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It must always be remembered, however, that it is the luxuries, and not the necessary expense of the inferior ranks of people, that ought ever to be taxed.
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
Must
Expense
Always
Expenses
People
Luxury
Remembered
Taxed
However
Luxuries
Necessary
Ranks
Ought
Inferior
Ever
Inferiors
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The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
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There is no art which government sooner learns of another than that of draining money from the pockets of the people.
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The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.
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That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of open and fair competition with them, seems contrary to all experience.
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Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
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Secrets in manufactures are capable of being longer kept than secrets in trade.
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The retinue of a grandee in China or Indostan accordingly is, by all accounts, much more numerous and splendid than that of the richest subjects of Europe.
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Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God.
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Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
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The cheapness of wine seems to be a cause, not of drunkenness, but of sobriety. ...People are seldom guilty of excess in what is their daily fare... On the contrary, in the countries which, either from excessive heat or cold, produce no grapes, and where wine consequently is dear and a rarity, drunkenness is a common vice.
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Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
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Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.
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The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
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Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.
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Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.
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A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
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Never complain of that of which it is at all times in your power to rid yourself.
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