"High taxes on the rich do not take burdens off the poor. They put burdens on the poor. As far as our company is concerned, we can go on about as we now are, whether the surtax be 25% or 50%. We can make some improvements, but we cannot do the great things we should do had we more money. We cannot make such progress in the next fifteen years as we have in the last fifteen, and all other forward-looking companies will be in exactly the same boat."
Henry Ford, From Taxation: The People's Business by Andrew Mellon, 1924