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An economy cannot long remain prosperous by government's taxing and spending more, now absorbing national output at a rate equal to the entire income of every American living west of the Mississippi. If this trend continues, America will gradually sink into the status of a Third World nation -- more unemployment, more shackles on production, more poverty.
John Hospers (more quotes by John Hospers or books by/about John Hospers)
(1918-2011) Professor Emeritus of Philosophy at the University of Southern California, author
Bankruptcy, Corruption, Debt, Economics, Government, Poverty, Taxation