First Principles: Excessive Taxes Reduce Consumption Which Reduces Taxes

“If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them.” — Alexander Hamilton (1787)

 

 

 

Unknown's avatar

About alohapromisesforever

Writer, poet, musician, surfer, father of two princesses.
This entry was posted in First Principles and tagged , , , , , , , , , , , . Bookmark the permalink.

1 Response to First Principles: Excessive Taxes Reduce Consumption Which Reduces Taxes

  1. Direct taxes are antithetical to the notion of liberty.

    Like

Leave a comment