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Business Quote by Andrew Mellon

“The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business.” quote by Andrew Mellon
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“The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business.”

Andrew Mellon

About This Quote

Source Speech: Economic Policy, 1925

Excessive tax rates drive capital away from productive use; historically, high taxes are avoided, leading to reduced investment.

In simple terms: High taxes push money out of business.

Key Takeaway

Avoid overly high tax burdens.

Themes

economics tax policy investment

Mood

analytical pragmatic

Type

economic policy-oriented

When to use this quote

  • business planning
  • government budgeting
  • tax reform
  • investment strategy

Key Concepts

Tax incidence capital flight productive efficiency

Questions to Reflect On

  • What balance should be struck between revenue and investment?
  • How do tax rates affect income inequality?
A Different Perspective

It may ignore social benefits of progressive taxation.

3.0 out of 5 (10 ratings)

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