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

    Memes

    28 SEP 2011

     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.
     1  1  notes

    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.