A Lesson from Adam Smith

Happy birthday Adam Smith! Today, he would have been 193 years old, but his words are still every bit as wise as his 193 years.

"A merchant, it has been said very properly, is not necessarily the citizen of any particular country."

Think about this when you hear about companies keeping their profits overseas to avoid paying U.S. taxes. The irony is these companies made their money overseas, and yet the U.S. government considers themselves entitled to it. I doubt the government realizes how greedy it seems, or as Smith said:

"All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind."