Share this sentence
— Adam Smith"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
Discover more quotes
Previous Quote
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.
— Adam Smith
Next Quote
Riches are for spending, and spending for honor and good actions; therefore extraordinary expense must be limited by the worth of the occasion.
— Francis Bacon
Loading recommended content...