...Louis, MISSOURI. II.— THE TAXATION OF MONEY. " The subjects of every State ought to contribute towards the support of the government, as nearly as possible,...they respectively enjoy under the protection of the Stale." — ADAM SMITH. More than a year ago there appeared in this REVIEW ' an able paper entitled...

...following maxims:1 (1) The subjects of every state ought to contribute to the support of government, in proportion to their respective abilities; that...they respectively enjoy under the protection of the state.2 (2) The tax which each individual is bound to pay ought to be certain, and not arbitrary. (3)...

...contribute towards the support of the government as nearly as possible in proportion to their several abilities ; that is, in proportion to the revenue...respectively enjoy under the protection of the state." This maxim, tho it sounds fairly, will hardly be found on examination to deserve the attention it has...

...ought to contribute towards the support of the Government as nearly as possible in proportion to their abilities ; that is, in proportion to the revenue...respectively enjoy under the protection of the State." To revenue as the true basis of taxation we take exception. The revenue of the landowner is a revenue...

...be better commenced than by quoting them.* " 1. The subjects of every state ought to contribute to the support of the government, as nearly as possible...respectively enjoy under the protection of the state. In the observation or neglect of this maxim consists what is called the equality or inequality of taxation....

...of maintaining our State Prison. RAILROADS. "The subjects of every State ought to contribute towards the support of the government, as nearly as possible,...respectively enjoy under the protection of the State. The expense of government to the individuals of a great nation, is like the expense of management to...

...taxation. In the front that writer says: — 1. "The subjects of every State ought to contribute towards the support of the Government as nearly as possible...respectively enjoy under the protection of the State." This is a principle capable of fair application to any country in a prosperous condition. Adam Smith...

...of every state ought to contribute towards the support of the government, as nearly as poss1ble, 1n proportion to their respective abilities ; that is,...respectively enjoy under the protection of the state. This we may call the maxim of equality, and equality consists in everybody paying, in one way or another,...

...We produce them here for the sake of convenient reference in our discussion of the subject. They are as follows : 1. The subjects of every state ought...they respectively enjoy under the protection of the slate 2. The tax which each individual is bound to pay ought to be certain and not arbitrary. The time...

...described in Adam Smith's own words : — ' ist. The subjects of every state ought to contribute to the support of the Government, as nearly as possible...respectively enjoy under the protection of the State. In the observation or neglect of this maxim consists, what is called the equality, or inequality of...