Monday, October 25, 2010

Adam Smith: Pro-Tax

"The rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

Adam Gopnik's recent article in The New Yorker demonstrates that Smith, the father of capitalism, was far more concerned with the ability of producers to band together and promote unfair prices for consumers than he was about government interference in the market.  Indeed, he welcomed government interference insofar as it necessary to promote competition and protect consumers from wealthy businesses.

The interest of manufacturers and merchants "in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public.  To widen the market and to narrow the competition, is always the interest of the dealers... and can serve only to enable the dealers, by raising their profits, above what they naturally would be, to levy, or their own benefit, an absurd tax upon the rest of their fellow-citizens."

10 comments:

oakleyses said...

ninest123 16.02
nike free run uk, air force, new balance pas cher, longchamp, michael kors, michael kors, air max, nike free, hollister, sac longchamp, abercrombie and fitch, ralph lauren pas cher, nike roshe run, longchamp pas cher, vans pas cher, timberland, lacoste pas cher, converse pas cher, burberry, nike trainers, oakley pas cher, sac guess, louboutin pas cher, north face, hermes, michael kors, true religion jeans, nike air max, nike roshe, mulberry, air jordan pas cher, tn pas cher, lululemon, hogan, true religion jeans, true religion jeans, ray ban pas cher, nike blazer, michael kors, coach purses, coach outlet, nike air max, vanessa bruno, hollister pas cher, nike huarache, north face, ralph lauren uk, ray ban uk, nike air max, true religion outlet, replica handbags

oakleyses said...

reebok shoes, p90x workout, iphone cases, giuseppe zanotti, vans, valentino shoes, chi flat iron, celine handbags, nfl jerseys, gucci, soccer shoes, hollister, mac cosmetics, timberland boots, north face outlet, ferragamo shoes, converse, instyler, iphone 6s plus cases, iphone 5s cases, mont blanc, soccer jerseys, oakley, iphone 6s cases, ipad cases, lululemon, nike roshe, mcm handbags, new balance, vans shoes, louboutin, nike air max, nike air max, ghd, babyliss, north face outlet, insanity workout, bottega veneta, ray ban, abercrombie and fitch, herve leger, s5 cases, asics running shoes, hollister, ralph lauren, iphone 6 plus cases, wedding dresses, jimmy choo shoes, birkin bag, baseball bats, beats by dre, iphone 6 cases

oakleyses said...

pandora charms, moncler, canada goose, louis vuitton, converse outlet, barbour jackets, supra shoes, pandora jewelry, swarovski, ugg,ugg australia,ugg italia, barbour, louis vuitton, juicy couture outlet, wedding dresses, lancel, canada goose, pandora jewelry, moncler, moncler outlet, montre pas cher, doke gabbana outlet, pandora charms, swarovski crystal, bottes ugg, canada goose outlet, coach outlet, thomas sabo, replica watches, doudoune canada goose, moncler, sac louis vuitton pas cher, ugg,uggs,uggs canada, louis vuitton, ugg boots uk, canada goose, canada goose uk, toms shoes, ugg pas cher, moncler, canada goose outlet, louis vuitton, links of london, moncler, canada goose, moncler, moncler, marc jacobs, hollister, karen millen, juicy couture outlet
ninest123 16.02

Unknown said...

replica watches
chiefs jersey
michael kors handbags
longchamp outlet
jordan 8
mbt shoes
ralph lauren polo
coach outlet online
new york jets jerseys
gucci outlet

huali10 Cai said...

louis vuitton
fred perry polo
los angeles lakers
air max uk
ralph lauren polo
nike outlet store online
coach outlet store online
mulberry handbags
cheap nhl jerseys
pandora jewelry
qqqqqing20170426

chenmeinv0 said...

michael kors outlet
true religion runway
nike huarache ultra
michael kors handbags
christian louboutin sale
polo ralph lauren
polo ralph lauren outlet
christian louboutin heels
under armour outlet
ralph lauren outlet
hzx20170523

shengda xu said...

air max
toms
fitflops sale clearance
sac longchamp
coach factory outlet online
texans jerseys
pandora charms
michael kors bags
adidas yeezy boost
ray ban sale
xushengda0523

adidas nmd said...

ugg boots
nike huarache
seattle seahawks jerseys
baltimore ravens jerseys
rolex replica
nike tn pas cher
toms shoes
armani exchange
michael kors handbags sale
coach outlet online

Unknown said...

mlb jerseys
cheap oakley sunglasses
michael kors outlet clearance
ray ban sunglasses
oakley sunglasses wholesale
nike air max
coach factory outlet
louis vuitton handbags
ralph lauren polo
michael kors outlet online
chanyuan2017.06.08

shengda xu said...

oakley sunglasses
christian louboutin outlet
coach outlet
polo ralph lauren outlet
birkenstock sandals
louis vuitton outlet
oakley sunglasses
michael kors bags
ed hardy clothing
coach outlet
xushengda0612