“There is no art which one government sooner learns of another than that of draining money from the pockets of the people.”

—  Adam Smith

Source: (1776), Book V, Chapter II, Part II, Appendix to Articles I and II.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "There is no art which one government sooner learns of another than that of draining money from the pockets of the peopl…" by Adam Smith?
Adam Smith photo
Adam Smith 175
Scottish moral philosopher and political economist 1723–1790

Related quotes

Winston S. Churchill photo
Samuel Butler photo
Voltaire photo

“In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other.”

Voltaire (1694–1778) French writer, historian, and philosopher

En général, l’art du gouvernement consiste à prendre le plus d’argent qu’on peut à une grande partie des citoyens, pour le donner à une autre partie.
"Money" (1770)
Citas, Questions sur l'Encyclopédie (1770–1774)

William Ewart Gladstone photo

“[Money should] fructify in the pockets of the people.”

William Ewart Gladstone (1809–1898) British Liberal politician and prime minister of the United Kingdom

Often attributed to Gladstone. During the debate on the budget of 1867, Laing quoted Lord Sydenham's use http://hansard.millbanksystems.com/commons/1832/feb/06/finance-deficiency-in-the-revenue of the phrase in 1832 to Gladstone, with Gladstone replying http://hansard.millbanksystems.com/commons/1867/apr/04/ways-and-means-tue-financial-statement: "...when you talk of the "fructification" of money — I accept the term, which is originally due to very high authority — for the public advantage, there is none much more direct and more complete than that which the public derives from money applied to the reduction of debt." The phrase itself occurs earlier, among others:
...ought we to appropriate in the present circumstances of the country 3 millions of money out of the resources and productive capital of the nation, to create an addition to the treasury of the state? Ought we to reduce our public debt by a sacrifice of the funds that maintained national industry? Ought we to deprive the people of 3 millions of capital, which would fructify in their hands much more than in those of government, to pay a portion of our debt?
The Marquis of Lansdowne (21 June, 1819) http://hansard.millbanksystems.com/lords/1819/jun/21/cash-payments-bill
He put it to his hon. friend the member for Taunton, whether for the sake of increasing the fictitious value of stock, the grinding taxation which encroached on the capital that formed the foundation of credit, ought to be endured? He put it to his powerful mind, whether it would not be better to leave in the pockets of the people what increased and fructified with them, than, by taking all away, to ruin them and annihilate the revenue?
Lord Milton (14 June, 1821) http://hansard.millbanksystems.com/commons/1821/jun/14/agricultural-horse-tax
The right hon. gentleman had urged, as one 331 objection to the application of the surplus of five millions as a sinking fund, that it was taking that sum from the people, which would fructify to the national advantage, in their pockets, much more than in the reduction of the debt.
William Huskisson (28 February, 1823) http://hansard.millbanksystems.com/commons/1823/feb/28/reduction-of-taxation
It was one of the great errors of Mr. Pitt's system, that the people should be taxed to buy up a debt standing at four or five per cent interest, when it was clear that that money, if left to fructify in the pockets of the people, would be productive of infinitely more benefit to the country.
Lord Milton (1 June, 1827) http://hansard.millbanksystems.com/commons/1827/jun/01/the-budget
Misattributed

Aung San Suu Kyi photo

“It is the duty of the government to make all our people feel secure, and it is the duty of our people to learn to live in harmony with one another.”

Aung San Suu Kyi (1945) State Counsellor of Myanmar and Leader of the National League for Democracy

Remarks by President Obama and Daw Aung San Suu Kyi of Burma in Joint Press Conference at Aung San Suu Kyi Residence in Rangoon, Burma on November 14, 2014 http://www.whitehouse.gov/the-press-office/2014/11/14/remarks-president-obama-and-daw-aung-san-suu-kyi-burma-joint-press-confe
Context: Our struggle for democracy has been carried out with a strong grasp on the principle of nonviolence. And also, we believe in the rule of law. So if you ask how do we propose to resolve all of these problems of violence between communities, between different ethnic groups, we've got to start with rule of law. People have to feel secure before they can start talking to one another. We cannot achieve harmony without security. People who feel threatened are not going to sit down and sort out their problems. So I would like to recommend, as the chair of the Rule of Law and Tranquility Committee -- don't forget that tranquility is also included -- that the government should look to rule of law. It is the duty of the government to make all our people feel secure, and it is the duty of our people to learn to live in harmony with one another.

Robin S. Sharma photo

“Worry drains the mind of its power and, sooner or later, it injures the soul”

Robin S. Sharma (1965) Canadian self help writer

Source: The Monk Who Sold His Ferrari: A Fable About Fulfilling Your Dreams Reaching Your Destiny

Philip Stanhope, 4th Earl of Chesterfield photo

“Never seem wiser, nor more learned, than the people you are with. Wear your learning, like your watch, in a private pocket: and do not pull it out and strike it; merely to show that you have one.”

Philip Stanhope, 4th Earl of Chesterfield (1694–1773) British statesman and man of letters

22 February 1748
Letters to His Son on the Art of Becoming a Man of the World and a Gentleman (1774)

Samuel Butler photo
Ferdinand Marcos photo

“I have committed many sins in my life. But stealing money from the government, from the people, is not one of them.”

Ferdinand Marcos (1917–1989) former President of the Philippines from 1965 to 1986

in an interview on ABC
1965

Milton Friedman photo

“The great enemy of human freedom is the Government. By taking money out of our pockets and spending it, it destroys our freedom.”

Milton Friedman (1912–2006) American economist, statistician, and writer

The National Times, Australia, (March 1, 1977)

Related topics