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Tag Archives: Taxes
First Principles: Moderate Taxes Produce Greater Revenue Than Excessive Taxation
“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.” – Alexander Hamilton (1787) … Continue reading
Posted in First Principles
Tagged Alexander Hamilton, Collection, Consumption, Customs, Duties, First Principles, Moderation, Revenue, Taxes, Treasury
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Thought For the Day: The Trade of Governance Is Monopolized By Ignorant Rascals
“The trade of governing has always been monopolized by the most ignorant and the most rascally individuals of mankind.” – Thomas Paine, philosopher and writer (9 Feb 1737-1809) Sorry, for the frankness of my summation. Given that we cannot keep … Continue reading
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Tagged Debt, Expenditures, Governance, Ignorance, Politicians, Rascals, Ronald Reagan, Taxes, Thomas Paine, Thought For the Day
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First Principles: Avoiding Fraud, Waste and Abuse Is Paramount to Honest Government
“A rigid economy of the public contributions and absolute interdiction of all useless expenses will go far towards keeping the government honest and unoppressive.” — Thomas Jefferson (1823) We can always think of more things to spend money on right? … Continue reading
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Tagged Abuse, Budget, Fair, First Principles, Fraud, Frugality, Governance, Honesty, Living Within A Budget, Taxes, Thomas Jefferson, Useless, Waste
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Thought For the Day: Excessive Taxation Is Little More Than Extortion
“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.” –President … Continue reading
Posted in Thought For the Day
Tagged Exacted, Extortion, Freedom, Government, Just, Obligations, Princples, Sustenance, Taxes, Thought For the Day, Violation
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First Principles: Congress Should Be Limited To Its Enumerated Powers
“If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one, subject to particular exceptions.” —James Madison … Continue reading
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Tagged Congress, Enumerated, Federalist Papers, First Principles, General Welfare, James Madison, Limited, Taxes
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First Principles: The Unlimited Power To Tax 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, in McCullough v. Maryland, 1819 This landmark decision may be read … Continue reading
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Tagged Decision, Destruction, John Marshall, Limits, McCullough v Maryland, Power, Property, Supreme Court, Taxes
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Time Spent With the Harvard Classics – Plutarch’s Lives – Pericles
As discussed previously, Plutarch’s Parallel Lives is an important work not only because of the insights provided with respect to subject of the various persons who are discussed in the biographies but also due to the information provided about the times … Continue reading
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Tagged Athens, Democracy, Harvard Classics, Parallel Lives, Pericles, Persian Wars, Plutarch, Populist, Taxes
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ALOHA PROMISES FOREVER 