Irwin Schiff on Uncle Sam as Business Partner
on Wednesday, April 16, 2014Irwin Schiff Money Quotation saying that Uncle Sam sounds more like a local mobster who demands protection money to allow them to operate. Irwin Schiff said:
“A small business person has Uncle Sam as a partner, a partner who puts up no money, does no work, and wants 30 or 40 percent” — Irwin Schiff
This quote by Irwin Schiff is a criticism of the tax system’s impact on small businesses. The best interpretation is that Schiff is comparing the government to an unfair business partner. He suggests that through taxation, the government takes a significant portion of a small business’s profits without contributing to the work or initial investment.
The “30 or 40 percent” likely refers to tax rates. Schiff’s quote implies that this arrangement is burdensome and unfair to small business owners who bear all the risk and effort.
Birthday: February 23, 1928 – October 16, 2015
Samuel Wilson died on July 31, 1854, aged 87, and is buried in Oakwood Cemetery, Troy, New York. In 1989, “Uncle Sam Day” became official. A Congressional joint resolution designated September 13, 1989 as “Uncle Sam Day”, the birthday of Samuel Wilson