Finance Quotes

Burdening people with debt is an old deal not a new deal.

Old men are always advising young men to save money. That is bad advice. Don't save every nickel. Invest in yourself. I never saved a dollar until I was forty years old.

It is regrettable that people think about our monetary system, and of our economic structure, only in times of depression.

To contract new debts is not the way to pay old ones.

No taxes can be devised which are not more or less inconvenient and unpleasant.

One method of preserving it is, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear.

In many ways, from cutting budget, reducing expenses, keeping down, for example, in every field that I know, we have tried to be on the conservative, middle-of-the-road side. But that has not apparently been publicized sufficiently.

As quickly as you start spending federal money in large amounts, it looks like free money.

We are deeply unified in our support of basic principles: our belief in stability in our financial structure, in our determination we must have fiscal responsibility, in our determination not to establish and operate a paternalistic sort of government where a man's initiative is almost taken away from him by force.

I salute the poor of our country who have deposited more than Rs 20,000 crore in Jan Dhan Bank Accounts...

Direct benefit transfer is a big reform. Earlier who knew where MNREGA money was going? Now it is sent by DBT. So are gas subsidy payments and student scholarships. For me all these are reforms in governance, transparency.

Taxation according to income is the most effective instrument yet devised to obtain just contribution from those best able to bear it and to avoid placing onerous burdens upon the mass of our people.

If a government is to be prudent its taxes must produce ample revenues without discouraging enterprise; and if it is to be just it must distribute the burden of taxes equitably.

Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.

Here is my principle: Taxes shall be levied according to ability to pay. That is the only American principle.

In finance, everything that is agreeable is unsound, and everything that is sound is disagreeable.

We have pushed taxation of wealth to a point in Great Britain where in many cases the yield would be greater if the rate were less. The idea that prosperity can be wooed by chasing millionaires is one of the most common and most foolish of modern popular delusions.

If I had my way, I would write the word 'insure' over every door of every cottage and upon the blotting pad of every public man, because I am convinced that, for sacrifice that are conceivably small, families can be secured against catastrophes which otherwise would smash them forever.