Achieve Quote by John D. Rockefeller
“Taxation has its limitations as a method of achieving better economic distribution since for this purpose it is essentially remedial. We must also take a positive approach by finding new ways to spread ownership of future capital growth more broadly in our society.”
About This Quote
Source Speech: Economic Policy Address, 1910
Taxation alone cannot fully achieve equitable wealth distribution; broader ownership of future capital is needed.
In simple terms: Taxes are limited; share ownership.
Key Takeaway
Promote shared capital ownership.
Themes
economics
inequality
policy
ownership
capital growth
Mood
thoughtful
analytical
Type
policy
economic
When to use this quote
- government budgeting
- investment funds
- employee stock ownership plans
- community wealth trusts
Key Concepts
distributional justice
remedial taxation
wealth sharing
Questions to Reflect On
- How can society incentivize broader capital ownership?
- What barriers exist to redistributing future growth?
A Different Perspective
Taxation may be politically contentious and hard to reform.
