Ancient & modern | 03 October 2009
From our UK edition
In the current financial predicament, everyone seems much keener to cut government spending than raise taxes. This is most unimaginative. Various emperors invented all sorts of novel taxes to swell their coffers. Caligula (emperor ad 37-41) taxed prostitutes and ready-cooked (=fattening?) food, and charged a levy on the sums of money at stake in court cases. At one stage there appears to have been a surcharge on the price of gladiators (=soccer transfers?) supplied for the games. Who would not raise a cheer for any of these? But far more effective psychologically was the ancient Greek invention of hypothecation — raising taxes targeted on specific ends.