“The phoenix hope, can wing her way through the desert skies, and still defying fortune's spite; revive from ashes and rise. Miguel de Cervantes”
― Phoenix
LOUIS XIV’S FINANCE minister, Jean-Baptiste Colbert, famously declared that “the art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.” When it comes to taxing companies, a modern finance minister might rephrase this as “the largest possible amount of revenue with the smallest possible amount of economic and political damage.”
Extractive taxes were indeed a major force behind the French Revolution.
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