The real original comes from a 16th century poem, by Thomas Tusser.
A foole & his money,
be soone at debate:
which after with sorow,
repents him to late.
It was later expressed as a proverb by Dr John Bridge in "Defense of the Government of the Church of England, in 1587:
If they pay a penie or two pence more for the reddinesse of them..let them looke to that, a foole and his money is soone parted.
(End of my useless knowledge post for today).
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