Bonus Quote by Andrew Mellon
““A bonus or subsidy can be paid only by taking money out of the pockets of all the people in order that it shall find its way back into the pockets of some of the people.””
About This Quote
Source Speech: Public Policy Discussion, 1930s
A subsidy is funded by taking money from everyone and returning it to a select few, highlighting redistribution effects.
In simple terms: Subsidies take from all, give to some.
Key Takeaway
Consider who truly benefits from subsidies.
Themes
economics
policy
redistribution
Mood
critical
analytical
Type
political
economic
When to use this quote
- government budgeting
- social welfare programs
- tax reform
- public debate
Key Concepts
taxation
public finance
inequality
Questions to Reflect On
- Who gains and who loses from this policy?
- Is this always unfair?
A Different Perspective
It may ignore long‑term incentives and market distortions.
