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Editorial
April 5, 1850
Kenosha Telegraph
Kenosha, Kenosha County, Wisconsin
What is this article about?
An editorial quoting an exchange on agitation to repudiate England's debt, arguing the plea is valid as institutions allow the few to rob the many via taxes and borrowing, predicting repudiation when the people gain power.
Clipping
OCR Quality
98%
Excellent
Full Text
"We see it stated that they are actually agitating the question of repudiating the debt of England, on the ground that one generation has no right to tax another."
So says an exchange. If the plea put in for repudiation is not a good one, we think the further plea, that the people may at some time refuse to be robbed, will hold good. They have in England institutions and laws framed by a few which rob the many and concentrate their hard earnings into the hands of capitalists. The government then borrows this plunder and squanders it on a few favorites, and then asks the people to refund again to pay it back. As long as the government and people are distinct, and the government is the strongest, the national debt of Great Britain will be respected, but when the people come to rule as they one day will, the debt, as it should be, will be promptly repudiated.
So says an exchange. If the plea put in for repudiation is not a good one, we think the further plea, that the people may at some time refuse to be robbed, will hold good. They have in England institutions and laws framed by a few which rob the many and concentrate their hard earnings into the hands of capitalists. The government then borrows this plunder and squanders it on a few favorites, and then asks the people to refund again to pay it back. As long as the government and people are distinct, and the government is the strongest, the national debt of Great Britain will be respected, but when the people come to rule as they one day will, the debt, as it should be, will be promptly repudiated.
What sub-type of article is it?
Economic Policy
Taxation
What keywords are associated?
Debt Repudiation
National Debt
England
Capitalists
Government Plunder
What entities or persons were involved?
England
Great Britain
Capitalists
Editorial Details
Primary Topic
Repudiation Of British National Debt
Stance / Tone
Supportive Of Future Debt Repudiation By The People
Key Figures
England
Great Britain
Capitalists
Key Arguments
One Generation Has No Right To Tax Another
Institutions And Laws Framed By A Few Rob The Many
Government Borrows Plunder From Capitalists And Squanders It
People May Refuse To Be Robbed
National Debt Will Be Repudiated When The People Rule