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Posts Tagged ‘Adam Smith’

The subjects of every state ought to contribute towards 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.
     —    Adam Smith
From his book:  “The Wealth of Nations“, 1775
[From each according to his ability sounds suspiciously like Communism to me.  Obviously, Adam Smith would know nothing about capitalism or taxation cause he was “only” one of the pioneers of political economics.  Just saying…    —    KMAB]
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