Adam Smith Quotes

Adam Smith Quotes: As we have no immediate experience of what other men feel, we can form no idea of the manner in which they are affected, but by conceiving what we ourselves should feel in the like situation.
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Adam Smith Quote: Both ground- rents and the ordinary rent of land are a species of revenue which the owner, in many cases, enjoys without any care or attention of his own. The annual produce of the land and labour of the society, the real wealth and revenue of the great body of the people, might be the same after such a tax as before. Ground-rents, and the ordinary rent of land are, therefore, perhaps the species of revenue which can best bear to have a peculiar tax imposed upon them.
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Quotes about Adam Smith: The real tragedy of the poor is the poverty of their aspirations.
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Quote about Adam Smith: To subject every private family to the odious visits and examination of the tax-gatherers ... would be altogether inconsistent with liberty.
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Adam Smith Sayings: It is the interest of every man to live as much at his ease as he can; and if his emoluments are to be precisely the same, whether he does or does not perform some very laborious duty, it is certainly his interest, at least as interest is vulgarly understood, either to neglect it altogether, or, if he is subject to some authority which will not suffer him to do this, to perform it in as careless and slovenly a manner as that authority will permit.
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Adam Smith Saying: The subjects of every state ought to contribute toward 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 ....As Henry Home (Lord Kames) has written, a goal of taxation should be to 'remedy inequality of riches as much as possible, by relieving the poor and burdening the rich.'
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Sayings about Adam Smith: I am always willing to run some hazard of being tedious, in order to be sure that I am perspicuous; and, after taking the utmost pains that I can to be perspicuous, some obscurity may still appear to remain upon a subject, in its own nature extremely abstracted.
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Saying about Adam Smith: Among civilized and thriving nations, on the contrary, though a great number of people do no labor at all, many of whom consume the produce of ten times, frequently of a hundred times more labour than the greater part of those who work; yet the produce of the whole labour of the society is so great, that all are often abundantly supplied, and a workman, even of the lowest and poorest order, if he is frugal and industrious, may enjoy a greater share of the necessaries and conveniencies of life than it is possible for any savage to acquire.
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Adam Smith Quotes: The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
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Adam Smith Quote: Every tax, however, is to the person who pays it a badge, not of slavery but of liberty. It denotes that he is a subject to government, indeed, but that, as he has some property, he cannot himself be the property of a master.
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Quotes about Adam Smith: The difference between the most dissimilar characters, between a philosopher and a common street porter, for example, seems to arise not so much from nature, as from habit, custom, and education.
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Quote about Adam Smith: Thus the labour of a manufacture adds, generally, to the value of the materials which he works upon, that of his own maintenance, and of his masters profits. The labour of a menial servant, on the contrary, adds to the value of nothing.
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Adam Smith Sayings: The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
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Adam Smith Saying: Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
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Sayings about Adam Smith: The retinue of a grandee in China or Indostan accordingly is, by all accounts, much more numerous and splendid than that of the richest subjects of Europe.
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Saying about Adam Smith: The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing either the number of its productive labourers, or the productive powers of those labourers who had before been employed.
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Adam Smith Quotes: Global poverty is one of the most pressing moral challenges we face today. Yet, it's more than just a moral problem that billions of people around the world are struggling to survive. It is also in our national security interests that we reduce global poverty. Populations that struggle in extreme poverty are more likely to become mired in destabilizing conflicts, or worse, become havens or recruiting grounds for terrorist organizations. This is an issue that we cannot afford to neglect.
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Adam Smith Quote: Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
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