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Tax-Loving Conservatives

•, by Gary North

This may sound odd. Conservatives don't love taxes. They want lower taxes. Right? They want lower taxes and smaller government.

I wish that were true. It isn't.

Alexander Hamilton was a crusader for higher taxes and a larger national government in the 1790s. He wanted higher taxes in order to raise money for a higher federal debt. He wanted higher federal debt because he wanted investors in government IOUs to commit to the survival of the United States. Free market economist Thomas DiLorenzo has summarized Hamilton's position, which he accurately identifies as crony capitalism.

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