Quotation of the Day…
Posted By Don Boudreaux On August 16, 2011 @ 7:16 am In Seen and Unseen,Taxes | Comments Disabled
… is from EconLog’s David Henderson [1] who recalls how the Herbert Stein described the failure to understand that taxes on corporations are taxes on people:
I remember that in addressing the issue in the 1980s, the late Herb Stein said that it’s as if people think that if the government imposed a tax on cows, the tax would be paid by the cows.
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[1] is from EconLog’s David Henderson: http://econlog.econlib.org/archives/2011/08/are_taxes_on_co.html
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