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He put it to his hon. friend the member for Taunton, whether for the sake of increasing the fictitious value of stock, the grinding taxation which encroached on the capital that formed the foundation of credit, ought to be endured? He put it to his powerful mind, whether it would not be better to leave in the pockets of the people what increased and fructified with them, than, by taking all away, to ruin them and annihilate the revenue?
--
Lord Milton (14 June, 1821).

 

William Ewart Gladstone

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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.

 

Barack Obama

 

Voluntary taxation, far from impairing the "State's" credit, would strengthen it. In the first place, the simplification of its functions would greatly reduce, and perhaps entirely abolish, its need to borrow, and the power to borrow is generally inversely proportional to the steadiness of the need. It is usually the inveterate borrower who lacks credit. In the second place, the power of the State to repudiate, and still continue its business, is dependent upon its power of compulsory taxation. It knows that, when it can no longer borrow, it can at least tax its citizens up to the limit of revolution. In the third place, the State is trusted, not because it is over and above individuals, but because the lender presumes that it desires to maintain its credit and will therefore pay its debts. This desire for credit will be stronger in a "State" supported by voluntary taxation than in the State which enforces taxation.

 

Benjamin Tucker

 

The aggregate capital appears as the capital stock of all individual capitalists combined. This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.

 

Karl Marx

 

[Increasing] politicization means the [economic] expansion is slowing up and you are no longer attempting to achieve increased output per capita, or increased wealth, or increased satisfactions... but you are doing so by mobilizing power. We have seen this going on for almost a century. ...increased militarization.

 

Carroll Quigley

 

I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.

 

John Maynard Keynes