Herbert Hoover Quotes
[N]o country can squander itself to prosperity on the ruin of its taxpayers.
Hoover, Herbert. "Special Message to the Congress on the National Economy." Public Papers of the Presidents of the United States: Herbert Hoover, 1932-33. U.S. Government Printing Office, 1977, p. 195.
This was written at a time when the George W. Bush Administration was pushing tax cuts and running very large deficits to do it. Most people presumed that the rich were big supporters of the tax cuts but Bill Gates, then the richest man in America, and Buffett, the second richest, were both in favor of higher taxes.
Herbert Clark Hoover was an American politician, businessman, and engineer, who served as the 31st president of the United States from 1929 to 1933. A member of the Republican Party, he held office during the onset of the Great Depression. Before serving as president, Hoover led the Commission for Relief in Belgium, served as the director of the U.S. Food Administration, and served as the third U.S. Secretary of Commerce.