Able Quote by Michael Faraday
“Why, sir, there is every probability that you will soon be able to tax it! Said to William Gladstone, the Chancellor of the Exchequer, when he asked about the practical worth of electricity.”
About This Quote
Source Speech: Conversation with William Gladstone, 1870s
Faraday suggested that electricity would soon become taxable, implying its future economic importance.
In simple terms: Electricity will become valuable enough to be taxed.
Key Takeaway
Recognize emerging technologies' economic impact.
Themes
technology
economics
future
policy
Mood
optimistic
cautious
Type
political
technological
When to use this quote
- government budgeting
- energy markets
- public policy
- technology investment
Key Concepts
taxation
innovation
industrialization
Questions to Reflect On
- Will new tech always become taxable?
- How should governments regulate emerging tech?
A Different Perspective
Predicting economic value can be uncertain.
