The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth of the economy.
Freedom has many difficulties and democracy is not perfect, but we have never had to put up a wall to keep our people in.
I want to emphasize in the great concentration which we now place upon scientists and engineers how much we still need the men and women educated in the liberal tradition, willing to take the long look, undisturbed by prejudices and slogans of the moment, who attempt to make an honest judgment on difficult events.
History will never accept difficulties as an excuse.
If we are to go only halfway or reduce our sights in the face of difficulty... it would be better to not go at all.
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