The Congress might well consider whether the higher rates of income
and profits taxes can in peace times be effectively productive of
revenue, and whether they may not, on the contrary, be destructive of
business activity and productive of waste and inefficiency. There is a
point at which in peace times high rates of income and profits taxes
discourage energy, remove the incentive to new enterprise, encourage
extravagant expenditures, and produce industrial stagnation with
consequent unemployment and other attendant evils.
J.F. Kennedy, 1962 [Democrat President of USA]
It is a paradoxical truth that tax rates are too high today and tax
revenues are too low and the soundest way to raise revenue in the long
run is to cut the rates now.
Taxation may be so high as to defeat its object ... given sufficient
time to gather the fruits, a reduction of taxation will run a better
chance, than an increase, of balancing the budget. [The means to prosperity in Essays
in Persuasion, p.338]
“Trickle down” theory and “Tax cuts for the rich” by Thomas Sowell
Sowell shows that the so-called trickle down theory was a class war
propaganda ploy, probably first mentioned in a speech by President Roosevelt in 1921. This has been repeated endlessly by dishonest politicians ever since. Economists and opponents pointed out that Roosevelt’s “squeeze the rich” rhetoric was not efficacious in the real world.
Quotes from “Trickle down” theory and “Tax cuts for the rich” , 2012
(pamphlet, 13 pages of text plus notes)
“It has taken half a century but Cuba has finally bowed to the inevitable and announced the lifting of foreign travel restrictions on its citizens. From next January they will no longer require exit permits to go overseas, leaving North Korea as the only communist state left that continues to immure its own people...”
brilliant speech to the un by cameron while obama whines and bows
full speech: 17:07 mins
Here is appeaser Obama trying to sanitise and normalise the madness across the Islamic world as if it is just another minor local difficulty.
“Moreover, there will always be those that reject human progress, dictators who cling to power, corrupt interests that depend on the status quo, and extremists who fan the flames of hate and division. From Northern Ireland to South Asia, from Africa to the Americas, from the Balkans to the Pacific Rim, we've witnesses convulsions that can accompany transitions to a new political order. ” [Barak Obama, to the same meeting at the UN, 2012]
“Mr Ban responded to the ayatollah's statement by calling on Iran to build confidence in its nuclear ambitions by co-operating fully with the Security Council over its nuclear programme.
“He also rebuked Tehran for its hostility towards Israel, saying: "I strongly reject threats by any member states to destroy another or outrageous attempts to deny historical facts such as Holocaust."
“However, Mr Ban's comments were also altered on Iranian state TV.
“IRTV1 removed all references to Israel and the Holocaust, while rolling news channel IRINN's translation was: "I, as the secretary-general, cannot accept that threats or improper words are used in the political scene and create a situation which we cannot control."
“IRINN's translation of Mr Ban's comments on the nuclear issue wrongly stated that he had noted that "the Islamic Republic of Iran's co-operation with the International Atomic Energy Agency has been constructive, effective and positive". ”
putin paranoia attacks net - socialist hollande wants to control peugeot
As socialis”ts have destroyed many major economies, they seek to limit freedom and grab still more power for the state.
“A bill that criminalizes libel and imposes fines of up to $153,400 on violators, and a measure that requires non-governmental organizations, or NGOs, that receive foreign funding to register as "foreign agents," were approved by the lower house of the parliament Friday, the last day of the legislative session. On Wednesday, the lower house unanimously approved a bill that provides for a federal registry of websites that could face being shut down for carrying prohibited material.” [Quoted from latimes.com]
“French President Francois Hollande said on Saturday Peugeot must renegotiate a plan to lay off 8,000 workers to lessen its social impact and accused the carmaker of lying over its intentions and making serious strategic errors. In a television interview, Hollande said a government rescue plan for the ailing car sector due to be announced on July 25 would include public incentives to encourage consumers to purchase French-made, environmentally friendly cars.” [Quoted from reuters.com]