A reputation for generosity is thought to be desirable, but developing it can be dangerous. Generosity exercised in truly virtuous ways is never seen by others, so if you want to be thought of as a generous ruler, you must keep up a lavish public display. To support this habit, a prince must raise taxes and squeeze money from his subjects. Generosity of this sort benefits few and harms many. The prince's subjects will hate him, and no one will respect him because he is poor. Therefore, a wise prince will not mind being called a miser, because stinginess is a vice that allows him to reign. If a prince is giving away other people's property, he can afford to be generous, but if he is giving away his own resources, he will become grasping and hated or poor and despised.
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