The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.
A tax can never be favorable to the public welfare, except by the good use that is made of its proceeds.
If one individual, or one class, can call in the aid of authority to ward off the effects of competition, it acquires a privilege and at the cost of the whole community; it can make sure of profits not altogether due to the productive services rendered, but composed in part of an actual tax upon consumers for its private profit' which tax it commonly shares with the authority that thus unjustly lent its support.
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