Chaka Fattah Quotes


Philadelphians continue to benefit every day from the flow of federal dollars to improve our infrastructure and create jobs.


Citations

Fattah, Chaka. "Fattah Announces Federal Funding for Philadelphia." Office of Congressman Chaka Fattah, 2014.

Related Quotes

Mises defines government revenue in such a manner that it always relly belonged to individuals, therefore when government invests in enterprises that accumulate capital via profits, Mises does not consider it capital accumulation. One counterexample of this point is the George Washington Bridge in New York, built in Mises lifetime by Robert Moses of the New York Port Authority. The tolls on the bridge paid off the bondholders who financed much of the initial construction. But then capital started to accumulate at such a rapid rate that Moses was able to build other capital projects ranging from highways to the World Trade Center Buildings with capital constantly accumulated. The New York Port Authority under Moses generated more capital appreciation than any corporation that had been in existence at that point. And he could not even sell stock. However, the Port Authority and a few others were exceptions. Generally government did was unable to accumulate capital in its enterprises.


Chaka Fattah
Chaka Fattah
  • Born: November 21, 1956
  • Nationality: American
  • Profession: Legislator

Chaka Fattah is an American politician from the Commonwealth of Pennsylvania who served as a Democratic member of the U.S. House for Pennsylvania's 2nd congressional district from 1995 to 2016, and he was succeeded by fellow Democrat Dwight Evans. He previously served in the Pennsylvania Senate and the Pennsylvania House of Representatives.