American citizen Quote by Franklin D. Roosevelt
“Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes.”
About This Quote
Source Speech: Fireside Chat, United States, 1942
Tax policy should limit personal wealth to fund national war effort, keeping individual incomes modest.
In simple terms: Taxes keep incomes low for war funding.
Key Takeaway
Accept lower net income for collective good.
Themes
taxation
war effort
economic policy
citizen responsibility
Mood
serious
patriotic
reflective
Type
political
economic
When to use this quote
- business budgeting
- personal finance planning
- government budgeting
- public debate
Key Concepts
progressive taxation
public finance
social contract
Questions to Reflect On
- Is sacrificing personal wealth justified for national security?
- How do tax policies affect morale during wartime?
A Different Perspective
High taxes may discourage productivity and economic growth.
