Winston Churchill Quotes


We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.


Context

One economic view of economic development is that the government should invest in education, scientific research, and infrastructure which will produce and stimulate economic growth. The contrary is that taxation takes capital out of the private sector that is needed for investment to produce economic growth. Both sides are correct. In the United States for example three of the greatest economic stimulants were the building of the Railroads, the National Highway System, and the Internet all developed in large part with taxpayer dollars. At the same time taxes do diminish the amount of private capital available for the economy. These are tradeoff decisions like most things in economics.


Citations

Winston Churchill, 1874-1965, British Prime Minister (Conservative), Criticism of those who would tax heavily to spend it on infrastructure

Sourced by: Eigen's Political and Historical Quotations

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Winston Churchill
Winston Churchill
  • Born: November 30, 1874
  • Died: January 24, 1965
  • Nationality: English
  • Profession: Statesman

Sir Winston Leonard Spencer Churchill, KG, OM, CH, TD, DL, FRS, RA was the Prime Minister of the United Kingdom from 1940 to 1945, during the Second World War, and again from 1951 to 1955. Apart from two years between 1922 and 1924, Churchill was a Member of Parliament (MP) from 1900 to 1964 and represented a total of five constituencies. Ideologically an economic liberal and imperialist, he was for most of his career a member of the Conservative Party, as leader from 1940 to 1955. He was a member of the Liberal Party from 1904 to 1924. Churchill was also well known for his military career and as a historian, painter and writer, and among his many awards was the Nobel Prize in Literature.