Monopolies -- United States; Railroads and state -- United States
By an examination of the returns it will be seen that
but little railroad property is included in the valuation. If this
property is added, the above amount will be largely increased. By
supposing the real value of the assessable property to be
$30,000,000,000; then a tax of one-half per cent would raise a revenue
of $150,000,000, a sum sufficient to pay all the necessary current
expenses of the government and leave something to apply on the national
debt. A tax of three-fourths per cent would raise a revenue of
$225,000,000, enough to support the government and pay the interest on
the whole of the national debt. Should the special tax be continued on
spirits and tobacco, then a tax of four mills would raise a sufficient
revenue for all legitimate governmental purposes. Now, a laboring man
must pay from the proceeds of his labor from thirty per cent upwards for
almost all his purchases of clothing for his family, and the same on
many other articles of consumption. If, in the course of a year, he
purchases to the amount of $150, of this sum, $50 is paid, indirectly,
it is true, but nevertheless it is paid, and is a tax. With direct
taxation, if his homestead should be worth $1,000, instead of paying $50
as he now does, he would pay five for the support of the government, and
the other forty-five dollars now paid by him from the proceeds of his
labor would be charged against the property of his rich neighbor. There
is no injustice in this method of raising revenue for the support of the
government, and its adoption would relieve the people from the
oppressions of a ring of wealthy monopolies who now control the entire
manufacturing industries of the country, and would allow the laws of
trade, of demand and supply, to fix the prices of manufactured articles.
No reason now exists for the continuance of a law that assures to the
manufacturer large dividends on his investments, while the farm products
must be sold and bartered for a nominal price. The producer asks no
protection save access to the market and the privilege of keeping for
his family and himself the net proceeds of his crops, without being
compelled to bestow one-third of it as a gratuity upon the already rich
and lordly manufacturer. This right the agriculturalists will never
enjoy until the old anti-republican theory of protective and revenue
tariffs is exploded, and the equal rights of all are vindicated. When
this tariff embargo on commerce is removed, when this blockade is
raised, and the producer can send his grain to Europe, and in return
receive such manufactured articles as he needs, without paying _royalty_
to some American lord, in shape of tariffs (ironically called
"protection") the producing classes will ask no other aid of government.
Then will appear the dawn of that universal brotherhood of man, which
sooner or later will illuminate the whole civilized world. With "free
trade" and direct taxation, a death blow will be given to monopolists,
Public-domain text, read in full here on John Shaqi.
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