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- Apr 2022
Other circumstances,18 combined with the increase of numbers, have produced an augmentation of revenue arising from consumption in a ratio far beyond that of population alone: and tho the changes in foreign relations, now taking place so desireably for the whole world, may for a season affect this branch of revenue, yet weighing all probabilities of expence, as well as of income, there is reasonable ground of confidence that we may now safely dispense with all the internal taxes, comprehending excises,19 stamps, auctions, licenses, carriages and refined sugars: to which the postage on newspapers may be added to facilitate the progress of information: and that the remaining sources of revenue will be sufficient to provide for the support of government, to pay the interest of the public debts, and to discharge the principals in20 shorter periods than the laws, or the general expectation had contemplated. war indeed21 and untoward events may change this prospect of things, and call for expences which the impost could not meet. but sound principles will not justify our taxing the industry of our fellow citizens to accumulate treasure for wars to happen we know not when, and which might not perhaps happen but from the temptations offered by that treasure.
Cutting taxes to be at a sufficient level. Not good to seek to build a fortune. Especially for "potential" wars as this will breed wars.