Antihippies

“I pledge by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.”

The Federalist Papers #21

Posted by Fritoy on November 9, 2008

Due to irregularities with my ISP (Comcast,) I bring you Fridays post.

It is a signal advantage of taxes on articles of consumption, that they contain in their own nature a security against excess. They prescribe their own limit; which cannot be exceeded without defeating the end proposed, that is, an extension of the revenue. When applied to this object, the saying is as just as it is witty, that, “in political arithmetic, two and two do not always make four .” If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them.

That Link thing.

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One Response to “The Federalist Papers #21”

  1. OregonGuy said

    But, you gotta keep hammering to keep what’s yours.

    Sometimes I get the feeling that there’s too great an acceptance of “material oppression”. If it hurts, it must be good for you.
    .

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