Political Quotes

On the recordApril 3, 2001
if you want less of something, tax it another way, another time; if you want more of something, do not tax it. Any time we can remove an impediment from businesses succeeding, we ought to be about it. I am going to diverse just for a moment, because Bill Gates has said this 3 or 4 times in my presence and it has made a big impact on me. He said, as he travels around the world, because he is one of the leaders of the technology revolution that has brought about the strong economy in this country, he says, everywhere he goes, he will go to Japan and he said, why did it not happen here first? Why did it happen in the States? He will go to Germany and Europe and other countries, and he will say, why did it not happen here? We are smart people. And he said the reason it did not happen there and that it happened here is we have the most economic freedom. We have the least bureaucracy. We have the least power in the bureaucracy to control and regulate. Now, a lot of us think we have too much, but we do not have as much as they do. He said, they could not have brought about the changes that were necessary to implement this. This technology was around a while before it took off, before it became this spur to our economy. I just want to say that, because it is that economic freedom of this country that we must defend.
Said by
John W. Peterson
Pennsylvania

Editor's note · Context

Discussing the importance of economic freedom and its role in the technology revolution.

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