Government takeover

Government takeover

Cry Wolf Quotes

Did you know that agents of the Occupational Safety and Health Administration can raid a place of business any time they want?

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Richard Lesher, the president of the U.S. Chamber of Commerce, Chamber of Commerce Publications, 1975.

[Estates] are valuable only for what they can produce. If seized by the government they can produce nothing, and if such seizures increase in amount beyond a reasonable limit they must prove not only valueless in themselves but must destroy the sources of production which otherwise would continue to finance the government and provide for the people.

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Chicago Daily Tribune.
04/04/1924 | Full Details | Law(s): Tax: Estate

No manufacturer can possibly continue in business except by the grace of the officials in Washington.

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An unnamed pharmaceutical industry lawyer’s prediction.

The Federal Government should keep estate taxes as a reserve in times of national stress. All prior inheritance taxes have been war taxes; and it is only now that it is proposed to destroy this reserve in times when revenues from other sources are adequate and even in excess of the Nation's needs. Such a course of action is not only thoroughly unsound but borders on economic suicide.

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Andrew W. Mellon.
04/01/1924 | Full Details | Law(s): Tax: Estate