The General Power of Taxation

The thirtieth of the Federalists’ Papers, Federalist No. 30, was an article by Alexander Hamilton. According to Chernow, “few figures in American history have been more hotly debated than Alexander Hamilton” (Chernow, 2016, p. 1). The New York package was published. It is the first of Hamilton’s seven essays on the controversial tax topic. It is called Concerning the General Power of Taxation. Hamilton states that the U.S. Government attaches great importance to taxation. According to Brownlee, “the tax regime that developed in British North America before the American Revolution were integral components of the world’s first state, one that had emerged following the crisis of the English Civil Wars in 1642” (Brownlee, 2016, p. 1). Hamilton thinks that the government’s authority to collect taxes is vital. Hamilton then detailed the distinction between internal and external taxes. He believes that the federal government requires a taxing capacity equivalent to its present and future demands. External taxes alone cannot supply a government as large as the one suggested, particularly in times of war, with sufficient revenues.

A key document required to ratify the proposed United States Constitution in Federalist No. 30. Since America had recently won the American Revolution, it had to discover a means to build a financial situation system. According to LOC, “Money is, with propriety, considered as the vital principle of the body politic; as that which sustains its life and motion, and enables it to perform its most essential functions” (LOC, 2021). Hamilton was anxious about not appreciating taxes for the people. He feels, nevertheless, that taxes are needed to satisfy residents.

To summarize, I agree with the opinion of Alexander Hamilton. Federalist No. 30 is an important document required to ratify the proposed Constitution of the United States. Hamilton was worried about not raising taxes for the people. However, he believes that taxes are needed to satisfy residents. He believes that the federal government needs a tax capacity that meets its current and future requirements to ensure a better life for the state and its residents.

References

Brownlee, W. E. (2016). Federal taxation in America. Cambridge University Press.

Chernow, R. (2016). Alexander Hamilton. Head of Zeus Ltd.

LOC. (2021). Research guides: Federalist papers: Primary documents in American history: Federalist No. 21–30. Guides.Loc.Gov. Web.