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.”
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.
Avoid overly high tax burdens.
Themes
Mood
Type
When to use this quote
- business planning
- government budgeting
- tax reform
- investment strategy
Key Concepts
Questions to Reflect On
- What balance should be struck between revenue and investment?
- How do tax rates affect income inequality?
It may ignore social benefits of progressive taxation.