History of the Origin, Formation, and Adoption of the Constitution of the United States, Vol. 2: With Notices of Its Principle FramersCurtis, George Ticknor
History
History of the Origin, Formation, and Adoption of the Constitution of the United States, Vol. 2: With Notices of Its Principle Framers
Curtis, George Ticknor
Constitutional history -- United States
That a power to lay taxes or duties on exported products belongs to
every government possessing a general authority to select the objects
from which its revenues are to be derived, is a proposition which
admits of little doubt. It is not to be doubted, either, that it is a
power which may be attended with great benefit, not only for purposes
of revenue, but for the encouragement of manufactures; and it is clear
that it may often be used as a means of controlling the commercial
policy of other countries, when applied to articles which they cannot
produce, but which they must consume. A government that is destitute
of this power is not armed with the most complete and effectual means
for counteracting the regulations of foreign countries that bear
heavily upon the industrial pursuits of its people, although it may
have other and sufficient sources of revenue; and therefore, until an
unrestricted commercial intercourse and a free exchange of commodities
become the general policy of the world, to deny to any government a
power over the exported products of its own country, is to place it at
some disadvantage with all commercial nations that possess the power
to enhance the price of commodities which they themselves produce.
But, on the other hand, the practice of taxing the products of a
country, as they pass out of its limits to enter into the consumption
of other nations, can be beneficially exercised only by a government
that can select and arrange the objects of such taxation so as to do
nearly equal justice to all its producing interests. If, for example,
the article of wine were produced only by a single province of France,
and all the other provinces produced no commodities sought for by
other nations, an export duty upon wine would fall wholly upon the
single province where it was produced, and would place its production
at an unequal competition with the wines of other countries. But
France produces a variety of wines, the growth of many different
provinces; and therefore, in the adjustment of an export duty upon
wines, the government of that country, after a due regard to the
demand for each kind or class of this commodity, has chiefly to
consider the effect of such a tax in the competition with the same
commodity produced by other nations.
Public-domain text, read in full here on John Shaqi.
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