Ronald Reagan on Taxes

A wonderful quote from Ronald Reagan. It kind of summaries the feelings of the political elite in many countries, especially at a time like this.

If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

Although one could say that the British authorities forget the "regulate it" step for the UK Banking industry. They went straight from tax it to subsidise it.

Post new comment

The content of this field is kept private and will not be shown publicly.