The Diplomatic Correspondence of the American Revolution, Vol. 12
History
The Diplomatic Correspondence of the American Revolution, Vol. 12
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
Were it possible that a society should exist, in which every member
would of his own accord industriously pursue the increase of national
property, without waste or extravagance, the public wealth would be
impaired by every species of taxation. But there never was, and unless
human nature should change, there never will be such a society. In any
given number of men, there always will be some who are idle, and some
who are extravagant. In every society also there must be some taxes,
because the necessity of supporting government and defending the State
always exists. To do these on the cheapest terms is wise, and when it
is considered how much men are disposed to indolence and profusion it
will appear, that even if those demands did not require the whole of
what could be raised, still it would be wise to carry taxation to a
certain amount, and expend what should remain after providing for the
support of government and the national defence, in works of public
utility, such as the opening of roads and navigation. For taxes
operate two ways towards the increase of national wealth. First, they
stimulate industry to provide the means of payment. Secondly, they
encourage economy, so far as to avoid the purchase of unnecessary
things, and keep money in readiness for the tax gatherers. Experience
shows, that those exertions of industry and economy grow by degrees
into habit. But in order that taxation may have these good effects,
the sum which every man is to pay and the period of payment, should be
certain and unavoidable.
Public-domain text, read in full here on John Shaqi.
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