tag:blogger.com,1999:blog-4468664660833170893.post3682664173337172118..comments2024-01-08T14:53:19.838-05:00Comments on Bluegrass Policy Blog: Obamulus for Kentucky won't touch thisKelly Smithhttp://www.blogger.com/profile/17249335217299732224noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4468664660833170893.post-2679496711087890422009-03-01T09:30:00.000-05:002009-03-01T09:30:00.000-05:00"Not until all the other government goodies everyo..."Not until all the other government goodies everyone is used to start getting crowded out by the "staggering" payments that lie ahead of us."<BR/><BR/>Not necessarily. At least not until the politicians discover Alexander Hamilton's proportional tax on the movement of all moneys will there be adequate revenue supplied to the treasury.<BR/><BR/>In Federalist Paper 12, Hamilton wrote:<BR/><BR/>"The ability of a country to pay taxes must always be proportioned, in a great degree, to the quantity of money in circulation, and to the celerity with which it circulates. Commerce, contributing to both these objects, must of necessity render the payment of taxes easier, and facilitate the requisite supplies to the treasury."Hempyhttps://www.blogger.com/profile/02813467704115452311noreply@blogger.com