Thomas Mellon Quotes

Lee Mellon told me that he was born in Meridian, Mississippi, and grew up in Florida, Virginia, and North Carolina, 'Near Asheville,' he said. 'That's Thomas Wolfe country.' 'Yeah,' I said. Lee Mellon didn't have any Southern accent. 'You don't have much of a Southern accent,' I said. 'That's right, Jesse. I read a lot of Nietzsche, Schopenhauer and Kant when I was a kid,' Lee Mellon said. I guess in some strange way that was supposed to get rid of a Southern accent. Lee Mellon thought so, anyway. I couldn't argue because I had never tried a Southern accent against the German philosophers.

Guess what? ★ Without grand programs, Harding and Coolidge presided over one of the most economically prosperous times in America’s history. ★ Under Treasury secretary Andrew Mellon, the top income tax rate fell from 73 percent to 40 percent and later to 25 percent, but the greatest proportional reductions occurred in the lower income brackets, where people saw most of their income tax burden eliminated altogether.

In 1818, five-year-old Thomas Alexander Mellon emigrated with his family from Northern Ireland to Pennsylvania. Inspired to seek riches by The Autobiography of Benjamin Franklin, Thomas studied hard and became a lawyer, and then a judge. He saved his money, bought vast stretches of downtown Pittsburgh real estate, and opened T. Mellon and Sons Bank, where he placed a life-size statue of his hero, Ben Franklin, above the door. In 1890, Thomas gave control of the bank to his son Andrew. Andrew transformed the bank into the Mellon National Bank, and as the family fortune swelled, he invested in other industries, too. Some of the investments became Gulf Oil, Alcoa, and Union Steel. Over time,

But the actual arguments advocated by Secretary Mellon had nothing to do with a “trickle-down theory.” Mellon pointed out that, under the high income tax rates at the end of the Woodrow Wilson administration in 1921, vast sums of money had been put into tax shelters such as tax-exempt municipal bonds, instead of being invested in the private economy, where this money would create more output, incomes and jobs.[8

None of these facts requires extraordinary research in esoteric places. One need only read Mellon’s book Taxation to see what he advocated, and look at the published records of the Internal Revenue Service to see what happened. Both of these sources are available in libraries or on the Internet. That renowned historians and economists failed to check these readily available sources is just one sign of what can happen in an academic monoculture where the promotion of a social vision takes precedence over the search for facts—and where there are few people with fundamentally different views who would challenge what was said.

Former pastry chef Sam Mason opened Oddfellows in Williamsburg with two business partners in 2013 and has since developed upwards of two hundred ice cream flavors. Many aren't for the faint of heart: chorizo caramel swirl, prosciutto mellon, and butter, to name a few. Good thing there are saner options in the mix like peanut butter & jelly, s'mores, and English toffee. A retro scoop shop off Bowery, Morgenstern's Finest Ice Cream has been bringing fanciful flavors to mature palettes since opening in 2014. Creator Nicholas Morgenstern, who hails from the restaurant world, makes small batches of elevated offerings such as strawberry pistachio pesto, lemon espresso, and Vietnamese coffee. Ice & Vice hails from the Brooklyn Night Bazaar in Greenpoint, and owners Paul Kim and Ken Lo brought it to the Lower East Side in 2015. Another shop devoted to quality small batches, along with weird and wacky flavors, you'll find innovations like Farmer Boy, black currant ice cream with goat milk and buckwheat streusel, and Movie Night, buttered popcorn-flavored ice cream with toasted raisins and chocolate chips.