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Now many such things may be done without intitling the people to rise in arms. A gross, flagrant, and palpable abuse no doubt will do it, as if they should be required to pay a tax equal to half or third of their substance.
Adam Smith
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Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
May
Taxes
Gross
Without
Pay
Required
Done
Arms
Substance
Many
Equal
Abuse
Things
Philosophy
Third
People
Doubt
Thirds
Half
Economics
Flagrant
Political
Rise
Palpable
More quotes by Adam Smith
When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.
Adam Smith
Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State.
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Problems worthy of attacks, prove their worth by hitting back
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Wonder... and not any expectation of advantage from its discoveries, is the first principle which prompts mankind to the study of Philosophy, of that science which pretends to lay open the concealed connections that unite the various appearances of nature.
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When profit diminishes, merchants are very apt to complain that trade decays though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.
Adam Smith
The natural effort of every individual to better his own condition is so powerful that it is alone, and without any assistance, capable not only of carrying on the society to wealth and prosperity, but of surmounting 100 impertinent obstructions with which the folly of human laws too often encumbers its operations.
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In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.
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Every man lives by exchanging.
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A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural.
Adam Smith
To subject every private family to the odious visits and examination of the tax-gatherers ... would be altogether inconsistent with liberty.
Adam Smith
On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
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How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it.
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Science is the great antidote to the poison of enthusiasm and superstition.
Adam Smith
The uniform, constant, and uninterrupted effort of every man to better his condition . . . is frequently powerful enough to maintain the natural progress of things toward improvement, in spite of the extravagance of government, and of the greatest errors of administration.
Adam Smith
It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
Adam Smith
A very poor man may be said in some sense to have a demand for a coach and six he might like to have it but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.
Adam Smith
The man scarce lives who is not more credulous than he ought to be... The natural disposition is always to believe. It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough.
Adam Smith
Beneficence is always free, it cannot be extorted by force.
Adam Smith
To hinder, besides, the farmer from selling his goods at all times to the best market, is evidently to sacrifice the ordinary laws of justice to an idea of public utility, to a sort of reasons of state an act of legislative authority which ought to be exercised only, which can be pardoned only in cases of the most urgent necessity.
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Men of the most robust make, observe that in looking upon sore eyes they often feel a very sensible soreness in their own, which proceeds from the same reason that organ being in the strongest man more delicate, than any other part of the body is in the weakest.
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