Ibn Khaldun Quotes
When tax assessments and imposts upon the subjects are low, the latter have the energy and desire to do things. Cultural enterprises grow and increase, because the low taxes bring satisfaction.
Abd al-Rahman Ibn Mohammad. He is generally regarded to be the World’s first social scientist. The largest statue in Tunisia of not of a military leader of king, but of this social scientist. He was the first in history to lay the foundation of a theory for the optimum rate of taxation
Ibn Khaldun, 1332-1406, Tunisian Historian & Social Scientist, Al Muqaddimah
Sourced by: Eigen's Political and Historical Quotations
The traditional conservative tax principle has always been that low tax rates are needed to produce economic expansion and in general this had been so until Clinton and Rubin combined higher tax rates with great fiscal discipline of government spending and low interest rates, not only produced a great economic expansion but eliminated the Reagan deficit and left office with a huge projected surplus.
The Republican Party has now As a conservative Republican, Stockman was generally in favor of low tax rates. However, he was distressed that the Republicans were advocating tax cuts for every possible problem that faced the nation—even when there was a huge deficit in the budget and more tax cuts would worsen the situation.
This quotation was very important because the most important economic principle of Republican ideology since the 1960s has been that tax cuts will produce economic growth and the converse: that tax increases will stifle economic growth. For 50 years the Republican nostrum for all economic problems has been to increase growth by cutting taxes and opposing all tax increases. However Leonhardt studied the data and results since 1987 and found that the Republican doctrine had been wrong. Economic growth plummeted when we had the largest tax cuts in the George W. Bush years and the greatest growth spurts were following the 1990 George W. Bush tax increase and the 1993 Bill Clinton tax cuts. When the data became public some Republicans took the view that taxes were just one of the factors determining economic growth and have been overwhelmed by other factors. Some Democrats argue that if this were really believed by Republicans, they would have favored these other factors more so than tax cuts when in fact tax cuts are always their nostrum.
Ibn Khaldun was an Arab sociologist, philosopher and historian who has been described as the founder of the modern disciplines of historiography, sociology, economics, and demography. Niccolò Machiavelli of the Renaissance and the 19th-century European scholars widely acknowledged the significance of his works and considered Ibn Khaldun to be one of the greatest philosophers of the Middle Ages.
