Questions 38 – 40 refer to the following excerpt. “We mu…
Questions 38 – 40 refer to the following excerpt. “We must have tax reform. The method of raising revenue ought not to impede the transaction of business; it ought to encourage it. I am opposed to extremely high rates, because they produce little or no revenue, because they are bad for the country, and, finally, because they are wrong. We cannot finance the country, we cannot improve social conditions, through any system of injustice, even if we attempt to inflict it upon the rich. Those who suffer the most harm will be the poor. . . . The wise and correct course to follow in taxation and all other economic legislation is not to destroy those who have already secured success but to create conditions under which everyone will have a better chance to be successful.” – President Calvin Coolidge, inaugural address, 1925 Question: The ideas expressed in the excerpt by Coolidge were most similar to the ideas of which of the following?