Williams on Taxation – Today’s Quote

Dr. Walter E. WilliamsTaxes are necessary to fund the constitutionally mandated functions of the federal government.  If Congress spent according to its authority under Article 1, Section 8 of our Constitution, taxes wouldn’t be any more than 5 percent of the gross domestic product, as it was between 1787 and 1920, as opposed to today’s 20 percent.

Dr. Walter E. Williams via Price Versus Cost

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