--- title: "Meaning & Key Takeaway of: ..either immediately or ultimately every…" description: "\"..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. Once we look at the matter. In this..." image: "https://sms4smile.com/quotes/i/383/henry-hazlitt-2839_debt_either-immediately-or-ultimately-every-d_1320078.jpg" --- # ..either immediately or ultimately every dollar of… ![“..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. Once we look at the matter. In this way, the supposed miracles of government spending will appear in another light.” quote by Henry Hazlitt](https://sms4smile.com/quotes/i/383/henry-hazlitt-2839_debt_either-immediately-or-ultimately-every-d_1320078.jpg) [Download](https://sms4smile.com/quotes/i/383/henry-hazlitt-2839_debt_either-immediately-or-ultimately-every-d_1320078.jpg) [Open image](https://sms4smile.com/quotes/i/383/henry-hazlitt-2839_debt_either-immediately-or-ultimately-every-d_1320078.jpg) > “..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. Once we look at the matter. In this way, the supposed miracles of government spending will appear in another light.” [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Government spending must be funded by taxes, revealing its true cost and limits. **In simple terms:** Spending needs tax revenue, showing its real impact. Key Takeaway Recognize the tax burden of public programs. Themes economics public finance policy taxation government spending Mood critical analytical Type educational analytical When to use this quote - budget planning - public policy debates - tax reform discussions - citizen awareness Key Concepts Fiscal responsibility budget constraints opportunity cost Questions to Reflect On - How does this view affect your opinion on social programs? - What alternatives exist to fund essential services? A Different Perspective Assumes all spending is directly funded by taxes, ignoring deficits and borrowing. ★ ★ ★ ★ ★ No ratings yet [Debt](https://sms4smile.com/quotes/about/debt/) [Dollar Government](https://sms4smile.com/quotes/about/dollar-government-2421235/) [Dollar Taxation](https://sms4smile.com/quotes/about/dollar-taxation-4396585/) [Dollars](https://sms4smile.com/quotes/about/dollars/) [Government](https://sms4smile.com/quotes/about/government/) [Government spending](https://sms4smile.com/quotes/about/government-spending/) [Light](https://sms4smile.com/quotes/about/light/) [Looks](https://sms4smile.com/quotes/about/looks/) [Matter](https://sms4smile.com/quotes/about/matter/) [Miracle](https://sms4smile.com/quotes/about/miracle/) [Politics](https://sms4smile.com/quotes/about/politics/) [Raised](https://sms4smile.com/quotes/about/raised/) [Raised Dollar](https://sms4smile.com/quotes/about/raised-dollar-4396587/) [Spending](https://sms4smile.com/quotes/about/spending/) [Spending Raised](https://sms4smile.com/quotes/about/spending-raised-4396586/) [Taxation](https://sms4smile.com/quotes/about/taxation/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Way](https://sms4smile.com/quotes/about/way/) ## Related quotes > [Every dollar the government doesn't spend, tax, or borrow is a dollar that businesses and families can spend or invest themselves.](https://sms4smile.com/quotes/stephen-moore/every-dollar-the-government-doesn-t-spend-tax-or-borrow-is-a-dollar/) [Stephen Moore](https://sms4smile.com/quotes/author/stephen-moore/) > [It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden…](https://sms4smile.com/quotes/milton-friedman/it-is-my-view-that-what-is-important-is-cutting-government-spending/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Some doomsayers think the collapse will be triggered by runaway government spending, excessive taxation, oppressive regulation, food shortages, fuel shortages or natural disasters such…](https://sms4smile.com/quotes/robert-higgs/some-doomsayers-think-the-collapse-will-be-triggered-by-runaway/) [Robert Higgs](https://sms4smile.com/quotes/author/robert-higgs/) > [Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let alone I've never…](https://sms4smile.com/quotes/arthur-laffer/government-spending-is-taxation-when-you-look-at-this-i-ve-never/) [Arthur Laffer](https://sms4smile.com/quotes/author/arthur-laffer/) > [Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion…](https://sms4smile.com/quotes/llewellyn-rockwell/never-forget-that-no-government-has-wealth-of-its-own-to-spend-the/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation…](https://sms4smile.com/quotes/henry-hazlitt/the-mounting-burden-of-taxation-not-only-undermines-individual-2/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [The surest way for a poor nation to stay poor is to harass, hobble, and straitjacket private enterprise or to discourage or destroy it…](https://sms4smile.com/quotes/henry-hazlitt/the-surest-way-for-a-poor-nation-to-stay-poor-is-to-harass-hobble-and/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [“For every dollar that is spent on the (boondoggle) bridge a dollar will be taken away from taxpayers. If the bridge costs $1,000,000 the…](https://sms4smile.com/quotes/henry-hazlitt/for-every-dollar-that-is-spent-on-the-boondoggle-bridge-a-dollar-will/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [“Here we shall have to say simply that all government expenditures must eventually be paid out of the proceeds of taxation; that inflation itself…](https://sms4smile.com/quotes/henry-hazlitt/here-we-shall-have-to-say-simply-that-all-government-expenditures/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [New taxes are so unpopular that most 'social' handout schemes are originally enacted without enough increased taxation to pay for them. The result is…](https://sms4smile.com/quotes/henry-hazlitt/new-taxes-are-so-unpopular-that-most-social-handout-schemes-are/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation…](https://sms4smile.com/quotes/henry-hazlitt/the-mounting-burden-of-taxation-not-only-undermines-individual/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [The idea that more taxes and more government spending is the best way to help hardworking middle class taxpayers - that's an old idea…](https://sms4smile.com/quotes/marco-rubio/the-idea-that-more-taxes-and-more-government-spending-is-the-best-way/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [Various economists and experts had suggested increasing government spending to fight COVID-19, to help the poor survive. On the other hand, businesses were helped…](https://sms4smile.com/quotes/anurag-thakur/various-economists-and-experts-had-suggested-increasing-government/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [I think the government lost control over fiscal policy in UPA-2. But it is possible to suggest that the momentum of the populism of…](https://sms4smile.com/quotes/sanjaya-baru/i-think-the-government-lost-control-over-fiscal-policy-in-upa-2-but/) [Sanjaya Baru](https://sms4smile.com/quotes/author/sanjaya-baru/) > [Right now, the government is spending billions of dollars supporting the problem-makers in the U.S. economy - the polluters, despoilers, incarcerators, and warmongers.](https://sms4smile.com/quotes/van-jones/right-now-the-government-is-spending-billions-of-dollars-supporting/) [Van Jones](https://sms4smile.com/quotes/author/van-jones/) ## More by Henry Hazlitt > [It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It…](https://sms4smile.com/quotes/henry-hazlitt/it-is-often-sadly-remarked-that-the-bad-economists-present-their/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [“This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept their proposals…](https://sms4smile.com/quotes/henry-hazlitt/this-is-perhaps-as-good-a-place-as-any-to-point-out-that-what/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [Government can't give us anything without depriving us of something else.](https://sms4smile.com/quotes/henry-hazlitt/government-can-t-give-us-anything-without-depriving-us-of-something/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private…](https://sms4smile.com/quotes/henry-hazlitt/when-the-government-makes-loans-or-subsidies-to-business-what-it-does/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [“The analysis of our illustrations has taught us another incidental lesson. This is that, when we study the effects of various proposals, not merely…](https://sms4smile.com/quotes/henry-hazlitt/the-analysis-of-our-illustrations-has-taught-us-another-incidental/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [There is a profound contrast between the effects of foreign aid and of voluntary private investment: foreign aid goes from government to government. It…](https://sms4smile.com/quotes/henry-hazlitt/there-is-a-profound-contrast-between-the-effects-of-foreign-aid-and/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation…](https://sms4smile.com/quotes/henry-hazlitt/the-mounting-burden-of-taxation-not-only-undermines-individual/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [Multiculturalism means your kid has to learn some wretched tribal dirge for the school holiday concert instead of getting to sing 'Rudolph the Red-Nosed…](https://sms4smile.com/quotes/henry-hazlitt/multiculturalism-means-your-kid-has-to-learn-some-wretched-tribal/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [It is possible to increase paper-money income to any amount by debasing the currency. But real income can only be increased by working harder…](https://sms4smile.com/quotes/henry-hazlitt/it-is-possible-to-increase-paper-money-income-to-any-amount-by/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflation are…](https://sms4smile.com/quotes/henry-hazlitt/inflation-makes-the-extension-of-socialism-possible-by-providing-the/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [“the desperate need to get back to normal housing and other living conditions stimulated increased efforts. But this does not mean that property destruction…](https://sms4smile.com/quotes/henry-hazlitt/the-desperate-need-to-get-back-to-normal-housing-and-other-living/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages,…](https://sms4smile.com/quotes/henry-hazlitt/yet-it-ought-to-be-clear-that-a-minimum-wage-law-is-at-best-a-limited/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [“It is a misconception to think of the function or result of machines as primarily one of creating jobs . The real result of…](https://sms4smile.com/quotes/henry-hazlitt/it-is-a-misconception-to-think-of-the-function-or-result-of-machines/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [A certain amount of taxes is of course indispensable to carry on essential government functions. Reasonable taxes for this purpose need not hurt production…](https://sms4smile.com/quotes/henry-hazlitt/a-certain-amount-of-taxes-is-of-course-indispensable-to-carry-on/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting economic calculations…](https://sms4smile.com/quotes/henry-hazlitt/a-vital-function-of-the-free-market-is-to-penalize-inefficiency-and/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) [Explore all 148 Henry Hazlitt quotes ](https://sms4smile.com/quotes/author/henry-hazlitt/) ## More Debt quotes > [I'm a strange mixture of my mother's curiosity; my father, who grew up the son of the manse in a Presbyterian family, who had…](https://sms4smile.com/quotes/rupert-murdoch/i-m-a-strange-mixture-of-my-mother-s-curiosity-my-father-who-grew-up/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) > [There is nothing that we can properly call our own but our time, and yet everybody fools us out of it who has a…](https://sms4smile.com/quotes/seneca-the-younger/there-is-nothing-that-we-can-properly-call-our-own-but-our-time-and/) [Seneca the Younger](https://sms4smile.com/quotes/author/seneca-the-younger/) > [Praise will come to those whose kindness leaves you without debt.](https://sms4smile.com/quotes/neil-finn/praise-will-come-to-those-whose-kindness-leaves-you-without-debt/) [Neil Finn](https://sms4smile.com/quotes/author/neil-finn/) > [“Most people, given more money, only get into more debt.”](https://sms4smile.com/quotes/robert-t-kiyosaki/most-people-given-more-money-only-get-into-more-debt/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) > [“An honest man is a debtless man, he doesn't owe anyone anything.”](https://sms4smile.com/quotes/amit-kalantri/an-honest-man-is-a-debtless-man-he-doesn-t-owe-anyone-anything/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [It is perhaps my greatest hope, Mr. President, that some day we'll consider tax and spending measures with no one else in mind but…](https://sms4smile.com/quotes/john-mccain/it-is-perhaps-my-greatest-hope-mr-president-that-some-day-we-ll/) [John McCain](https://sms4smile.com/quotes/author/john-mccain/) > [The American people reject the idea of giving Washington a blank check to increase the debt limit.](https://sms4smile.com/quotes/martha-roby/the-american-people-reject-the-idea-of-giving-washington-a-blank/) [Martha Roby](https://sms4smile.com/quotes/author/martha-roby/) > [Without a trace of irony I can say I have been blessed with brilliant enemies. I owe them a great debt, because they redoubled…](https://sms4smile.com/quotes/e-o-wilson/without-a-trace-of-irony-i-can-say-i-have-been-blessed-with-brilliant/) [E. O. Wilson](https://sms4smile.com/quotes/author/e-o-wilson/) > [I love Black Sabbath. They made an amazing contribution to music today. Almost every band that made it big in the Nineties owed a…](https://sms4smile.com/quotes/dave-grohl/i-love-black-sabbath-they-made-an-amazing-contribution-to-music-today/) [Dave Grohl](https://sms4smile.com/quotes/author/dave-grohl/) > [“The human eye is restricted to see the useen, because there’s a price to be paid to the rulers of this image and if…](https://sms4smile.com/quotes/michael-bassey-johnson/the-human-eye-is-restricted-to-see-the-useen-because-there-s-a-price/) [Michael Bassey Johnson](https://sms4smile.com/quotes/author/michael-bassey-johnson/) > [It is a well-settled principle of the international code that where one nation owes another a liquidated debt which it refuses or neglects to…](https://sms4smile.com/quotes/andrew-jackson/it-is-a-well-settled-principle-of-the-international-code-that-where/) [Andrew Jackson](https://sms4smile.com/quotes/author/andrew-jackson/) > [Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other…](https://sms4smile.com/quotes/john-f-kennedy/student-loans-have-been-helpful-to-many-but-they-offer-neither/) [John F. Kennedy](https://sms4smile.com/quotes/author/john-f-kennedy/) > [Our sins are debts that none can pay but Christ. It is not our tears, but His blood; it is not our sighs, but…](https://sms4smile.com/quotes/thomas-brooks/our-sins-are-debts-that-none-can-pay-but-christ-it-is-not-our-tears/) [Thomas Brooks](https://sms4smile.com/quotes/author/thomas-brooks/) > [Instead of explaining the sober facts of mechanics and electricity, I want to say a few words about the debt which we owe to…](https://sms4smile.com/quotes/felix-bloch/instead-of-explaining-the-sober-facts-of-mechanics-and-electricity-i/) [Felix Bloch](https://sms4smile.com/quotes/author/felix-bloch/) > [“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises…](https://sms4smile.com/quotes/nassim-nicholas-taleb/suckers-think-that-you-cure-greed-with-money-addiction-with/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) [Browse all 2,345 Debt quotes ](https://sms4smile.com/quotes/about/debt/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "..either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation. Once we look at the matter. In this way, the supposed miracles of government spending will appear in another light.", "creator": { "@type": "Person", "name": "Henry Hazlitt" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/henry-hazlitt/either-immediately-or-ultimately-every-dollar-of-government-spending/", "about": { "@type": "Thing", "name": "Debt" }, "@id": "https://sms4smile.com/quotes/henry-hazlitt/either-immediately-or-ultimately-every-dollar-of-government-spending/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/383/henry-hazlitt-2839_debt_either-immediately-or-ultimately-every-d_1320078.jpg", "contentUrl": "https://sms4smile.com/quotes/i/383/henry-hazlitt-2839_debt_either-immediately-or-ultimately-every-d_1320078.jpg", "url": "https://sms4smile.com/quotes/i/383/henry-hazlitt-2839_debt_either-immediately-or-ultimately-every-d_1320078.jpg", "width": 1080, "height": 1080, "caption": "“..either immediately or ultimately every dollar of government spending must be raised through a dollar of…” — Henry Hazlitt", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Henry Hazlitt", "item": "https://sms4smile.com/quotes/author/henry-hazlitt/" }, { "@type": "ListItem", "position": 4, "name": "..either immediately or ultimately every dollar...", "item": "https://sms4smile.com/quotes/henry-hazlitt/either-immediately-or-ultimately-every-dollar-of-government-spending/" } ], "@id": "https://sms4smile.com/quotes/henry-hazlitt/either-immediately-or-ultimately-every-dollar-of-government-spending/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```