“There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.” IfsRunningLosesLossMistakeCuttingBalanceTaxesBiggerPressesEntrepreneurChecksAppropriateMore MoneyPitsPrintingPrinting Press Author:Peter Schiff
“Puerto Rico loses out on billions of dollars annually because it is treated unequally under a range of federal programs, including tax credits available to millions of households in the States that do not pay federal income taxes.” StatesLosesPayMillionsTaxesProgramDollarsIncludingAvailableCreditBillionsIncomeTreatedRangeHouseholdIncome TaxPuerto RicoRico Author:Pedro Pierluisi
“A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.” LosesWealthResultsFailingProduceTaxesBeatsPercentGainsInvestingFundDestroyingMarginsAnnualsVanguardIndex Funds Author:David F. Swensen
“When a thing is bought not for its use but for its costliness, cheapness is no recommendation. As Sismondi remarks, the consequence of cheapening articles of vanity, is not that less is expended on such things, but that the buyers substitute for the cheapened article some other which is more costly, or a more elaborate quality of the same thing; and as the inferior quality answered the purpose of vanity equally well when it was equally expensive, a tax on the article is really paid by nobody: it is a creation of public revenue by which nobody loses.” WellsUsePurposeLosesQualityCreationTaxesConsequencePaidVanityExpensiveSubstitutesArticlesInferiorsRevenueRemarksBuyersRecommendationsCheapness Book:Principles of Political Economy, with Some of Their Applications to Social Philosophy Source: Principles of Political Economy, with Some of Their Applications to Social Philosophy
“When Congress votes for all sorts of benefits, without voting for enough taxes to pay for them, they get the support of those who have been promised the benefits, without getting grief from the taxpayers. It's strictly win-win as far as the welfare-state politicians are concerned. But it is strictly lose-lose, big-time, for the country, as deficits skyrocket.” Has BeensCountryStatesEnoughBigsWinningLosesGriefPaySupportPoliticianTaxesBenefitsConcernedVoteCongressWelfareVotingDeficitTaxpayersWelfare StateWin Win Author:Thomas Sowell
“When I do something stupid with money and lose it....I call that Stupid Tax. I have paid so much Stupid Tax that I am expert.” LosesStupidTaxesPaidExperts Author:Dave Ramsey
“Leaving America means renouncing your citizenship, moving out of the country and leaving family and friends behind. You can retain your citizenship if you like, but you'll still be away from loved ones and still be paying taxes. You lose all the good stuff about America and have to keep all the bad stuff.” IfsMeanStillsCountryAmericaMovingStuffLosesBehindsTaxesLeavingLoved OnesCitizenshipFamily And FriendsBehind YouBad StuffMoving OutPaying Taxes Author:Michael Arrington
“Donald Trump would not lose a single voter over any report indicating that his tax plan might not work.” MightLosesPlansTrumpTaxesReportsVoters Author:Lawrence O'Donnell
“Independent experts have looked at what I've proposed and looked at what Donald's [Trump] proposed, and basically they've said this, that if his tax plan, which would blow up the debt by over $5 trillion and would in some instances disadvantage middle-class families compared to the wealthy, were to go into effect, we would lose 3.5 million jobs and maybe have another recession.” IfsSaidJobsLosesClassMillionsPlansMiddleEffectsTrumpTaxesIndependentBlowDebtInstanceExpertsMiddle ClassWealthyDisadvantagesRecessionsMiddle Class Family Author:Hillary Clinton