At a recent business conference, the chairman is quoted as having said, with reference to our tax structure, which he said could be improved, but that taxes would continue to be high for a “long time”: “Better, then, to face up to this fact, and then go ahead with business expansion plans. As a short range effect, business will be helping to get and keep the economy on its feet and the principles of private enterprise more firmly entrenched.”
The ultimate principle behind this is just as sinister as the “no-trouble” concept. It reduces itself to this: Accept the spendthrift policies of government, and make no fight against them, take no aggressive stand, and, of course, no aggressive measures, but make all the money you can, and so furnish to the revolutionary crew more taxes with which to carry out all their perverting plans and policies.
It is reported further that business and industry are at the moment much perturbed lest there should be a violent depression that shall bring on trouble; so we must do more pump priming. Here again we are to yield all that is asked—go ahead somehow and make money, more money, and more money, for the revolutionists to spend, tying us down, in the thought that this will forestall the evil day.
Source: J. Reuben Clark Jr., LDS Church News, 25 September 1949. J. Reuben Clark Jr. (1871–1961), served as a member of the First Presidency of The Church of Jesus Christ of Latter-day Saints, 1931–1961. Prior to his full-time church service he was assistant solicitor to the State Department, worked in the Attorney General’s office, Under Secretary of State, the author of the classic study, the “Clark Memorandum on the Monroe Doctrine” and U.S. ambassador to Mexico. Among those who knew his work best, J. Reuben Clark was recognized as the foremost constitutional scholar of the 20th Century.