The Forgotten Man, and Other EssaysSumner, William Graham
Science
The Forgotten Man, and Other Essays
Sumner, William Graham
Economics; Social sciences
155. The history of civil liberty is made up of campaigns against
abuses of taxation. Protectionism is the great modern abuse of
taxation; the abuse of taxation which is adapted to a republican
form of government. _Protectionism is now corrupting our political
institutions just as slavery used to do_, _viz._, it allies itself
with every other abuse which comes up. Most recently it has allied
itself with the silver coinage, and it is now responsible, in a
great measure, for that calamity. The silver coinage law would have
been repealed three years ago if the silver mining interest had not
served notice on the protectionists that that was their share of
protection, and the price of their coöperation. The silver coinage is
the chief cause of the “hard times” of the last two or three years. In
a well-ordered state it is the function of government to repress every
selfish interest which arises and endeavors to encroach upon the rights
of others. The state thus maintains justice. Under protectionism _the
government gives a license to certain interests to go out and encroach
on others_. It is an iniquity as to the victims of it, a delusion as to
its supposed beneficiaries, and a waste of the public wealth. There is
only one reasonable question now to be raised about it, and that is:
How can we most easily get rid of it?
TARIFF REFORM[32]
A year and a half ago a gentleman who had just been reëlected, by
Republicans, to the Senate of the United States, made a five-minute
speech acknowledging the honor. In respect to public affairs he uttered
but one opinion: that the people of the United States were confronted
by a most serious problem, _viz._, how to reduce taxation. On the face
of it, this was a most extraordinary statement, and the chronicler or
historian might well take note of it as a new event in the life of
the human race. Statesmen and historians are familiar enough with the
difficulty of raising more revenue, and laying more taxes, but the
solemn and calamitous position of a nation which is forced to reduce
its taxes, and finds itself confronted by industrial disaster if it
does it, is something new. Students of political economy are familiar
with the question: What harm to industry may be done by levying taxes
on it? But the problem of how to avert the economic disaster which may
follow taking them off is new. Of course the state of mind revealed
by the formulation of the above problem is the result of a long habit
of regarding taxation as an industrial force, or, at least, as an
effective condition of industrial success.
There is, however, a problem; in regard to that fact all concur. It is
also a rare problem, one for which the only precedent is to be found
in our own history, and when the case occurred before, it proved to be
fraught with calamity. We are confronted by the dangers of a surplus
revenue, and no proposal to do away with the surplus in extravagant
expenditures can stand before the common sense of the people.
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