Quotation of the Day, 08/16/2011

Via Cafe Hayek:
… is from EconLog’s David Henderson who recalls how 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.