It is a national problem that relates, in the long run, just as much to people who live in cities as it does to people who live on farms.
We should apply the same principle to corporations.
I am heartily in favor of Section ii.
Taxes must produce ample revenues without discouraging enterprise.
A tax upon inherited economic power is a tax upon static wealth, not upon that dynamic wealth.
By the substitution of appropriate commemorative medals for special fifty-cent pieces much is to be gained.
We need to simplify and clarify our revenue laws.
The community has profited in those cases in which large-scale production has resulted in substantial economies and lower prices.
Great accumulations of wealth cannot be justified on the basis of personal and family security.
This new proposal for the striking of suitable medals will, I believe, encourage the adequate observance of these anniversaries.
The practice of striking special coins in commemoration of historical events... is a misuse of our coinage system.
It seems only equitable, therefore, to adjust our tax system in accordance with economic capacity, advantage and fact.
I don't see why not.
Historical events could be very suitably and properly commemorated through the striking by the Government of medals in lieu of coins.
I renew, however, at this time the recommendations made by my predecessors for the submission and ratification of a Constitutional Amendment...
I think this is going to be the dullest for news on record.
I should say you are absolutely right, but I hesitate to say so on the record for fear somebody would start a boom in North American stock.
The duty rests upon the Government to restrict such incomes by very high taxes.
