Margaret Thatcher Quotes About Taxes
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If one generation is expected to carry an excessive burden on behalf of another, it will seek by every means to avoid it. It will either demand that past promises are broken, or it will not work, or it will not pay taxes, or the most talented people will leave. Socialist governments which have tried to tax 'till the pips squeak' have ample experience of that.
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There are significant differences between the American and European version of capitalism. The American traditiionally emphasizes the need for limited government, light regulations, low taxes and maximum labour-market flexibility. Its success has been shown above all in the ability to create new jobs, in which it is consistently more successful than Europe.
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You want to keep more of the money you earn? I'm afraid that's very selfish. We shall want to tax that away. You want to own shares in your firm? We can't have that. The state has to own your firm. You want to choose where to send your children to school? That's very divisive. You'll send your child where we tell you.
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Good Conservatives always pay their bills. And on time. Not like the Socialists who run up other people's bills.
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What really gets me is this - it's very ironic that those who are most critical of extra tax are those who are most vociferous in demanding extra expenditure. What gets me even more is that having demanded that extra expenditure they are not prepared to face the consequences of their own action and stand by the necessity to get the tax to pay for it. I wish some of them had a bit more guts and courage than they have.
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It is your tax which pays for public spending. The government have no money of their own. There is only taxpayers' money.
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Our aim is to make tax collecting a declining industry.
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We very much hope that as we get growth that we can reduce the burden of taxation, that we can reduce income tax and increase the amount of genuine free enterprise and business enterprise... This is going... toward the restoration of the personal responsibility, the independence, with every man a property owner, every man a capitalist.
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Every family should have the right to spend their money, after tax, as they wish, and not as the government dictates. Let us extend choice, extend the will to choose and the chance to choose.
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Margaret Thatcher
- Born: October 13, 1925
- Died: April 8, 2013
- Occupation: Former Prime Minister of the United Kingdom
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