Expenses Quote by Adam Smith
“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.”
About This Quote
Source Book: The Wealth of Nations, 1776
Taxation should target luxuries, not basic needs of the poor.
In simple terms: Tax luxuries, not necessities.
Key Takeaway
Focus taxes on non‑essential goods.
Themes
economics
fairness
tax policy
Mood
critical
analytical
Type
policy
economic
When to use this quote
- government budgeting
- public policy
- social welfare
- tax reform
Key Concepts
progressive taxation
social equity
Questions to Reflect On
- How do we define luxury versus necessity?
- What impact do luxury taxes have on consumption?
A Different Perspective
Luxury taxes may burden middle class if not carefully defined.
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