Friday, October 29, 2021

Thrift And Industry

A heavy progressive tax upon a very large fortune is in no way such a tax upon thrift or industry as a like would be on a small fortune.

-- Theodore (Teddy) Roosevelt, Jr. (1858 - 1919), American statesman, author, explorer, and soldier, 26th President of the United States from 1901 to 1909, Seventh annual message to the US Senate and House of Representatives (3 December 1907), published in A Compilation of the Messages and Papers of the Presidents, 1789-1908, Vol. 11, p. 1242

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