Category — Taxation

This is something that may be impossible to do.  The numbers are astounding.  According to the US Treasury, we now owe more than 12 Trillion, 322 Billion, 720 Thousand dollars.  This represents the principal amount of marketable and non-marketable securities …

This essay was written by Benjamin Franklin in 1766.  The context was  the imposition of  strict regulations by the British on colonial trade, in particular farmers seemed to bear the brunt of the burden.  Here is an excerpt …