Tuesday, August 16, 2011

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.

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