To tax yourself into prosperity

Hi,
What does it mean "to tax yourself into prosperity"?

You haven't provided any context. I assume that we are speaking here of a government rather than an individual, since the normal situation is that the govt. taxes and the individual person pays tax.

In general, I guess the idea is this.
The country and its citizens are not prosperous.
The govt. makes the cit

materinaduszkaWhat does it mean "to tax yourself into prosperity"?

This is said to remind the politicians that if they continue raising taxes the economy will never recover. The logic is fairly simple but very few people seem to understand it.
1) Government raises taxes.
2) People have less money.
3) Government wastes money from step 1)
4) In or

I wasn't provided with any longer text passage myself, only with the sentence: “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle".

Thank You!

Marta

As you have no doubt discovered this quote is from Winston Churchill.