QUOTE: … the tax would be paid by the cows

http://cafehayek.com/2011/08/quotation-of-the-day-35.html

Quotation of the Day…
by DON BOUDREAUX on AUGUST 16, 2011
in SEEN AND UNSEEN, TAXES

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… is from EconLog’s David Henderson who recalls how the Herbert Stein described the failure to understand that taxes on corporations are taxes on people:

“I remember that in addressing the issue in the 1980s, the late Herb Stein said that it’s as if people think that if the government imposed a tax on cows, the tax would be paid by the cows.”

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This reaffirms my RANT about the fact that a “corporation” is a fiction for a mob of real people. WHICH does nothing but hide the taxes in costs passed along to REAL people.

Argh!

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