It is a sound principle of finance, and a still sounder principle of government, that those who have the duty of expending the revenue of a country should also be saddled with the responsibility of levying and providing it.

Summary

This quote suggests that it is logical and fair for those who are responsible for managing a country's finances and making decisions about how money is spent, should also be the ones responsible for collecting and generating that revenue. The quote implies that this principle applies to both finance and government, as it ensures a greater sense of accountability and transparency in the way funds are managed. By combining these duties, it can be argued that those who oversee the finances have a better understanding of the financial needs and constraints of the nation, which can lead to more effective decision-making.

Topics