The Power To Tax Is The Power To Destroy Quote
The power to tax by inflating is the power to destroy the value of the money. This quotation comes from the words of daniel webster and those of john marshall in the supreme court case mcculloch v.
The Power To Tax Is The Power To Destroy John Marshall
The power to tax is the power to destroy and.
The power to tax is the power to destroy quote. Every increase of the money supply by monetizing the debt the prevailing mode of inflation destroys the value of money in existence to some degree. Quote from our power quotes short quotes categories. These are the words of daniel webster and chief justice john marshall who lived in the days of the founders.
The power to tax involves the power to destroy. Americans have recently witnessed the supreme court upholding a legislative act passed by congress that is one of the most oppressive measures in our nation s history the founders formula for individual freedom not only excluded this kind of taxation but the constitution they wrote specifically forbade congress from doing the very thing. The law does not expect a man to be prepared to defend every act of his life which may be suddenly and without notice alleged against him.
Maryland chief justice john marshall said the power to tax is the power to destroy. A state could put the tax so high that the branch of the federal bank would not be able to continue doing. The power to tax is the power to destroy.
John marshall in 1819 wrote that the power to tax involves the power to destroy. Nor is it a potential power only. An unlimited power to tax involves necessarily a power to destroy 17 u s.
The power to tax is the power to destroy. The power to tax is the power to destroy. Inflation is an unjust tax.
Setting forth his renowned dictum that the power to tax involves the power to destroy chief justice john marshall declared that the states and by inference local governments have no power. Even if we ignore the moral argument that taxes are theft and ignore the consequentialist arguments that taxes hamper the pursuit of happiness and lower economic efficiency the power to tax has numerous harmful incentives that indeed encourage destruction in many ways. Webster in arguing the case said.
Quote by john marshall.
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