Government Income 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.
This notion of state owned industries where the profits can pay for some of the costs of operating a government. In modern cases like China, Egypt and Indonesia, the military owned industries the profits of which defrayed the general budget burden. The problem however, has always been that the government tends to give preference to government owned industries in purchases and the lack of competition generally produces inefficient companies over time.
