I can state that, number one, government is not in the business of creating wealth. Government is in the business of redistributing wealth. People, hardworking American people who go out and save and risk and take chances and work hard and build businesses, those are the people who create wealth in our society. Those are the people who create jobs in our society. I am unaware of any society that has ever taxed itself into prosperity. So apparently folks from the other side of the aisle must be reading different economic history text than I am. You cannot tax yourself into prosperity. And I might add for the benefit of those on the other side of the aisle, you cannot sue your way into prosperity either. That is their plan for America. It is a failed plan. It does not work.
Jeb Hensarling: “I can state that, number one, government is not in the business of creating wealth. Government is in the business of…”
On the recordNovember 5, 2003
Source
govinfo.govEditor's note · Context
Discussing economic principles and government roles in wealth creation during a floor speech.
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