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A national debt if it is not excessive will be to us a national blessing; it will be powerfull cement of our union. it will also create a necessity for keeping up taxation to a degree which without being oppressive, will be a spur to industry.
-Alexander Hamilton
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A National Debt If It Is Not

Alexander Hamilton
A national debt if it is not excessive will be to us a national blessing; it will be powerfull cement of our union. it will also create a necessity for keeping up taxation to a degree which without being oppressive, will be a spur to industry.
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Blessing Unions Spurs

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The history of taxation shows that taxes which are inherently excessive are not paid. the high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income. the result is that the sources of taxation are drying up; wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the government nor profit to the people.
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The ultimate goal is not simply a superhighway, but an integrated north american union--complete with a currency, a cross-national bureaucracy, and virtually borderless travel within the union. like the european union, a north american union would represent another step toward the abolition of national sovereignty altogether.
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Taxes are necessary. but the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. it is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs.
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Extreme taxation, excessive controls, oppressive government competition with business, frustrated minorities and forgotten americans are not the products of free enterprise. they are the residue of centralized bureaucracy, of government by a self-anointed elite.
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A national debt, if it is not excessive, will be to us a national blessing.
Blessing Conceited Political
If i were a factory employee, a workman on the railroads or a wage-earner of any sort, i would undoubtedly join the union of my trade. if i disapproved of its policy, i would join in order to fight that policy; if the union leaders were dishonest, i would join in order to put them out. i believe in the union and i believe that all men who are benefited by the union are morally bound to help to the extent of their power in the common interests advanced by the union.
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