Taxation Rates Quotes
This was the major source of revenue for the early United States Federal Government. The duty had to be paid each time the ship came into a U. S. port except for fishing vessels which paid only once a year. Note that favorable rates were charged for ships owned by U. S. Citizens or built within the United States.
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.
Clinton, a great leader in free public education was a realist and saw this as the primary problem to be overcome in providing public education.
His argument was that the government role in the economy was to maintain full employment and to hold inflation in check. His argument was that if these to things should be done whatever the government did to maintain that was fine. Today, we argue about every aspect of the economy and many believe that full employment and inflation control are contradictory. He would have both and make the other things give. No government has ever yet tried his approach though he was very popular amongst libertarian and free market economists.
