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Sugar, rum and tobacco are commodities which are nowhere necessaries of life, which are become objects of almost universal consumption, and which are therefore extremely proper subjects of taxation.
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
Extremely
Commodities
Universal
Tobacco
Therefore
Taxation
Subjects
Commodity
Objects
Consumption
Almost
Sugar
Become
Nowhere
Necessaries
Life
Proper
Rum
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The tolls for the maintenance of a high road, cannot with any safety be made the property of private persons.
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Nothing but the most exemplary morals can give dignity to a man of small fortune.
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The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.
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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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