„Despite a relative control over expenditure in 2013, the persistence of a very high public deficit (4.3%) was mainly due to an unprecedented and unexpected drop in tax revenue which confirms the existence of a tax tolerance threshold, specific to each country, and which may have been reached in France. Above this threshold, any tax increase has a counterproductive effect as compulsory taxes stifle activity by further weakening the economy’s growth potential.“

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— Éric Pichet

Le programme de stabilité et le pacte de responsabilité : la trajectoire des finances publiques de 2014 à 2017 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2499496 Article in Revue de Droit Fiscal n31-35 (2014).
Tax policy, The Tax tolerance Threshold

Übernommen aus Wikiquote. Letzte Aktualisierung 3. Juni 2021.

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Éric Pichet13

1960

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„When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.“

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— Ron Paul American politician and physician 1935

Deficits Make You Poorer http://www.lewrockwell.com/paul/paul238.html (March 15, 2005).
2000s, 2001-2005

„I repeat: our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve--and I believe this can be done--a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.“

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— John F. Kennedy 35th president of the United States of America 1917 - 1963

Quelle: 1962, Address and Question and Answer Period at the Economic Club of New York

„One of these is an increasing awareness of the benefits to our economy, particularly in terms of investment and enterprise, both local and from overseas, of not having the inquisitorial type of tax system inevitably associated with a full income tax. Another is that even I, who have always believed in the vigour of our economy under our present tax regime, have been surprised by the growth of revenue generated at our present tax rates.“

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— John James Cowperthwaite British colonial administrator 1915 - 2006

March 29, 1967, page 248.
Official Report of Proceedings of the Hong Kong Legislative Council

„Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance our budget just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.“

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— John F. Kennedy 35th president of the United States of America 1917 - 1963

Quelle: 1962, Address and Question and Answer Period at the Economic Club of New York

„In any case of the budget deficit the private sector of the economy receives more from government expenditure than it pays in taxes.“

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— Michał Kalecki Polish economist 1899 - 1970

Quelle: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 51

„If a tax cut increases government revenues, you haven't cut taxes enough.“

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— Milton Friedman American economist, statistician, and writer 1912 - 2006

As quoted in "Milton Friedman's Last Lunch" at Forbes.com (11 December 2006)

„Gibson: And in each instance, when the [capital gains tax] rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
Obama: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.“

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— Barack Obama 44th President of the United States of America 1961

Interview on ABC News (16 April 2008) http://abcnews.go.com/Politics/DemocraticDebate/Story?id=4670271&page=3
2008

„This government thinks that somehow you can build prosperity with new taxes. No country ever got rich by increasing taxation. No country ever built a strong economy by clobbering itself with tax after tax after tax.“

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— Tony Abbott Australian politician 1957

Quoted in "Fact file: What Tony Abbott promised on tax" http://www.abc.net.au/news/2014-05-01/fact-file-what-tony-abbott-promised-on-tax/5420226 ABC News, July 23, 2014.
2011

„Unfortunately, the Laffer curve did not work as advertised. Lower tax rates did not produce more tax revenues. They produced deficits.“

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— Robert Kuttner American journalist 1943

Quelle: The Economic Illusion (1984), Chapter 5, Taxes, p. 208
Kontext: The total impact of the Reagan tax cuts on capital lowered the effective cost of capital to American industry by an estimated 1.2 percent. Unfortunately, the Laffer curve did not work as advertised. Lower tax rates did not produce more tax revenues. They produced deficits.

„We must stop spending money that we just don’t have. Historic debt leads to historic tax increases, which stifle job growth.“

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— Kristi Noem South Dakota politician 1971

Lawrence, Tom. S.D. Rep. Noem pushes for big cuts in federal spending http://www.mitchellrepublic.com/event/article/id/50875/group/homepage/, The Daily Republic, March 11, 2011.

„The decline in natural-gas revenues has been dramatic and the degree to which we are dependent on oil revenues, it is time for us to consider an increase in corporate and personal tax.“

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— Peter Lougheed Canadian politician 1928 - 2012

NDP releases "extremist of the Day" number 1 http://www.albertandp.ca/ndp_releases_extremist_of_the_day_number_1, quoted in the Edmonton Journal on May 11, 2011, Alberta's NDP (April 9, 2015)

„Revenue has increased in this way is in no small measure, I am convinced, due to our low tax policy which has helped to generate an economic expansion in the face of unfavourable circumstances“

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— John James Cowperthwaite British colonial administrator 1915 - 2006

February 26, 1964, page 53.
Official Report of Proceedings of the Hong Kong Legislative Council

„Ultimately, taxes are being paid for by your and my freedom because we have to spend more time to make the money to pay for those taxes. The current reality is that with a deficit that is going to double in the next eight years is that taxes, currently, as it stands right now, taxes are going up, unless there becomes a real movement to understand that we should be reducing taxes and not allowing taxes to increase.“

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— Gary Johnson American politician, businessman, and 29th Governor of New Mexico 1953

Statement on Taxes
YouTube
2011-08-23
http://youtu.be/227YyBf7-KQ
2012-02-24
2011

„In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.“

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— John F. Kennedy 35th president of the United States of America 1917 - 1963

1962, Address and Question and Answer Period at the Economic Club of New York (549)

„If the States may tax one instrument, employed by the Government in the execution of its powers, they may tax any and every other instrument. They may tax the mail; they may tax the mint; they may tax patent rights; they may tax the papers of the custom house; they may tax judicial process; they may tax all the means employed by the Government to an excess which would defeat all the ends of Government. This was not intended by the American people. They did not design to make their Government dependent on the States. […] If the controlling power of the States be established, if their supremacy as to taxation be acknowledged, what is to restrain their exercising control in any shape they may please to give it? Their sovereignty is not confined to taxation; that is not the only mode in which it might be displayed. The question is, in truth, a question of supremacy, and if the right of the States to tax the means employed by the General Government be conceded, the declaration that the Constitution and the laws made in pursuance thereof shall be the supreme law of the land is empty and unmeaning declamation.“

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— John Marshall fourth Chief Justice of the United States 1755 - 1835

17 U.S. (4 Wheaton) 316, 432-433
McCulloch v. Maryland (1819)

„On the level of political principle, the imposition of taxes and the expenditure of tax proceeds are governmental functions.“

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— Milton Friedman American economist, statistician, and writer 1912 - 2006

"The Social Responsibility of Business is to Increase its Profits" in The New York Times Magazine (13 September 1970) http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Kontext: On the level of political principle, the imposition of taxes and the expenditure of tax proceeds are governmental functions. We have established elaborate constitutional, parliamentary and judicial provisions to control these functions, to assure that taxes are imposed so far as possible in accordance with the preferences and desires of the public — after all, "taxation without representation" was one of the battle cries of the American Revolution. We have a system of checks and balances to separate the legislative function of imposing taxes and enacting expenditures from the executive function of collecting taxes and administering expenditure programs and from the judicial function of mediating disputes and interpreting the law.
Here the businessman — self-selected or appointed directly or indirectly by stockholders — is to be simultaneously legislator, executive and, jurist. He is to decide whom to tax by how much and for what purpose, and he is to spend the proceeds — all this guided only by general exhortations from on high to restrain inflation, improve the environment, fight poverty and so on and on.

„The only company to have made a profit is the one in the tax haven, but because it’s in a tax haven, it doesn’t pay tax. This is how a company is able to generate revenue without having to pay tax anywhere. In tax havens, boundaries between what’s legal and illegal become very blurred. The recent leak on the Panama Papers revealed how international leaders, celebrities and businessmen from all over the world were using offshore companies to avoid making their assets public and, in some cases, potentially to dodge tax or hide illegal activities. Panama is where criminal capitalism and legal capitalism become one. … Today in the heart of Panama you can still find the money of Mexican Narcos and major European businessmen. Different origin, same advantages.“

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— Roberto Saviano Italian journalist, writer and essayist 1979

Dirty Money in London event (2016)

„Taxes. Everyone desires a reduction of taxes, and there is a great preponderance of sentiment in favor of taxation reform. When I approved the present tax law, I stated publicly that I did so in spite of certain provisions which I believed unwise and harmful. One of the most glaring of these was the making public of the amounts assessed against different income-tax payers. Although that damage has now been done, I believe its continuation to be detrimental To the public welfare and bound to decrease public revenues, so that it ought to be repealed.“

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— Calvin Coolidge American politician, 30th president of the United States (in office from 1923 to 1929) 1872 - 1933

1920s, Second State of the Union Address (1924)

„The rich have grown richer, but their tax rate has declined. The poor have grown poorer, but their taxes have increased.“

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— Michael Parenti American academic 1933

Quelle: Democracy for the Few (2010 [1974]), sixth edition, Chapter 6, p. 81

„We shall increase income tax on the better off so that we can help the hundreds of thousands of families now tangled helplessly in the poverty trap by raising the tax threshold and introducing reduced rates of tax for those at the bottom of the ladder. I warn you, there are going to be howls of anguish from the rich. But before you cheer too loudly let me warn you that a lot of you will pay extra taxes too.“

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— Denis Healey British Labour Party politician and Life peer 1917 - 2015

Speech to the Labour Party Conference at Blackpool (1 October 1973).
1970s

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