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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (1049336)	1/19/2018 3:13:39 PM
From: Brumar89	Respond to of 1586443

Hamilton disagrees with you ... in addition to raising revenue, Hamilton cited a beneficial impact on public morals and health from taxing whisky: Hamilton had a predisposition toward taxing alcohol beverages. In Federalist 12, he had stated: The single article of ardent spirits, under Federal regulation, might be made to furnish a considerable revenue. Upon a ratio to the importation into this State [i.e., New York], the whole quantity imported into the United States may be estimated at four millions of Gallons; which at a shilling per gallon would produce two hundred thousand pounds. That article would well bear this rate of duty; and if it should tend to diminish the consumption of it, such an effect would be equally favorable to the agriculture, to the economy, to the morals and to the health of the society. There is perhaps nothing so much a subject of national extravagance, as these spirits. [8] Hamilton essentially repeated this argument in his January 1790 report to Congress. In that report, he said: The consumption of ardent spirits particularly, no doubt very much on account of their cheapness, is carried to an extreme, which is truly to be regretted, as well in regard to the health and the morals, as to the economy of the community. Should the increase of duties tend to a decrease of the consumption of those articles, the effect would be, in every respect desirable. The saving which it would occasion, would leave individuals more at their ease, and promote a more favorable balance of trade. [9] As far as this decrease might be applicable to distilled spirits, it would encourage the substitution of cyder [sic] and malt liquors, benefit agriculture, and open a new and productive source of revenue. [10] ttb.gov