Mian Muhammad Mansha Quotes
People like me, whose income largely comes from dividends, should pay more taxes.
Karmali, Naazneen. "Pakistan's First Billionaire." Forbes, Forbes Media, 24 Feb. 2010.
The founder was Charles E. Coughlin, 1891-1979, a demagogic Catholic Priest who drafted the principles and invited others to join him. Hundreds of thousands did in this organization which began in idealism, and ended in scandal and hate mongering, so much so that Father Coughlin was ordered off the radio and out of politics by the Catholic Church. The National Union in 1936 had morphed into the Union Party which ran Presidential candidates in the 1936 election. At the time, a progressive income tax was an anathema to most people, however it became the norm in later years and although the idea did not originate with the Union, was one of the few lasting contributions of the Union.
This became known as the Buffet Principle—that the very rich should not pay a lower tax rate than the workers who make far less money than they do. President Barack Obama used this principle by name in calling for the 2011 Jobs Act which would eliminate some of the loopholes and exemptions by which the rich could avoid some or much or their tax obligation.
Comment made in the Congressional Congress debates in 1787. This precedes individual taxation. In the debate, Wilson felt state taxation “should accord with the number of freemen” as “it is strange that annexing the name of ‘State’ to ten thousand men, should give them an equal right with forty thousand.”
He was one of the richest men in America, who thought that the tax burden on the very wealthy was too low given the needs of the nation and the ability of the wealty to pay..
Mian Muhammad Mansha (Urdu: میاں محمد منشاء) is a Pakistani business magnate and billionaire. He is the founder and CEO of the Lahore-based international conglomerate Nishat Group. Mansha and some of his immediate family members are among the richest and highest tax-paying individuals in Pakistan.
