Comments by "LRRPFco52" (@LRRPFco52) on "The Lincoln Project"
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@StanSwan So you read the Constitution where Congress can raise or levy taxes for defense, debts, and general welfare of the Nation, but then didn’t study the history of why we never had indefinite Federal taxation until the 16th Amendment. During the Civil War, Lincoln and the Union, (as well as the Confederacy) raised taxes to support the war.
The United States took in revenue in the form of tariffs prior to that. The US was the fastest-growing market in the world, and everyone wanted to do business with the US if they could.
The Civil War era taxes were eliminated in 1872, as the government no longer had justification for a large standing Army or war effort, and had plenty of revenue from tariffs. The US Economy continued to grow rapidly during the Reconstruction Era.
Taxation was never meant to be an indefinite tool for revenue-generation by Congress, especially since tariffs filled the Treasuries’ coffers at obscene rates.
The question is, why did we all of a sudden switch from tariffs to penalizing US citizens, then using that money to pay interest to a foreign group of bankers to loan us their currency?
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