On the record
She is injuring posterity by crippling and displacing industry, far more than she is aiding it by reducing the taxes it will have to pay.
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Walter Bagehot
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gutenberg.orgWalter Bagehot: “She is injuring posterity by crippling and displacing industry, far more than she is aiding it by reducing the taxes it…”
Editor's note · Context
Bagehot argues that high taxation harms future generations by disrupting industry more than it helps.
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The Parliament, the laws, the press were human institutions; but the Monarchy was a Divine institution.
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