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The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business.
Andrew Mellon
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Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.... It will purge the rottenness out of the system.
Andrew Mellon
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Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Andrew Mellon
Creative Commons
Born:
March 24, 1855
Died:
August 26, 1937
(aged 82)
Andrew Mellon on Wikipedia
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