--- title: "Meaning & Key Takeaway of: We need to remember that we can't compete…" description: "\"We need to remember that we can't compete endlessly with other nations that set their income taxes substantially lower than ours. They will attract job..." image: "https://sms4smile.com/quotes/i/e21/boris-johnson-2701_extras_we-need-to-remember-that-we-can-t-compet_1262868.jpg" --- # We need to remember that we can't compete endlessly with… ![“We need to remember that we can't compete endlessly with other nations that set their income taxes substantially lower than ours. They will attract jobs, and investment. They may generate more tax - and they may even persuade their tennis champs to run that extra half yard” quote by Boris Johnson](https://sms4smile.com/quotes/i/e21/boris-johnson-2701_extras_we-need-to-remember-that-we-can-t-compet_1262868.jpg) [Download](https://sms4smile.com/quotes/i/e21/boris-johnson-2701_extras_we-need-to-remember-that-we-can-t-compet_1262868.jpg) [Open image](https://sms4smile.com/quotes/i/e21/boris-johnson-2701_extras_we-need-to-remember-that-we-can-t-compet_1262868.jpg) > “We need to remember that we can't compete endlessly with other nations that set their income taxes substantially lower than ours. They will attract jobs, and investment. They may generate more tax - and they may even persuade their tennis champs to run that extra half yard” [Boris Johnson](https://sms4smile.com/quotes/author/boris-johnson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Competing with lower-tax nations risks losing jobs and investment, potentially reducing overall tax revenue despite attracting some activity. **In simple terms:** Low taxes elsewhere can draw jobs and money away. Key Takeaway Consider balanced tax strategies. Themes tax policy economic competition investment employment public finance Mood concerned analytical Type policy economic When to use this quote - government budgeting - business location decisions - foreign investment - regional development Key Concepts fiscal policy globalization tax competition Questions to Reflect On - How can a country stay competitive without a tax race to the bottom? - What alternative policies could retain jobs? A Different Perspective Lower taxes may attract some business but can erode tax base if not paired with other incentives. ★ ★ ★ ★ ★ No ratings yet [Extras](https://sms4smile.com/quotes/about/extras/) [Generate Tax](https://sms4smile.com/quotes/about/generate-tax-4020925/) [Half](https://sms4smile.com/quotes/about/half/) [Income](https://sms4smile.com/quotes/about/income/) [Income tax](https://sms4smile.com/quotes/about/income-tax/) [Investment](https://sms4smile.com/quotes/about/investment/) [Jobs](https://sms4smile.com/quotes/about/jobs/) [May](https://sms4smile.com/quotes/about/may/) [Nations](https://sms4smile.com/quotes/about/nations/) [Nations Set](https://sms4smile.com/quotes/about/nations-set-2850595/) [Needs](https://sms4smile.com/quotes/about/needs/) [Remember](https://sms4smile.com/quotes/about/remember/) [Running](https://sms4smile.com/quotes/about/running/) [Set Income](https://sms4smile.com/quotes/about/set-income-4020924/) [Tax Persuade](https://sms4smile.com/quotes/about/tax-persuade-4020923/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Taxes Substantially](https://sms4smile.com/quotes/about/taxes-substantially-4020926/) [Tennis](https://sms4smile.com/quotes/about/tennis/) [Yards](https://sms4smile.com/quotes/about/yards/) ## Related quotes > [I hope we can agree that it's better to cut taxes substantially, robustly, for the middle class as opposed to the top 1 percent.…](https://sms4smile.com/quotes/bob-casey-jr/i-hope-we-can-agree-that-it-s-better-to-cut-taxes-substantially/) [Bob Casey, Jr](https://sms4smile.com/quotes/author/bob-casey-jr/) > [If the world's nations can set aside their petty bickering over religion, politics, and territory, certainly I can 'get that Olympic Spirit' and rise…](https://sms4smile.com/quotes/colson-whitehead/if-the-world-s-nations-can-set-aside-their-petty-bickering-over/) [Colson Whitehead](https://sms4smile.com/quotes/author/colson-whitehead/) > [I am in favour of leaving people alone, however imperfect their polity may seem. 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