There are risks and costs to action. But they are far less than the long range risks of comfortable inaction.
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.
We will not prematurely or unnecessarily risk the costs of a worldwide nuclear war in which even the fruits of victory would be ashes in our mouth - but neither shall we shrink from that risk any time it must be faced.
[High income tax rates] not only check consumption but discourage investment and encourage...the avoidance of taxes [rather] than the production of goods.[...]Our present tax system...reduces the financial incentives for personal effort, investment, and risk-taking.
Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoidtaxliabilities.
For to save mankind's future freedom, we must face up to any risk that is necessary. We will always seek peace - but we will never surrender.
While it may be theoretically possible to demonstrate the risks inherent in any treaty... the far greater risk to our security are the risks of unrestricted testing, the risks of a nuclear arms race, the risks of new nuclear powers.
No treaty, however much it may be to the advantage of all, however tightly it may be worded, can provide absolute security against the risks of deception and evasion. But it can, if it is sufficiently effective in its enforcement and if it is sufficiently in the interests of its signers, offer far more security and far fewer risks than an unabated, uncontrolled, unpredictable arms race.
Should I become President...I will not risk American lives...by permitting any other nation to drag us into the wrong war at the wrong place at the wrong time through an unwise commitment that is unwise militarily, unnecessary to our security and unsupported by our allies.
I also want to take cognizance of the fact that this flight was made out in the open with all the possibilities of failure, which would have been damaging to our country's prestige. Because great risks were taken in that regard, it seems to me that we have some right to claim that this open society of ours which risked much, gained much.
I am fully aware of the fact that the Democratic Party, by nominating someone of my faith, has taken on what many regard as a new and hazardous risk.
Bring the absolute power to destroy other nations under the absolute control of all nations. Weapons of war must be abolished before they abolish us...No longer is the quest for disarmament a sign of weakness, (nor) the destruction of arms a dream - it is a practical matter of life or death. The risks inherent in disarmament pale in comparison to the risks inherent in an unlimited arms race.
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