Tag Archives: Taxation

First Principles: I Place Economy Among the First and Most Important of Republican Virtues, and Public Debt As the Greatest of the Dangers To Be Feared

“I … place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared. … Taxation follows that, and in its turn wretchedness and oppression.” – Thomas Jefferson, Letter … Continue reading

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First Principles: An Unlimited Power to Tax Involves, Necessarily, A Power to Destroy; Because There Is A Limit Beyond Which No Institution and No Property Can Bear Taxation

“An unlimited power to tax involves, necessarily, a power to destroy; because there is a limit beyond which no institution and no property can bear taxation.” – John Marshall, McCullough v. Maryland, 1819

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First Principles: An Unlimited Power To Tax Involves, Necessarily, A Power To Destroy; Because There Is A Limit Beyond Which No Institution and No Property Can Bear Taxation

“An unlimited power to tax involves, necessarily, a power to destroy; because there is a limit beyond which no institution and no property can bear taxation.” – Justice John Marshall, McCullough v. Maryland (1819)

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Thought For the Day: When More of the People’s Sustenance Is Exacted Through the Form of Taxation Than Is Necessary To Meet the Just Obligations of Government, Such Exaction Becomes Ruthless Extortion and A Violation of the Fundamental Principles of A Free Government

“When more of the people’s sustenance is exacted through the form of taxation than is necessary to meet the just obligations of government, such exaction becomes ruthless extortion and a violation of the fundamental principles of a free government.” – … Continue reading

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First Principles: When Taxes Go So Far As To Entrench On the Subsistence of the People, These Become Burdensome and Oppressive

“Taxation to a certain point is not only proper but useful, because by stimulating the industry of individuals it increases the wealth of the Community. But when Taxes go so far as to intrench on the subsistence of the people … Continue reading

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Self Rule Rises

Continuing in a series on American history: Self Rule Rises by Michael Doyle From the High Middle Ages, society had a transformation As Calvin and Luther led the church’s reformation In a faithful take befitting the Bible’s explanation Making these … Continue reading

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First Principles: The Unlimited Power To Tax Necessarily Is the Power To Destroy

“An unlimited power to tax involves, necessarily, a power to destroy; because there is a limit beyond which no institution and no property can bear taxation.” – John Marshall (1819)    

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First Principles: Public Money Should Only Be Spent On Well Explained Projects

“The same prudence which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public moneys.” – Thomas Jefferson (1808)        

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First Principles: The Most Productive Finance System Will Always Be The Least Burdensome

“There is no part of the administration of government that requires extensive information and a thorough knowledge of the principles of political economy, so much as the business of taxation. The man who understands those principles best will be least … Continue reading

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First Principles: Excessive Taxation Brings the Ruin of A Nation

“There is no part of the administration of government that requires extensive information and a thorough knowledge of the principles of political economy, so much as the business of taxation. The man who understands those principles best will be least … Continue reading

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