Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2010-11-18 Nov 18, 2010We can't constantly explain to our voters that taxpayers have to be on the hook for certain risks, rather than those who make a lot of money taking those risks.~ Angela MerkelAll stakeholders must participate in the gains and losses of any particular situation.~ Christine LagardeMake sure what you risk is yours to lose.~ L. M. Heroux Nov 17, 2010Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.~ Lew RockwellFor the average family, all these taxes now eat 38 percent of gross income, a higher rate of taxation than ever before in the peacetime history of the United States. By comparison, the typical two-income family in the mid-1950s paid 28 percent of their income for taxes. We’re now at the absurd point where the typical family works until noon of every working day to satisfy the taxman, paying more in taxes than they spend for food, clothing and housing combined.~ Ralph ReilandOver the 20th century, the federal government has assumed a vast and unprecedented set of powers. Not only has the exercise of those powers upset the balance between federal and state governments; run roughshod over individuals, families, and firms; and reduced economic opportunity for all; but most of what the federal government does today -- to put the point as plainly and candidly as possible -- is illegitimate because done without explicit constitutional authority. The time has come to start returning power to the states and the people, to relimit federal power in our fundamental law, to restore constitutional government.~ Roger Pilon Nov 16, 2010Restraint of government is the true liberty and freedom of the people.~ John P. ReidIt is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.~ Murray N. RothbardAccording to the Tax Foundation, the average American worker works 127 days of the year just to pay his taxes. That means that government owns 36 percent of the average American’s output—which is more than feudal serfs owed the robber barons. That 36 percent is more than the average American spends on food, clothing and housing. In other words, if it were not for taxes, the average American’s living standard would at least double.~ Paul Craig Roberts Nov 15, 2010Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: "Account Overdrawn.~ Ayn RandYou cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the end of any nation. You cannot multiply wealth by dividing it.~ Dr. Adrian RogersWhen the socialist economies of Eastern Europe disintegrated, the cause was evident to nearly everyone: the stifling directives of central planning had all but obliterated individual initiative and accountability. The cure was just as obvious: a healthy dose of entrepreneurship and private enterprise.~ Dr. Lawrence W. Reed Nov 12, 2010Our government has found that the most effective way to control a person is not by the ballot or the bullet, but rather by the 'bucket'. Today, in a country that fought a revolution to rid itself of a repressive government and excessive taxes, government takes 40 percent of everything we earn in the form of taxes.~ Byron C. RadakerCongress has doubled the IRS budget over the past 10 years -- making that agency one of the fastest growing non-entitlement programs. It has increased its employment by 20 percent. The IRS’s powers to investigate and examine taxpayers transcend those of any other law enforcement agency. Virtually all of the constitutional rights regarding search and seizure, due process, and jury trial simply do not apply to the IRS.~ Daniel Pilla[It is a basic principle of a tyrant] to unarm his people of weapons, money, and all means whereby they resist his power.~ Sir Walter Raleigh Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print