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Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away

Ludwig von Mises

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Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
Would
Progressive
People
Income
Profit
Saved
Taxed
Parts
Invested
Means
Profits
Away
Taxation
Mean
Precisely

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Every socialist is a disguised dictator.
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Some think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.
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Nobody ever recommended a dictatorship aiming at ends other than those he himself approved. He who advocates dictatorship always advocates the unrestricted rule of his own will
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The history of mankind is the history of ideas. For it is ideas, theories, and doctrines that guide human action, determine the ultimate ends men aim at, and the choice of the means employed for the attainment of these ends.
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The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social function of adjusting production to the most urgent demand. Because of these merits the consumers chose them for business leadership.
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The first socialists were the intellectuals they, and not the masses, are the backbone of Socialism.
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No one can escape the influence of a prevailing ideology.
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A genius is always a teacher, never a pupil he is always self-made.
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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There is no kind of freedom and liberty other than the kind which the market economy brings about.
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The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.
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The state can be and has often been in the course of history the main source of mischief and disaster.
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There is, in fact, only one solution: the state, the government, the laws must not in any way concern themselves with schooling or education. Public funds must not be used for such purposes. The rearing and instruction of youth must be left entirely to parents and to private associations and institutions
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Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.
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Our whole civilization rests on the fact that men have always succeeded in beating off the attack of the re-distributors.
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Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.
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