“If you tax too high, the revenue will yield nothing.”
Ralph Waldo Emerson
Compensation (Primary source)
Emerson explores the law of compensation, suggesting that every action (cause) has a corresponding reaction (effect), meaning that there is no free lunch, but we get what we give.
“Trust thyself: every heart vibrates to that iron string.”
— Ralph Waldo Emerson Primary source“It was for beauty that the world was made.”
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— Ralph Waldo Emerson Primary source“The true test of civilization is, not the census, nor the size of cities, nor the crops—no, but the kind of man the country turns out.”
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— Ralph Waldo Emerson Primary sourceTax Economics Cause and Effect