Talk:Andrew Mellon: Difference between revisions
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== Liquidate quote == |
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Why isn't his famous "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate" quote included? It's what he's most known for among people who are not professional historians... [[User:AnonMoos|AnonMoos]] ([[User talk:AnonMoos|talk]]) 05:45, 21 October 2018 (UTC) |
Revision as of 05:45, 21 October 2018
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References
www.thepeerage.com uses Wikipedia as a reference so would be a mirror site. Otr500 (talk) 03:30, 8 January 2016 (UTC)
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Mellon Tax Plan
The article states, as if it were a matter of plain, established fact:
"As Mellon had postulated, reducing tax rates on the wealthy class encouraged wealthy individuals to invest more into projects that contributed to the infrastructural development of cities and neighborhoods within. In New York City during the 1920s, the social ramifications were realized as many neighborhoods sprang up and were settled by people of different ethnicities and income that has given the city the cultural diversity for which it is known today.[14]"
I don't believe this to be an undisputed fact, indeed, it could be argued--and has been--that Mellon's tax cut from 77% to 25%, in the boom times of an unregulated stock market and real estate market, helped feed the stock and real estate bubbles which exploded so catastrophically in 1929. The wealthy, having a lower marginal propensity to consume, were far more likely to speculate than consume. — Preceding unsigned comment added by 198.188.255.75 (talk) 21:58, 17 May 2017 (UTC)
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Liquidate quote
Why isn't his famous "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate" quote included? It's what he's most known for among people who are not professional historians... AnonMoos (talk) 05:45, 21 October 2018 (UTC)
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