Alexander Hamilton
Alexander Hamilton
Alexander Hamiltonwas a Founding Father of the United States, chief staff aide to General George Washington, one of the most influential interpreters and promoters of the U.S. Constitution, the founder of the nation's financial system, the founder of the Federalist Party, the world's first voter-based political party, the founder of the United States Coast Guard, and the founder of The New York Post newspaper. As the first Secretary of the Treasury, Hamilton was the primary author of the economic policies...
NationalityAmerican
ProfessionPolitician
Date of Birth11 January 1757
CountryUnited States of America
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. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them.
As to Taxes, they are evidently inseparable from Government. It is impossible without them to pay the debts of the nation, to protect it from foreign danger, or to secure individuals from lawless violence and rapine.
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.
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;
It is evident from the state of the country, from the habits of the people, from the experience we have had on the point itself, that it is impracticable to raise any very considerable sums by direct taxation.
There is perhaps, nothing more likely to disturb the tranquillity of nations, than their being bound to mutual contributions for any common object that does not yield an equal and coincident benefit. For it is an observation as true, as it is trite, that there is nothing men differ so readily about as the payment of money.
The power of creating new funds upon new objects of taxation, by its own authority, would enable the national government to borrow as far as its necessities might require.
who behave amiss, or betray their public trust.
I do not think it for the interest of the general government itself, and still less of the union at large, that the state governments should be so little respected as they have been.
Men give me credit for some genius. All the genius I have is this. When I have a subject in mind. I study it profoundly. Day and night it is before me. My mind becomes pervaded with it... the effort which I have made is what people are pleased to call the fruit of genius. It is the fruit of labor and thought.
I have learned to hold popular opinion of no value
Men are rather reasoning than reasonable animals, for the most part governed by the impulse of passion.
Real liberty is neither found in despotism or the extremes of democracy, but in moderate governments.
Real firmness is good for anything; strut is good for nothing