Quote Of The Day
On taxes in Boston:
The business of the Town is still decaying, the taxes are not at all lessened, but continue very high — A great many of our industrious inhabitants are gone into the country, the burden now falls on a small number; and they less able to bear it than ever — This number is still decreasing; the rich complain of their rates, and some have moved and others are about moving into the country towns, where they are greatly eased. For my own part, I have a love for my native Town, but as my taxes are so large, I am resolved to move my family into the country.
That, of course, was June 1755, on a front-page letter to the Boston Gazette.
Today’s equivalent would be moving production of goods to low-cost business climates (Nevada, Tennessee, or offshore) rather than just a few towns away, but the economic laws are no different today than they were 255 years ago.
Quote from Samuel Adams: A Life by Ira Stoll [p.27].