Thursday, July 02, 2009

The art of taxation - plucking geese


It was in the 17th century that Jean-Baptiste Colbert (who was French Finance Minister under King Louis XIV of France) originated the suggestion that
"the art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing".
I noted recently that John Whiting says:
"It's very important the corollary is that the goose deserves a say in which feathers are taken and how."
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