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Quotation of the Day…

Posted By Don Boudreaux On December 20, 2012 @ 7:35 am In Reality Is Not Optional,Taxes | Comments Disabled

… is from page 127 of David Friedman’s superb 1996 book, Hidden Order [1]:

But corporations lack not only hearts but also stomachs, which makes it difficult to starve them.  Costs imposed upon corporations are passed on to some human being, whether worker, customer, supplier, or stockholder.  There is no point in arguing about whether or not to tax corporations – corporations have no consumption to give up, and so cannot be taxed.  We can only tax people through corporations.

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[1] Hidden Order: http://www.amazon.com/Hidden-Order-Economics-Everyday-Life/dp/0887308856/ref=sr_1_1?s=books&ie=UTF8&qid=1314195951&sr=1-1

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