Self-Help Quotes
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.
The quotation is from Walzer, but the idea was originated by the Jewish Rabbi, Physician and Philosopher Maimonides (1135-1204) who Walzer credits. This idea is really at the historical and philosophical backbone of all welfare reform efforts. Maimonodes, for example, argued that one of the greatest forms of charity is giving a person money or other assistance to start a business.
Quoted by Jack Kemp in Senate Hearing, June 3, 1992