"Voluntary taxation, far from impairing the "State's" credit, would strengthen it. In the first place, the simplification of its functions would greatly reduce, and perhaps entirely abolish, its need to borrow, and the power to borrow is generally inversely proportional to the steadiness of the need. It is usually the inveterate borrower who lacks credit. In the second place, the power of the State to repudiate, and still continue its business, is dependent upon its power of compulsory taxation. It knows that, when it can no longer borrow, it can at least tax its citizens up to the limit of revolution. In the third place, the State is trusted, not because it is over and above individuals, but because the lender presumes that it desires to maintain its credit and will therefore pay its debts. This desire for credit will be stronger in a "State" supported by voluntary taxation than in the State which enforces taxation."
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Anarchists from the United StatesPhilosophers from the United StatesEditors from the United StatesSocial anarchistsPublishers from the United States
Original Language: English
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Liberty and Taxation
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Benjamin Tucker
Benjamin Ricketson Tucker (17 April 1854 – 22 June 1939) was a journalist, socialist, and the leading proponent of American individualist anarchism in the 19th century.
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