Creating Quote by Herbert Hoover
“The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks.”
About This Quote
Source Speech: Public Address, United States, 1929
Advocates spreading property ownership widely to ensure economic security and personal freedom, opposing collectivism and high taxes.
In simple terms: Broad property ownership secures freedom and stability.
Key Takeaway
Promote policies that broaden wealth distribution.
Themes
property rights
economic security
individual liberty
tax policy
wealth distribution
Mood
optimistic
determined
critical
Type
political
economic
philosophical
When to use this quote
- government policy debates
- tax reform proposals
- community wealth building
- financial education programs
Key Concepts
capitalism
libertarianism
economic theory
Questions to Reflect On
- How can wealth be diffused without harming entrepreneurial drive?
- What safeguards ensure fair distribution?
A Different Perspective
Critics argue that diffusion may not address systemic inequality or may reduce incentives for innovation.
![“[The right] may never bring prayer back to schools, but it has rescued all manner of rightwing economic nostrums from history's dustbins. Having rolled back the landmark economic reforms of the sixties (the war on poverty) and those of the thirties (labor law, agricultural price supports, banking…” quote by Thomas Frank](https://sms4smile.com/quotes/img-quotes/63d/thomas-frank-4078_accomplishment_the-right-may-never-bring-prayer-back-to_3061293.jpg)
