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Gains Quotes

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Gains Quotes

“If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.”

“It was a harder day's journey than yesterday's, for there were long and weary hills to climb; and in journeys, as in life, it is a great deal easier to go down hill than up. However, they kept on, with unabated perseverance, and the hill has not yet lifted its face to heaven that perseverance will not gain the summit of at last.”

“Marijuana legalization's income may help fund education, prevention and treatment programs for harder drugs. What's clear is that the four-decade-old U.S.-backed war on drugs is not working, and that it's producing tens of thousands of dead across the hemisphere, without significant gains in reducing consumption. Experimenting with new weapons to weaken the cartels may be better than doing nothing.”