Capitalism Quote by John Ralston Saul
“There's nothing wrong with paying taxes; they should be paid in proportion to how rich you are. This idea that you're going to get better growth by cutting taxes at the top has no historical justification. And it's certainly not an argument in favor of capitalism.”
About This Quote
Source Essay: “The Myth of Tax Cuts”, 2018
Taxes should be progressive; cutting top rates doesn’t guarantee growth and lacks historical support.
In simple terms: Progressive taxes are fair.
Key Takeaway
Advocate equitable tax policy.
Themes
tax policy
economics
fairness
Mood
analytical
balanced
Type
policy
economic
When to use this quote
- budget planning
- legislative debate
- public advocacy
Key Concepts
public finance
political theory
Questions to Reflect On
- What evidence supports progressive taxation?
- How to address growth concerns?
A Different Perspective
Political opposition may argue growth benefits.
![“Look at what I am proposing, and we [wih Bernie Sanders] have a vigorous agreement here. We both want to reign in the excesses of Wall Street. I also want to reign in the excesses of Johnson Controls that we bailed out when they were an autoparts company, and we saved the auto industry, and now…” quote by Hillary Clinton](https://sms4smile.com/quotes/img-quotes/ea8/hillary-clinton-51_agreement_look-at-what-i-am-proposing-and-we-wih-b_49820.jpg)
![“Neither Italian fascism nor German national "socialism" have anything in common with such a [Soviet socialistic] society, primarily because private ownership of factories, plants, lands, banks, means of transportation, etc., remain untouched there, and, therefore, capitalism in Germany and Italy…” quote by Joseph Stalin](https://sms4smile.com/quotes/img-quotes/411/joseph-stalin-1734_capitalism_neither-italian-fascism-nor-german-natio_1430.jpg)
