The importation of gold and silver is not the principal, much less the sole benefit which a nation derives from its foreign trade.
Adam SmithThe subjects of every state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state ....As Henry Home (Lord Kames) has written, a goal of taxation should be to 'remedy inequality of riches as much as possible, by relieving the poor and burdening the rich.'
Adam SmithNo society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.
Adam SmithAs we have no immediate experience of what other men feel, we can form no idea of the manner in which they are affected, but by conceiving what we ourselves should feel in the like situation.
Adam Smith