Government-to-government Foreign Aid Promotes Statism, Centralized Planning,

When People Who Earn More Than The Average Have Their 'surplus', Or The Greater Part Of It, Seized From Them In Taxes, And When People Who Earn Less Than Average Have The Deficiency , Or The Greater Part Of It, Turned Over To Them In Hand-outs And Doles, The Production Of All Must Sharply Decline; For The Energetic And Able Who Lose Their Incentive To Produce More Than The Average, And The Slothful And Unskilled Lose Their Incentive To Improve Their Condition.

The Only Way We Could Remember Would Be By Constant Re-reading, For Knowledge Unused Tends To Drop Out Of Mind. Knowledge Used Does Not Need To Be Remembered; Practice Forms Habits And Habits Make Memory Unnecessary. The Rule Is Nothing; The Application Is Everything.

The Mounting Burden Of Taxation Not Only Undermines Individual Incentives To Increased Work And Earnings, But In A Score Of Ways Discourages Capital Accumulation And Distorts, Unbalances, And Shrinks Production.

..either Immediately Or Ultimately Every Dollar Of Government Spending Must Be Raised Through A Dollar Of Taxation. Once We Look At The Matter. In This Way, The Supposed Miracles Of Government Spending Will Appear In Another Light.

The Larger The Percentage Of The National Income Taken By Taxes The Greater The Deterrent To Private Production And Employment. When The Total Tax Burden Grows Beyond A Bearable Size, The Problem Of Devising Taxes That Will Not Discourage And Disrupt Production Becomes Insoluble.