On the record
America is not a country sensitive to taxes; no great country has perhaps ever been so unsensitive in this respect; certainly she is far less sensitive than England.
Said by
Walter Bagehot
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gutenberg.orgWalter Bagehot: “America is not a country sensitive to taxes; no great country has perhaps ever been so unsensitive in this respect…”
Editor's note · Context
Bagehot points out that America is less sensitive to taxation compared to England, which influences fiscal policy.
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One of the greatest pains to human nature is the pain of a new idea.
No doubt this momentary gain is bought at a ruinous after-cost.
They have given what I may call a CONFIDENCE IN THE UNIVERSE.
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