Quotable: Adam Smith said WHAT?

“The subjects of every state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to …the revenue which they respectively enjoy under the protection of the state ….[As Henry Home (Lord Kames) has written, a goal of taxation should be to] ‘remedy inequality of riches as much as possible, by relieving the poor and burdening the rich.'”

–Adam Smith, The Wealth of Nations

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1 Response to Quotable: Adam Smith said WHAT?

  1. john says:

    Adam Smith sounds like a good socialist.
    Islamic law even better, no income taxes, only wealth is taxed.

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