On the record
To make a rate that does not yield a fair return results in confiscation, and confiscatory rates are of course unconstitutional.
Source
gutenberg.orgCalvin Coolidge: “To make a rate that does not yield a fair return results in confiscation, and confiscatory rates are of course…”
Editor's note · Context
Coolidge emphasizes the importance of fair rates in the context of economic justice and constitutional law.
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