluntary Servitude

Discourse on Voluntary Servitude (1548)
Context: Poor, wretched, and stupid peoples, nations determined on your own misfortune and blind to your own good! You let yourselves be deprived before your own eyes of the best part of your revenues; your fields are plundered, your homes robbed, your family heirlooms taken away. You live in such a way that you cannot claim a single thing as your own; and it would seem that you consider yourselves lucky to be loaned your property, your families, and your very lives. All this havoc, this misfortune, this ruin, descends upon you not from alien foes, but from the one enemy whom you yourselves render as powerful as he is, for whom you go bravely to war, for whose greatness you do not refuse to offer your own bodies unto death. He who thus domineers over you has only two eyes, only two hands, only one body, no more than is possessed by the least man among the infinite numbers dwelling in your cities; he has indeed nothing more than the power that you confer upon him to destroy you. Where has he acquired enough eyes to spy upon you, if you do not provide them yourselves? How can he have so many arms to beat you with, if he does not borrow them from you? The feet that trample down your cities, where does he get them if they are not your own? How does he have any power over you except through you? How would he dare assail you if he had no cooperation from you? What could he do to you if you yourselves did not connive with the thief who plunders you, if you were not accomplices of the murderer who kills you, if you were not traitors to yourselves? You sow your crops in order that he may ravage them, you install and furnish your homes to give him goods to pillage; you rear your daughters that he may gratify his lust; you bring up your children in order that he may confer upon them the greatest privilege he knows — to be led into his battles, to be delivered to butchery, to be made the servants of his greed and the instruments of his vengeance; you yield your bodies unto hard labor in order that he may indulge in his delights and wallow in his filthy pleasures; you weaken yourselves in order to make him the stronger and the mightier to hold you in check.

People , Stupidity , Family , Way

“Unfortunately, the Laffer curve did not work as advertised. Lower tax rates did not produce more tax revenues. They produced deficits.”

Robert Kuttner (1943) American journalist

Source: The Economic Illusion (1984), Chapter 5, Taxes, p. 208
Context: The total impact of the Reagan tax cuts on capital lowered the effective cost of capital to American industry by an estimated 1.2 percent. Unfortunately, the Laffer curve did not work as advertised. Lower tax rates did not produce more tax revenues. They produced deficits.

“Not only there does not exist, nor can exist, any other revenue than the clear produce of land, but it is the earth also that has furnished all capitals, that form the mass of all the advances of culture and commerce. It has produced, without culture, the first gross and indispensible advances of the first labourers; all the rest are the accumulated fruits of the œconomy of successive ages, since they have begun to cultivate the earth.”

Anne Robert Jacques Turgot (1727–1781) French economist

§ 100
Reflections on the Formation and Distribution of Wealth (1766)
Context: Not only there does not exist, nor can exist, any other revenue than the clear produce of land, but it is the earth also that has furnished all capitals, that form the mass of all the advances of culture and commerce. It has produced, without culture, the first gross and indispensible advances of the first labourers; all the rest are the accumulated fruits of the œconomy of successive ages, since they have begun to cultivate the earth. This œconomy has effect not only on the revenues of proprietors, but also on the profits of all the members of laborious classes. It is even generally true, that, though the proprietors have more overplus, they spare less; for, having more treasure, they have more desires, and more passions; they think themselves better ensured of their fortune; and are more desirous of enjoying it contentedly, than to augment it; luxury is their pursuit. The stipendiary class, and he chiefly the undertakers of the other classes, receiving profits proportionate to their advances, talents, and activity, have, though they are not possessed of a revenue properly so called, a superfluity beyond their subsistence; but, absorbed as they generally are, only in their enterprizes, and anxious to increase their fortune; restrained by their labour from amusements and expensive passions; they save their whole superfluity, to re-convert it in other enterprizes, and augment it.

Age , Success

“Taken to its logical extreme, the Laffer curve makes no sense because, if you lower your taxes to zero, how are you going to get higher revenues?”

Jean Chrétien (1934) 20th Prime Minister of Canada

Source: My Years As Prime Minister (2007), Chapter Two, The Virtuous Circle, p. 75
Context: I never bought into the Laffer curve, a theory, named after an American supply-side economist who had been an adviser to the Reagan administration, that essentially argues that a government will increase its revenue by reducing its taxes. If it were that easy, everybody would do it. What politician doesn't want to reduce taxes in order to win votes? Taken to its logical extreme, the Laffer curve makes no sense because, if you lower your taxes to zero, how are you going to get higher revenues? In practice, every government that toyed with this theory ended up with larger deficits, higher interest rates and greater social inequality.

Sense

“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.”

Franklin D. Roosevelt (1882–1945) 32nd President of the United States

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.

Law , Way , Wealth

“For the last fourteen years, I have advocated the elimination of all payroll taxes — including those for social security and unemployment compensation — and the replacement of that revenue in the form of pollution taxes — principally on CO2.”

Al Gore (1948) 45th Vice President of the United States

Quotes, NYU Law School speech (2006)
Context: For the last fourteen years, I have advocated the elimination of all payroll taxes — including those for social security and unemployment compensation — and the replacement of that revenue in the form of pollution taxes — principally on CO2. The overall level of taxation would remain exactly the same. It would be, in other words, a revenue neutral tax swap. But, instead of discouraging businesses from hiring more employees, it would discourage business from producing more pollution.
Global warming pollution, indeed all pollution, is now described by economists as an "externality." This absurd label means, in essence: we don't need to keep track of this stuff so let's pretend it doesn't exist.
And sure enough, when it's not recognized in the marketplace, it does make it much easier for government, business, and all the rest of us to pretend that it doesn't exist. But what we're pretending doesn't exist is the stuff that is destroying the habitability of the planet.

“Akbar had prohibited enslavement and sale of women and children of peasants who had defaulted in payment of revenue. He knew, as Abul Fazl says, that many evil hearted and vicious men either because of ill-founded suspicion or sheer greed, used to proceed to villages and mahals and sack them.”

Abu'l-Fazl ibn Mubarak (1551–1602) vizier

Abu Fazl quoted by Lal, K. S. (2012). Indian muslims: Who are they.

Children , Heart , Evil , Women

“I hold that fiscal reform is, and must remain, the first constructive work of the Unionist party; That the objects of such reform are to secure more equal terms of competition for British trade and closer commercial union with the Colonies. ... the establishment of a moderate general tariff on manufactured goods, not imposed for the purpose of raising prices or giving artificial protection against legitimate competition, and the imposition of a small duty on foreign corn are not in principle objectionable, and should be adopted if shown to be necessary for the attainment of the ends in view or for the purposes of revenue.”

Arthur James Balfour (1848–1930) British Conservative politician and statesman

Letter to Joseph Chamberlain (14 February 1906), quoted in The Times (15 February 1906), p. 9
Leader of the Opposition

“How long will men dare to call anything expedient that is not right? Can odium and infamy be of service to any empire, which ought to be supported by glory and by the good-will of its allies? I was often at variance even with my friend Cato. He seemed to me to guard the treasury and the revenues too obstinately, to refuse everything to the farmers of the revenue, and many things to our allies; while we ought to be generous to our allies, and to deal with the farmers of the revenue as leniently as we individually do with our own tenants, especially as the union of orders to which such a course would conduce is for the well-being of the state.”

Marcus Tullius Cicero (-106–-43 BC) Roman philosopher and statesman

Book III, Sect. 22, as translated by Andrew P. Peabody
De Officiis – On Duties (44 BC)

Support , Men

“It seems to me that the biggest challenge for Chinese theater is to cultivate an audience, which would make possible long-running shows. A show that only runs for a few months, tops, fails to generate enough revenue to pay back the investment required to create it. A Chinese Broadway or West End may help to build an audience, but more theaters alone probably will not achieve this goal.”

David Henry Hwang (1957) Playwright

On how to cultivate Chinese theater in the United States in “DAVID HENRY HWANG ON THEATRE, TRUMP, AND ASIAN-AMERICAN IDENTITY” https://thetheatretimes.com/david-henry-hwang-on-theatre-trump-and-asian-american-identity/ in Theatre World (2019 Mar 15)

Making love , Help

“The Other Place, the astral plane, the land of dreams—it’s not a real place like, say, Walsall. But it’s a metaphor for a mathematical abstraction, a manifold containing an n-dimensional space where everything is the product of geometrical transformations, including mass and energy and time. Leakage between dimensions occurs there: it’s how we summon demons from the vasty deep, communicate with aliens, and try to extract our tax codes from the Inland Revenue.”

Charles Stross The Laundry Files

Source: The Laundry Files, The Apocalypse Codex (2012), Chapter 14, “Appointment in Samarra” (p. 283)

Dreams , Mathematics , Time , Communication

“Since the House had been prorogued in the summer much work was done in France. The French had shewn themselves the ablest architects of ruin that had hitherto existed in the world. In that very short space of time they had completely pulled down to the ground, their monarchy; their church; their nobility; their law; their revenue; their army; their navy; their commerce; their arts; and their manufactures.”

Edmund Burke book Reflections on the Revolution in France

Speech in the House of Commons (9 February 1790), quoted in J. C. D. Clark, 'Introduction', in Clark (ed.), Reflections on the Revolution in France: A Critical Edition (Stanford University Press, 2001), p. 66.
1790s

Time , Housing , Law , Art

“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.”

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

1962, Address and Question and Answer Period at the Economic Club of New York (549)

Way , Truth

“I hold that protection is not only bad economy, but that it is an agency at once immoral and oppressive, based as it is and must be on the exploitation of the community in the interest of favoured trades and financial groups. I hold it to be a corrupting system, because honesty and purity of administration must be driven to the wall if once the principle of taxes for revenue be departed from in favour of the other principle, which I conceive to be of the essence of protection—that, namely, of taxes for private beneficiaries.”

Henry Campbell-Bannerman (1836–1908) Former Prime Minister of the United Kingdom

Election Address, quoted in The Times (8 January 1906), p. 8
Prime Minister

Bad luck , Communication

“If it took half the revenue of the nation, nobody would grudge it, nor even if it took it all save a bare pittance. But in truth the expense of educating ten thousand youth is not ten nor five times that of educating one thousand. The principle which makes all operations on a large scale proportionally cheaper than on a small scale holds as to education also.”

Edward Bellamy (1850–1898) American author and socialist

Source: Looking Backward, 2000-1887 http://www.gutenberg.org/ebooks/25439 (1888), Ch. 21.

Time , Truth , Youth , Education

“Unlawful revenue which, after being conveniently cleaned, is then reinvested within the legal economy: polluting it, corrupting it, forging it, killing it. Whether it’s reinvested in the London property market, in Parisian restaurants, or in hostels on the French Riviera. Drug trafficking money will buy homes that honest folk can no longer afford; it will open shops that will sell at more competitive prices than legitimate shops; it will start businesses that can afford to be more competitive than clean businesses. But one thing must be clear: these businesses are not interested in being successful; the main purpose for which they were created was to launder money, turning money that shouldn’t even exist into clean and usable money. In silence, illegal assets are moving around and undermining our economy and our democracies. In silence. But it doesn’t stop here; organised crime is providing us with a winning economic model. Organised crime is the only segment of global economy to have not been affected by the financial crisis; to have profited from the crisis, to have fed on the crisis, to have contributed to the crisis. And it’s in the crisis that it finds its satellite activities, such as usury, gambling, counterfeiting. But the most important – and most alarming – aspect of this issue is that it’s exactly in times of crisis that criminal organisations find their safe haven in banks.”

Roberto Saviano (1979) Italian journalist, writer and essayist

Dirty Money in London event (2016)

Money , Home , Democracy , Time

“We protected our copyright because TotalBiscuit has no right to make advertising revenues with our license.”

TotalBiscuit (1984–2018) British game commentator

Stephane Woods is lying, and here's why."
Other videos, This video is no longer available: The Day One[:<nowiki>]</nowiki> Garry's Incident Incident

Making love

“In the development of our tariff I am determined to oppose any modification in the direction of Free Trade, and to use my influence in favour of greater protection and of a higher revenue from frontier duties.”

Otto von Bismarck (1815–1898) German statesman, Chancellor of Germany

Speech to the Reichstag (28 March 1881), quoted in W. H. Dawson, Bismarck and State Socialism: An Exposition of the Social and Economic Legislation of Germany since 1870 (London: Swan Sonnenschein & Co., 1891), p. 54
1880s

“They say we have a free press, but we do not. We have a press that is indentured to advertising revenue, and they themselves are now conglomerate corporations... and five big ones control most of the circulation and viewership...”

Ralph Nader (1934) American consumer rights activist and corporate critic

"American Mythology and the Loss of Democracy" (2018)

“I repeat: our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve--and I believe this can be done--a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.”

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

Future

“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

Way , Truth , Country

“The new tax bill should improve both the equity and the simplicity of our present tax system. This means the enactment of long-needed tax reforms, a broadening of the tax base and the elimination or modification of many special tax privileges. These steps are not only needed to recover lost revenue and thus make possible a larger cut in present rates; they are also tied directly to our goal of greater growth. For the present patchwork of special provisions and preferences lightens the tax load of some only at the cost of placing a heavier burden on others. It distorts economic judgments and channels an undue amount of energy into efforts to avoid tax liabilities. It makes certain types of less productive activity more profitable than other more valuable undertakings. All this inhibits our growth and efficiency, as well as considerably complicating the work of both the taxpayer and the Internal Revenue Service. These various exclusions and concessions have been justified in part as a means of overcoming oppressively high rates in the upper brackets--and a sharp reduction in those rates, accompanied by base-broadening, loophole-closing measures, would properly make the new rates not only lower but also more widely applicable. Surely this is more equitable on both counts.”

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

Making love , Parting , Effort

“Too large a tax cut, of course, could result in inflation and insufficient future revenues--but the greatest danger is a tax cut too little or too late to be effective.”

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

Future

“Investing in infrastructure is key. If we can create a revenue base outside oil, we will be less exposed to the volatility of crude prices.”

Kemi Adeosun (1967) Nigerian accountant, investment banker and politician (born 1967)

Source: https://oxfordbusinessgroup.com/interview/greater-accountability-obg-talks-kemi-adeosun-minister-finance Kemi Adeosun interview with oxford business group.