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Adam Smith Quotes: 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.
         

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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Other quotes of Adam Smith


No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.



It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.



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.

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.



Mercy to the guilty is cruelty to the innocent.

Mercy to the guilty is cruelty to the innocent.



The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.

The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.



What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?

What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?



A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.

A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.



Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.

Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.



On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.

On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.



People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.





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Quote Description


This page presents the quote "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.". Author of this quote is Adam Smith. This quote is about luxury, people, expenses, ought, remembered,.