On the record
In the first place, the maintenance of the present high taxation compels the retention of many taxes which are contrary to the maxims of free-trade.
Said by
Walter Bagehot
Source
gutenberg.orgWalter Bagehot: “In the first place, the maintenance of the present high taxation compels the retention of many taxes which are contrary…”
Editor's note · Context
Bagehot states that high taxation necessitates retaining taxes that contradict free-trade principles.
Share
More from Walter Bagehot
Carlyle has taught the present generation many lessons, and one of these is that 'God-fearing' armies are the best armies.
The United States could not have become monarchical, even if the Constitutional Convention had decreed it, even if the component States had ratified it.
The Parliament, the laws, the press were human institutions; but the Monarchy was a Divine institution.
But all men heed great results, and a change of Government is a great result.
Other voices in this conversation
