On the record
In truth taxation is so painful that in a sensitive community which has strong organs of expression and action, the maintenance of a great surplus is excessively difficult.
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Walter Bagehot
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gutenberg.orgWalter Bagehot: “In truth taxation is so painful that in a sensitive community which has strong organs of expression and action, the…”
Editor's note · Context
Bagehot discusses the challenges of maintaining a surplus in a community that is sensitive to taxation.
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