Monopolies -- United States; Railroads and state -- United States
It may be asked: How would you provide for the support of the
government? We answer, by direct taxation, because this is a just and
equitable manner of raising revenue, compelling the wealth and property
of the country, and not the labor of the toiling millions, to support
the government. Because it will prove less expensive, and will do away
with custom houses and custom house officers, with the frauds,
swindling, and robbery, that now afflict the country. Because it will
open to us the markets of the world, and give us an outlet and market
for our agricultural products. Now the balance of trade is against us;
our country is being drained of its coin and its wealth; all productive
industries languish, because of our selfish policy of attempting to
become exclusive in our commerce.
We are content to trammel all dealings with foreign nations in the way
of barter, sale, and exchange, and send our coin to Europe, while we
use, as the representative of money, an irredeemable paper currency.
Free trade would enable us to increase our commerce and shipping on the
ocean; to arrest the stream of coin that is flowing from us to Europe;
to sell where we could obtain the best prices, and buy where we could
make the best bargains. We are in favor of direct taxation for the
support of the government, because it will simplify our revenue system,
and consequently require less revenue than is now needed. It will compel
more rigid economy in the administration of the government, and place
within the reach of the people the means of ascertaining how much is
annually expended by those in power. It will destroy one branch of the
system of monopolies that is robbing the agricultural and producing
classes of their substance. Let us not become alarmed at the thought of
this direct taxation. We accept it as the best method for raising
revenue for the support of state and municipal government, and no good
reason can be shown why the same method would not be best for the
general government. The amount to be paid by the men of wealth would be
in excess of what they now pay, because their property, and not what
they consume, would be the basis of taxation. But to the laborer with a
family, the mechanic, the farmer with small means, and to a majority of
men who now pay in shape of duties from $100 to $200 annually, the
amount required would be but a tithe of the sum now demanded. To learn
something of the rate per cent necessary to support the government, let
us look at the valuation of the property in the United States as
returned with the census in 1870. The actual amount as returned was
$14,178,486,732, call it in round numbers $15,000,000,000; a tax of one
per cent on this amount would produce a revenue of $150,000,000. The
above valuation is taken mainly from the returns made by assessors, and
is but little more than one-third of the real value. Let us double the
amount, then the value of the property in the United States will be
$30,000,000,000.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account