What wild fringe teabagger radical said this:
I am opposed to extremely high rates, because they produce little or no revenue, because they are bad for the country, and, finally, because they are wrong. We can not finance the country, we can not improve social conditions, through any system of injustice, even if we attempt to inflict it upon the rich. Those who suffer the most harm will be the poor. This country believes in prosperity. It is absurd to suppose that it is envious of those who are already prosperous. The wise and correct course to follow in taxation and all other economic legislation is not to destroy those who have already secured success but to create conditions under which every one will have a better chance to be successful.
Why, it was that crazy firebrand Calvin Coolidge in his 1923 inaugural address. He had won a term in his own right after assuming the Presidency on the death of Warren Harding. Mr. Harding had his problems, but at least he freed the thousands of political prisoners jailed by his viciously-racist predecessor. And yet to some ears Coolidge sounds like the radical.
Tags: Calvin Coolidge, Joseph Thorndike, tax.com, Tea Party, Woodrow Wilson
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It is amazing to witness the same mistakes repeated again. Unfortunately, the great majority of voters are not “rich”. It is easy for a politician to appeal to the masses with benefits paid for with OPM (other peoples money). In this country, (still the best in the world) if you work twice as hard as your neighbor to earn twice his salary, you are rewarded with more than twice the taxes. On the other hand, if you sit home and do nothing you will receive certain benefits. Hardly seems like an incentive to get off the couch. Wealth is not created by “taking” it from the rich.