"Friends and neighbors complain that taxes are indeed very heavy, and if those laid on by the government were the only ones we had to pay, we might more easily discharge them; but we have many others, and much more grievous to some of us. We are taxed twice as much by our idleness, three times as much by our pride, and four times as much by our folly…"
—Benjamin Franklin, The Way to Wealth (1758)
What does Benjamin Franklin mean in his statement about taxation above? What advice is implied and how would you apply that advice to your financial planning?