Create Quote by Orrin Woodward
““If the power to tax is the power to destroy then the power to profit is the power to create.””
About This Quote
Taxation can harm, while profit can foster creation and growth.
In simple terms: Tax can destroy;profit can create.
Key Takeaway
Balance policy to protect creation while allowing profit.
Themes
economics
policy
growth
Mood
thoughtful
analytical
Type
policy
economic
When to use this quote
- government budgeting
- business development
- tax reform debates
Key Concepts
taxation theory
entrepreneurship
public finance
Questions to Reflect On
- How can tax policy encourage responsible profit?
- What safeguards prevent profit-driven harm?
A Different Perspective
Profit alone may ignore social equity concerns.
![“Justice [Sonia]Sotomayor said, "Let's talk - you want to talk about the tax power."And I got like a 10-minute run on the tax power. And, boy, was I glad I did because I was able to get across this idea that, yes, this is a narrower ground on which you can affirm it. And I think everybody agrees. I…” quote by Donald Verrilli Jr](https://sms4smile.com/quotes/img-quotes/dc0/donald-verrilli-jr-17929_able_justice-sonia-sotomayor-said-let-s-talk_635926.jpg)
