An economy hampered by restrictive tax rates will never produce enough jobs or enough profits
Interpretation
High tax rates limit job creation and economic growth.
John F. Kennedy's quote highlights the detrimental effects of restrictive tax rates on the economy, suggesting that when individuals and businesses are taxed heavily, their ability to create jobs and generate profits is severely hindered. This underscores the importance of tax policy in fostering a healthy economic environment where entrepreneurship can thrive and employment opportunities abound.
In practice
A politician could use this quote to argue for tax reform during a campaign speech.
The great battleground for the defense and expansion of freedom today is the whole southern half of the globe... the lands of the rising peoples. Their revolution is the greatest in human history. They seek an end to injustice, tyranny and exploitation. More than an end, they seek a beginning.
I had always enjoyed the title of Commander-in-Chief until I was informed ... that the only forces that cannot be transferred from Washington without my express permission are the members of the Marine Corps Band. Those are the only forces I have. I want it announced that we propose to hold the White House against all odds at least for some time to come.
I am talking about genuine peace, the kind of peace that makes life on earth worth living, the kind that enables men and nations to grow and to hope and to build a better life for their children - not merely peace for Americans but peace for all men and women - not merely peace in our time but peace for all time.
I just received the following wire from my generous Daddy; Dear Jack, Don't buy a single vote more than is necessary. I'll be damned if I'm going to pay for a landslide.
Tolerance implies no lack of commitment to one's own beliefs. Rather it condemns the oppression or persecution of others.
Mankind must put an end to war before war puts an end to mankind.
The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.
Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.
There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.
Although we work through financial markets, our goal is to help Main Street, not Wall Street.
Economics is haunted by more fallacies than any other study known to man
There are only three ways by which any individual can get wealth β by work, by gift or by theft. And, clearly, the reason why the workers get so little is that the beggars and thieves get so much.
Subscribe for the occasional hand-picked quote. No noise.