Report From Mr. Morris, of Baltimore, From a Minority Committee On Ways And Means 1852
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Do they ever pay a pre- mium for the pleasure of paying a debt, long before it comes due, as it is proposed hereafter to show, would be the effect of the policy laid down the majority of the Committee? No one, it is presumed, would attem.pt to prove (hat such is the course pursued by them in the management of their affairs. The same argument which would induce the Legislature to burden the people 300,000 dollars annually, would be equally applicable, if the debt were double the amount; six hund...red thousand dollars would then be demanded to carry out the principle. But to more fully exemplify its nature, the undersigned would ask, why not pay off tlie debt in five years? Why not increase the direct tax to 40 cents on the 100 dollars, and by that means save to the people 1,500,000 of interest money? In reply, it may perhaps be urged, that the bur- den would be too great, and that though the imposition of the tax would be truly a saVing to the people, they would not submit to it; whilst, on the other hand, the present taxes are borne without complaint.
What to read after Report From Mr. Morris, of Baltimore, From a Minority Committee On Ways And Means 1852?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. General Assembly. House of Delegates. Ways And Means Committee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Do they ever pay a pre- mium for the pleasure of paying a debt, long before it comes due, as it is proposed hereafter to show, would be the effect of the policy laid down the majority of the Committee? No one, it is presumed, would attem.pt to prove (hat such is the course pursued by them in the management of their affairs. The same argument which would induce the Legislature to burden the people 300,000 dollars annually, would be equally applicable, if the debt were double the amount; six hund...red thousand dollars would then be demanded to carry out the principle. But to more fully exemplify its nature, the undersigned would ask, why not pay off tlie debt in five years? Why not increase the direct tax to 40 cents on the 100 dollars, and by that means save to the people 1,500,000 of interest money? In reply, it may perhaps be urged, that the bur- den would be too great, and that though the imposition of the tax would be truly a saVing to the people, they would not submit to it; whilst, on the other hand, the present taxes are borne without complaint.
What to read after Report From Mr. Morris, of Baltimore, From a Minority Committee On Ways And Means 1852?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. General Assembly. House of Delegates. Ways And Means Committee to read onlineMoreLess
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