Alexander Hamilton Quotes


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.


Citations

Hamilton, Alexander. "The Federalist No. 21." The Independent Journal, 12 Dec. 1787.

Related Quotes

This historical quotation is surprising to us over a century later. We are surprised at the very large revenue from the then relatively low tax rates on alcohol and tobacco and many people who did not pay their taxes at the time. Also, the incredibly small appropriation for the military. WWI was only 4 years away. Generally, until the Second World War, the Democratic party did not advocate large military expenditures and the Republicans were more isolationist and opposed almost all defense spending. After WWII, the Republican Party flip flopped and became the champion of military readiness and defense spending.


She was one of the leaders fighting the proposal to allow casino gambling in the state. Months later, the legislature passed a bill allowing 3 casinos in the state and the Governor signed it. No one disagreed with Ms. Tucker, but with the Great Recession diminishing state tax revenue, most legislators and the governor felt that the benefits outweighed the problems.


Alexander Hamilton
Alexander Hamilton
  • Born: January 11, 1755
  • Died: July 12, 1804
  • Nationality: American
  • Profession: Politician

Alexander Hamilton was an American statesman, politician, legal scholar, military commander, lawyer, banker, and economist. He was one of the Founding Fathers of the United States. He was an influential interpreter and promoter of the U.S. Constitution, as well as the founder of the nation's financial system, the Federalist Party, the United States Coast Guard, and the New York Post newspaper. As the first secretary of the treasury, Hamilton was the main author of the economic policies of George Washington's administration. He took the lead in the federal government's funding of the states' debts, as well as establishing the nation's first two de facto central banks, the Bank of North America and the First Bank of the United States, a system of tariffs, and friendly trade relations with Britain. His vision included a strong central government led by a vigorous executive branch, a strong commercial economy, government-controlled banks, support for manufacturing, and a strong military.