2. Jean-Baptiste Colbert was the Minister of Finance under King Louis XIV of France. He famously observed,
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2. Jean-Baptiste Colbert was the Minister of Finance under King Louis XIV of France. He famously observed, “The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.” How does his comment relate to special interests and the collective-action problem? LO5.2
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