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In the usual progress of things, the necessities of a nation in every stage of its existence will be found at least equal to... Options
Daemon
Posted: Tuesday, February 26, 2013 12:00:00 AM
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In the usual progress of things, the necessities of a nation in every stage of its existence will be found at least equal to its resources.

Alexander Hamilton (1755-1804)
MTC
Posted: Tuesday, February 26, 2013 6:56:49 AM
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Hamilton argues that the new federal government must have the general power of taxation to meet the financial needs of nationhood.

The quotation is the main point of The Federalist No. 30
Concerning the General Power of Taxation
New York Packet
Friday, December 28, 1787
[Alexander Hamilton]
To the People of the State of New York
:

"I believe it may be regarded as a position warranted by the history of mankind, that, in the usual progress of things, the necessities of a nation, in every stage of its existence, will be found at least equal to its resources."

(http://www.constitution.org/fed/federa30.htm)

Does the constitution in your country include this power?
jcbarros
Posted: Tuesday, February 26, 2013 8:53:15 AM

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It sounds a little bit dogmatic.
markm
Posted: Tuesday, February 26, 2013 12:10:47 PM
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Taken by itself, this quote is very amusing and apropos. Note he says the necessities are "at least" equal to the resources. Expenditures (spending) are "at least" equal to income (taxes). He leaves open the real possibility that expenses are greater than income. Sound familiar?
uuaschbaer
Posted: Tuesday, February 26, 2013 12:45:35 PM

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markm wrote:
Taken by itself, this quote is very amusing and apropos. Note he says the necessities are "at least" equal to the resources. Expenditures (spending) are "at least" equal to income (taxes). He leaves open the real possibility that expenses are greater than income. Sound familiar?


Though necessities cannot be equated with expenditures; many people with needs beyond the reach of their income just go hungry.
Verbatim
Posted: Tuesday, February 26, 2013 7:15:17 PM
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Daemon wrote:
In the usual progress of things, the necessities of a nation in every stage of its existence will be found at least equal to its resources.

Alexander Hamilton (1755-1804)


Hamilton's premise is not necessarily sound: the necessities of any nation do not have to equal its resources, may actually not relate to its resources.
By saying "at least" equal to its resources, Hamilton opened the wide door to overspending for "necessities" of the American nation, i.e budget deficits.

Since taxation is what he was talking about, what he left out was that taxation ought to be fair and the rich ought to pay their share proportional to their
"resources". And, of course, he did not define "necessities", nor did he foresee the immense unnecessary costs of useless wars driving those "necessities".






egeopotum
Posted: Tuesday, February 26, 2013 8:27:02 PM
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The necessities of a nation are not the needs of the many people. If it were, then the nation should demand all the resources.
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