As Herbert Spencer was to point out in the following century, feudal serfs were required to turn over one-third of their produce to their overlord. This means that any citizen who is required to pay a tax rate greater than one-third is worse off in this respect than the lowly serf.

— George H. Smith The System of Liberty: Themes in the History of Classical Liberalism (2013)

More quotes by George H. Smith

Atheism: The Case Against God (1974)

The System of Liberty: Themes in the History of Classical Liberalism (2013)

The System of Liberty: Themes in the History of Classical Liberalism (2013)

The System of Liberty: Themes in the History of Classical Liberalism (2013)

Atheism: The Case Against God (1974)

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