Winston Churchill: Nation Prosperity Bucket

Posted by admin on Monday, July 11, 2011

Winston Churchill Tax Quotation contributing to the argument over how to achieve economic recovery with a historic comment suggesting the conservative view. Winston Churchill said:
 

 

“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle” — Winston Churchill

 

 

Winston Churchill seems to be using a metaphor to argue that a government cannot tax its way to greater economic prosperity. The analogy compares national taxation to a man trying to lift himself off the ground by pulling up on the handle of a bucket he is standing in – an impossible feat of self-elevation.

Churchill’s view appears to be that while tax revenue funds public services, excessively high taxes do not generate true wealth or growth for a country, but rather act as a drag on the economy similar to how the man in the bucket cannot raise himself up solely through pulling on the handle.

The quote suggests Churchill believed nations must cultivate business and industry to create wealth, not attempt to tax citizens and companies into prosperity.

#NationalWinstonChurchillDay April 9 in 1963, Winston Churchill, Prime Minister of the United Kingdom during World War II, become an Honorary Citizen of the United States

 

Birthday: November 30, 1874 – Death: January 24, 1965

Rothschild: Control of Currency

Posted by admin on Friday, November 12, 2010

Mayer Amschel Rothschild Money Quote saying that he who controls the purse strings, controls a nation, an industry, or a household, regardless of laws or rules. Mayer Amschel Rothschild said:
 

 

“Let me issue and control a nation’s money and I care not who writes the laws” — Mayer Amschel Rothschild

 

 

Mayer Amschel Rothschild was referring to the power that controlling the money or currency of a nation can provide. By “issuing and controlling” a nation’s money, he is likely referring to central banking activities like determining monetary policy and controlling the money supply.

His quote implies that whoever has control over these activities, in effect, has significant influence over a nation’s economy and financial system. It suggests that the ability to influence monetary policy may in some ways be just as or more powerful than the actual laws that are written.

The quote speaks to the strategic importance of monetary policy and how financial power can be used to influence policy-making in a country.

Birthday: February 23, 1744 – Death: July 6, 1812