Luxury Quotes
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.
"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
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Meaning of this quote
Smith argues against taxing the necessities of poorer households while allowing taxation of luxuries.
Key takeaway:
Examine a tax's effect on access to basic needs.
Origin of the quote
The Wealth of Nations (1776)
Who actually said this?
VerifiedWording located in the primary text; capitalization and punctuation may vary.
Source:
The Wealth of Nations (1776)
