Inflation is taxation without legislation.
Milton Friedman
[I was reminded of this by David and it being April 15th.—Joe]
Inflation is taxation without legislation.
Milton Friedman
[I was reminded of this by David and it being April 15th.—Joe]
I like that a lot!
Speaking of taxes reminds me of stumbling onto the IRS website a while ago. They have a quote page on taxes. It’s kindof funny how they have a quote from Justice Oliver Wendell Holmes, saying “I like paying my taxes”, but they don’t quote Justice James Marshall, who said “The power to tax is the power to destroy”.