It would prove that the whole revenue now absorbed by individuals exceeds, a minimum of by the quantity of the tax, the remuneration needed to keep up that particular financial function. Now, that is merely an imaginary image, and I need not ask whether such a measure of knowledge on the a part of a Government is practically attainable, or whether such a measure of centralization may not carry penalties which would hamper progress in different directions. The image serves merely for example the principles of equitable distribution by which the State must be guided in coping with property. It serves to define our conception of economic justice, and therewith the strains on which we should be guided in the adjustment of taxation and the reorganization of business.
Carlyle and Sterling didn’t differ “besides in opinion.” To most of us that’s just what distinction means. Carlyle was aware that there … Read More