In short, by this system the burden of revenue falls almost entirely on the wealthy and luxurious few, while the substantial and labouring many, who live at home and upon home products, go entirely free.
Abraham Lincoln: “In short, by this system the burden of revenue falls almost entirely on the wealthy and luxurious few, while the…”
Editor's note · Context
Concluding a discussion on economic policy, Lincoln summarizes that a tariff system primarily taxes the wealthy and those consuming foreign luxuries, sparing the working class.
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