Adam Smith Defends Taxes

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. The expense of government to the individuals of a great nation, is like the expense of management to the joint tenants of a great estate, who are all obliged to contribute in proportion to their respective interests in the estate.


Which should be proportional to a person's monetary interest in the country. The more of America you own, the more you have for the government to protect.

Folksonomies: politics capitalism taxation

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 The Wealth of Nations
Books, Brochures, and Chapters>Book:  Smith , Adam (2011-07-22), The Wealth of Nations, Simon & Brown, Retrieved on 2011-09-28
  • Source Material []
  • Folksonomies: capitalism competition free market


    28 SEP 2011

     Elizabeth Warren Evokes Adam Smith

    Nobody in This Country Got Rich on His Own > Similarity > Adam Smith Defends Taxes
    She argues that the financially successful owe some of their success to the stability of the society that fostered them; Adam Smith argued that the more you owned, the more you owed back to the society in which you are invested.