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Editorial
February 6, 1816
Richmond Enquirer
Richmond, Richmond County, Virginia
What is this article about?
The editorial endorses the Edinburgh Reviewers' past warning against abolishing direct taxes, as reliance on commercial revenue proves unreliable during war; this prediction has now become reality, urging heed to the advice.
Clipping
OCR Quality
98%
Excellent
Full Text
DIRECT TAX.
The Edinburgh Reviewers are the ablest Politicians in Europe.—What they say, ought always to be listened to with respect.—In speaking several years past, of the abolition of direct or internal taxes, they urge, that in this Case,
"The Revenue of the country must be entirely drawn from the fluctuating source of commerce; a dependence is placed on the very winds and waves; and in case a war, this resource must be in a great measure cut off, and it will then be necessary to resort to those very direct taxes."
What was prophecy, is now fact—And it becomes us to profit by the warning, which we have ourselves received.
The Edinburgh Reviewers are the ablest Politicians in Europe.—What they say, ought always to be listened to with respect.—In speaking several years past, of the abolition of direct or internal taxes, they urge, that in this Case,
"The Revenue of the country must be entirely drawn from the fluctuating source of commerce; a dependence is placed on the very winds and waves; and in case a war, this resource must be in a great measure cut off, and it will then be necessary to resort to those very direct taxes."
What was prophecy, is now fact—And it becomes us to profit by the warning, which we have ourselves received.
What sub-type of article is it?
Taxation
Economic Policy
What keywords are associated?
Direct Taxes
Edinburgh Reviewers
Revenue
Commerce
War
What entities or persons were involved?
Edinburgh Reviewers
Editorial Details
Primary Topic
Warning Against Abolishing Direct Taxes
Stance / Tone
Supportive Of Edinburgh Reviewers' Cautionary Advice
Key Figures
Edinburgh Reviewers
Key Arguments
Abolishing Direct Taxes Would Make Revenue Dependent On Fluctuating Commerce
In War, Commercial Revenue Would Be Cut Off, Necessitating Return To Direct Taxes
The Reviewers' Prophecy Has Become Fact