Author : Carman F. Randolph
Publisher : Forgotten Books
ISBN 13 : 9780656180080
Total Pages : 68 pages
Book Rating : 4.1/5 (8 download)
Book Synopsis The Home Market and the Federal Surplus (Classic Reprint) by : Carman F. Randolph
Download or read book The Home Market and the Federal Surplus (Classic Reprint) written by Carman F. Randolph and published by Forgotten Books. This book was released on 2018-02-09 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Home Market and the Federal Surplus In the administration of finance the revenue should not rise above the expenditure. If substantial equality can not be maintained, a slight deficit is preferable to a marked excess, since the latter subjects the government to the reproach of an unjust tax-gatherer. Yet a surplus is sometimes taken as a sign of government wealth; in truth it is rather a Sign of unthrift on the part of the tax payer. This notion of government wealth is in itself the parent of misconceptions which go to the root of our democratic institutions. Our government possesses no wealth which can be applied to general public wants. And this not alone in the abstract sense that in a democratic state as the government itself is of the people so are its possessions, but in the fact that the property to which the government holds title is not a source of net income. The government owns ships, buildings, material, etc., practically inconvertible. It holds the title to a vast domain which as a financial investment has proved a failure, since the cost of its acquisition and develop ment already exceeds the receipts from sales by about This domain has been at times treated as a source of general revenue; again, as the spoil of corpora tions; but the true policy is to develop the land for its highest destination, its purchase at low, even nominal prices, by actual settlers who in time build up self-sup porting States. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
