“Many people today think that the Tea Act—which led to the Boston Tea Party—was simply an increase in the taxes on tea paid by the American colonists. That's where the whole "Taxation Without Representation" meme came from. Instead, the purpose of the Tea Act was to give the East India Company full and unlimited access to the American tea trade and to exempt the company from having to pay taxes to Britain on tea exported to the American colonies. It even gave the company a tax refund on millions of pounds of tea that it was unable to sell and holding in inventory. In other words, the Tea Act was the largest corporate tax break in the history of the world.”
Quote by Thom Hartmann
Work
The Crash of 2016: The Plot to Destroy America--and What We Can Do to Stop It
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Author
Thom Hartmann
Thom Hartmann is a renowned radio host, born on May 7, 1951. He is known for his in-depth political commentary and unique perspectives, often discussing social, political, and economic issues on his radio shows. more
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