Open Wiki | Open InfoG | New Quote |
"It is necessary that the powers vested in government should be precisely defined, that the people may be able to know whether it moves in the circle of the Constitution. Article I, Section 8 is intolerably vague. The Federal government will push its taxing power to the limit. It is a general maxim that all governments find a use for as much money as they can raise. Indeed, they have commonly demands for more. Hence it is that all as far as we are acquainted are in debt. I take this to be a settled truth that they will all spend as much as their revenue. That is, will live at least up to their income. Congress will ever exercise their powers to levy as much money as the people can pay. They will not be restrained from direct taxes by the consideration that necessity does not require them."
By: | Melancton Smith (more quotes by Melancton Smith or books by/about Melancton Smith) |
(1744-1798) opponent of Alexander Hamilton during New York's ratifying convention | |
Categories: | Taxation, Congress, Tax |
Rating: |