Quote #23

The method of raising revenue ought not to impede the transition of business; it ought to encourage it. 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 cannot finance the country, we cannot improve social conditions, through any system of injustice, even if we attempt to influence it upon the rich: The wise and correct course to follow in taxation and in 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.

More from Calvin Coolidge

  1. The fallacy of the claim that the costs of government are borne by the rich cannot be too often exposed. No system has been devised, I do n…
  2. Wealth is the product of industry, ambition, character and untiring effort. In all experience, the accumulation of wealth means the multipl…
  3. I favor the policy of economy not because I wish to save money, but because I wish to save people. The men and women of this country who to…
  4. I can find no Constitutional authorization for this bill.
  5. There is but a fixed quantity of wealth in this country at any fixed time. The only way that we can all secure more of it is to create more.
  6. We have enough laws already, I don't need to sign any more.
  7. Economy is the method by which we prepare today to afford the improvements of tomorrow.
  8. There's no chance for job advancement.

All Calvin Coolidge quotes