Andrew Mellon
1855 - 1937
5
Quotes
Biography
Andrew Mellon was an American banker, businessman, and politician who served as the Secretary of the Treasury from 1921 to 1932. He played a key role in shaping economic policy during the 1920s, advocating for low taxation and fiscal conservatism. Mellon was instrumental in the establishment of modern income tax laws and the reduction of the national debt. He was also a prominent art collector and philanthropist, founding the National Gallery of Art in Washington, D.C. His financial acumen and political influence made him one of the most powerful figures in American business and politics of his time.
Famous Quotes (5)
1
The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income.
2
Don't let adverse facts stand in the way of a good decision.
3
Golf is not mere child's play; it is a scientific game and a fine test of the nerves.
4
There is no dignity quite so impressive, and no independence quite so important, as living within your means.
5
A balanced program for tax reform will assure economic stability and growth.