Tuesday, 01 November 2005

Hamilton favors a national sales tax

“It is a singular advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end purposed — that is, an extension of the revenue.” — Alexander Hamilton, Federalist No. 21

(Of course, any talk of instituting a national sales tax has to go hand-in-hand with repealing the Sixteenth Amendment, and the end of the income tax.)

posted on November 1, 2005 12:58 PM

Copyright © 2002-2013 | XHTML 1.0 | CSS | Powered by Movable Type 4.2-en