Quote by Ronald Reagan
“The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us. Business doesn't pay taxes, and who better than business to make this message known? Only people pay taxes, and people pay as consumers every tax that is assessed against a business. Begin with the food and fiber raised in the farm, to the ore drilled in a mine, to the oil and gas from out of the ground, whatever it may be -- through the processing, through the manufacturing, on out to the retailer's license. If the tax cannot be included in the price of the product, no one along that line can stay in business.”
Be the first to react on this!
Group of Brands
© 2026 Bibleportal.com All rights reserved.
Ronald Wilson Reagan was the 40th President of the United States (1981–1989) and the 33rd Governor of California (1967–1975). Born in Tampico, Illinois, Reagan moved to Los Angeles, California in the 1930s. He began a career in filmmaking and later television, making 52 films and gaining enough success to become a household name.
As president, Reagan implemented sweeping new political and economic initiatives. His supply-side economic policies, dubbed "Reaganomics," advocated reduced business regulation, controlling inflation, reducing growth in government spending, and spurring economic growth through tax cuts.
Reagan left office in 1989. In 1994, the former president disclosed that he had been diagnosed with Alzheimer's disease earlier in the year; he died ten years later at the age of 93. He ranks highly among former U.S. presidents in terms of approval rating.