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David Ricardo

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If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.
--
Chapter XVII, Taxes on Other Commodities, p. 168

 
David Ricardo

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The Bread of man today:
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With figures doth away:
O wondrous gift indeed!
The poor and lowly may
Upon their Lord and Master feed.

 
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But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits.

 
David Ricardo
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