Wednesday, February 22, 2012

Lady Godiva – An Early Tax Reformer

Posted: 2/22/2012

One Wishes Tax Reform Was
Sweet As Chocolate Or Appealing As Brazilian Carnival


At the 2011 Brazilian carnival, one of the Samba schools reenacted the famous legend of Lady Godiva. Belgian Godiva Chocolatier founded in the 1920s went global over the past several decades.


A Beautiful Legend


According to the legend, Lady Godiva (1040 – 1080 AD) after many pleas and entreaties made a deal with her husband and ruler of British Coventry to lower the oppressive taxes. Her husband agreed, but she had to ride naked on a horse through town. Lady Godiva in a clever move issued a proclamation that all persons were ordered to stay indoors and shut their windows, while she rode through the town, clothed only in her long hair. One man could not resist it was Peeping Tom, who was punished for his disobedience with blindness. In the end, Godiva's husband kept his word and abolishes the onerous taxes.


Unbeknownst To Most Chocolate Lovers & Economists


Lady Godiva was a tax reformer or better a tax repealer. How many economists know about it? In our times, one wishes many of those politicians who advocate higher taxes were married to a spouse like Lady Godiva. Having finally discovered the sweet story of Lady Godiva my fondness of chocolate has grown.

Ceterum censeo Carthaginem esse delendam: Strictly voluntary taxation is the way to go! Nobody should be compelled to pay taxes.

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