PoliticalChic
Diamond Member
April 11, 491
Anastasius become the Byzanine emperor, Anastasius I, Roman Empire of the East.
In the first documented exercise of what would come to be called trickle-down economics, Anastasius I abolished a wide range of taxes that fell heavily on the empires most productive classes, its craftsmen and merchants, arguing correctly, that a prosperous merchant would pay even more in fees than the treasury lost in taxes.
Under his rule the treasury grew by 320,000 pounds of gold. Justin followed him in 518, followed by Justinian I.
"Justinian's Flea: The First Great Plague and the End of the Roman Empire,"
William Rosen, p. 62-63
"Those who cannot remember the past are condemned to repeat it"
George Santayana
Anastasius become the Byzanine emperor, Anastasius I, Roman Empire of the East.
In the first documented exercise of what would come to be called trickle-down economics, Anastasius I abolished a wide range of taxes that fell heavily on the empires most productive classes, its craftsmen and merchants, arguing correctly, that a prosperous merchant would pay even more in fees than the treasury lost in taxes.
Under his rule the treasury grew by 320,000 pounds of gold. Justin followed him in 518, followed by Justinian I.
"Justinian's Flea: The First Great Plague and the End of the Roman Empire,"
William Rosen, p. 62-63
"Those who cannot remember the past are condemned to repeat it"
George Santayana