Andrew Mellon
Andrew Mellon
Andrew William Mellonwas an American banker, businessman, industrialist, philanthropist, art collector, United States Ambassador to the United Kingdom and United States Secretary of the Treasury from March 9, 1921 to February 12, 1932, from the wealthy Mellon family of Pennsylvania...
NationalityAmerican
ProfessionBusinessman
Date of Birth24 March 1855
CountryUnited States of America
Andrew Mellon quotes about
yield government people
The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income. The result is that the sources of taxation are drying up; wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the Government nor profit to the people.
ties gentleman preference
Gentlemen prefer bonds.