Robert Peel Quotes

Many writers upon the science of political economy have declared that it is the duty of a nation first to encourage the creation of wealth; and second, to direct and control its distribution. All such theories are delusive.

Middle class prosperity—economics—depended on middle class power—politics.

Of course, it is not the employer who pays wages. He only handles the money. It is the product that pays wages and it is the management that arranges the production so that the product may pay the wages.

Russia ... suffers the dubious distinction of being the most corrupt developed country in the world, and its resource-extracting, rent-seeking economic system has reached a dead end.

Even money has a price.

Whether a president can truly improve, or damage, an economy remains an open question.

Without investment, you cannot have jobs.

Fairness dictates that the highest income people should pay the greatest share of taxes, and they do.

Ireland cannot become the collector general for the world. We can only tax on profits generated in the country here.

Revolutions about taxation have shaped our history.

A tax is something people pay out of income.

Monetary policy is one of the most difficult topics in economics. But also, I believe, a topic of absolutely crucial importance for our prosperity.

I think the economics of this country is intricately linked to the politics of this country and the two cannot be separated.

The whole thing is, really, money makes money. That's the whole thing about capitalism. Without the capital, there is no -ism.

I do not add a penny to the national debt.

Profit is vital to human well-being. Profit is the payment to entrepreneurs just as wages are payments to labor, interest to capital and rent to land. In order to earn profits in free markets, entrepreneurs must identify and satisfy human wants and do so in a way that economizes on society's scarce resources.

The opposing tendencies of concentration and spread are of little consequence in the liberal model of political economy.

The rich have grown richer, but their tax rate has declined. The poor have grown poorer, but their taxes have increased.

Regarding the Economy & Taxation: America's most successful achievers do pay a higher share of the total tax burden. The top one percent income earners paid 18 percent of the total tax burden in 1981, and paid 25 percent in 1991. The bottom 50 percent of income earners paid only 8 percent of the total tax burden, and paid only 5 percent in 1991. History shows that tax cuts have always resulted in improved economic growth producing more tax revenue in the treasury.

Income tax in particular in the United States is concentrated on the top half of the income distribution, and very heavily skewed towards the top 10 or even top 1 percent.

Some writers maintain arithmetic to be only the only sure guide in political economy; for my part, I see so many detestable systems built upon arithmetical statements, that I am rather inclined to regard that science as the instrument of national calamity.

I have only one thing to say to the tax increasers: Go ahead, make my day.

Money must exist before it can be turned into capital.

In reality, finding a way to raise taxes may well be the central political problem facing the United States.

The invocation of social necessity should alert us. It contains the seeds for Marx's critique of political economy as well as for his dissection of capitalism.