The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes … - Ludwig von Mises

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Ludwig von Mises

The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped. What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.

Away, Class, Freely, Incomes, Philosophy, Progressive Taxation

Same Author Quotes

The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.

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The worst evils which mankind has ever had to endure were inflicted by bad governments.

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The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all.

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He who serves the public best, makes the highest profits.

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The real bosses, in the capitalist system of market economy, are the consumers.

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