Tag Archives: tax policy

Doomed to Repeat It – Quote of the Day

I am still mixing things up between Objective Communication and, among other things, Taxation: The People’s Business.  Today’s quote from the latter is one that could just as easily have been written  today rather than in a book written nearly 90 years ago.

Subsidies have been granted to some industries to encourage production until demand should become normal and bonuses have been granted to relieve certain classes of consumers burdened by the high prices of necessaries.  Such efforts read more