On Oct 9, 12:08 pm, "M.A. Johnson" <[EMAIL PROTECTED]> wrote: > Capitalism is the system in which people are free to use their private > property without outside interference.
And this is simply not true, no matter how many times you attempt to say it. Smith understood there would be times that the Government would need to have some sort of "oversight", and also "Tax" these "exchanges" in order to supply for the common good. Your ignorance of Capitalism notwithstanding. =============================== Taxation: The Wealth of Nations, Book V Chapter II Part II Appendix to Articles I and II I. The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities... II. The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person... III. Every tax ought to be levied at the time, or in the manner, in which it is most likely to be convenient for the contributor to pay... IV. Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the treasury of the state. First, the levying of it may require a great number of officers... Secondly, it may obstruct the industry of the people, and discourage them from...business... Thirdly, by the forfeitures and other penalties which those unfortunate individ-uals incur who attempt unsuccessfully to evade the tax, it may frequently ruin them, and thereby put an end to the benefit which the community might have received from the employment of their capitals... Fourthly, by subjecting the people to the frequent visits and the odious examination of the tax-gatherers, it may expose them to much unnecessary trouble... Adam Smith The Wealth of Nations, Book V Chapter II Pt II --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
