Benjamin Franklin was right

posted by
March 18, 2013
Delaware Libertarian
by Steve Newton  
Posted in Commentary

"When representing American commercial interests in London during the 1760s, various English politicians and merchants approached Franklin to ask him how they could more effectively tax the colonial sugar/molasses and rum trade. Franklin would chuckle and explain to them that what they were asking was essentially impossible, because every penny they succeeded in extracting in taxes from American shippers, merchants, and distillers would be taken back from them in the form of higher prices charged to English buyers." (03/17/13)  

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