State of the Union AddressesPolk, James K. (James Knox)
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State of the Union Addresses
Polk, James K. (James Knox)
Presidents -- United States -- Messages; United States -- Politics and government -- Sources
The several branches of this system were so intimately blended together
that in their operation each sustained and strengthened the others. Their
joint operation was to add new burthens of taxation and to encourage a
largely increased and wasteful expenditure of public money. It was the
interest of the bank that the revenue collected and the disbursements made
by the Government should be large, because, being the depository of the
public money, the larger the amount the greater would be the bank profits
by its use. It was the interest of the favored classes, who were enriched
by the protective tariff, to have the rates of that protection as high as
possible, for the higher those rates the greater would be their advantage.
It was the interest of the people of all those sections and localities who
expected to be benefited by expenditures for internal improvements that the
amount collected should be as large as possible, to the end that the sum
disbursed might also be the larger. The States, being the beneficiaries in
the distribution of the land money, had an interest in having the rates of
tax imposed by the protective tariff large enough to yield a sufficient
revenue from that source to meet the wants of the Government without
disturbing or taking from them the land fund; so that each of the branches
constituting the system had a common interest in swelling the public
expenditures. They had a direct interest in maintaining the public debt
unpaid and increasing its amount, because this would produce an annual
increased drain upon the Treasury to the amount of the interest and render
augmented taxes necessary. The operation and necessary effect of the whole
system were to encourage large and extravagant expenditures, and thereby to
increase the public patronage, and maintain a rich and splendid government
at the expense of a taxed and impoverished people.
It is manifest that this scheme of enlarged taxation and expenditures, had
it continued to prevail, must soon have converted the Government of the
Union, intended by its framers to be a plain, cheap, and simple
confederation of States, united together for common protection and charged
with a few specific duties, relating chiefly to our foreign affairs, into a
consolidated empire, depriving the States of their reserved rights and the
people of their just power and control in the administration of their
Government. In this manner the whole form and character of the Government
would be changed, not by an amendment of the Constitution, but by resorting
to an unwarrantable and unauthorized construction of that instrument.
The indirect mode of levying the taxes by a duty on imports prevents the
mass of the people from readily perceiving the amount they pay, and has
enabled the few who are thus enriched, and who seek to wield the political
power of the country, to deceive and delude them. Were the taxes collected
by a direct levy upon the people, as is the case in the States, this could
not occur.
Public-domain text, read in full here on John Shaqi.
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