Littles Quote by Adam Smith
“Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State.”
About This Quote
Source Treatise: The Wealth of Nations, 1776
Taxes should be designed to minimize burden on individuals while maximizing public revenue, avoiding excessive extraction.
In simple terms: Design taxes to be fair and efficient.
Key Takeaway
Aim for minimal personal impact while funding the state.
Themes
tax policy
public finance
economic theory
fairness
efficiency
Mood
thoughtful
analytical
Type
theoretical
policy
When to use this quote
- budget planning
- legislative drafting
- economic analysis
- public budgeting
Key Concepts
Progressivity
tax incidence
public good
Questions to Reflect On
- What balance between fairness and revenue is optimal?
- How can tax design prevent loopholes?
A Different Perspective
Complex trade‑offs between equity and revenue may arise.
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