Suppressing society’s ability to create wealth damages the strength of society and freedom itself. Experience proves, a strong society is a wealthy society. One of government’s essential roles is thus to enable people to create wealth and prosperity.
Alexander Hamilton said in Federalist Paper 30, “Money is…the vital principle of the body politic; as that which sustains its life and motion, and enables it to perform its most essential functions.”
The wealthier society is, the better government can perform its necessary and proper functions. In contrast, as society’s wealth decreases, taxes decrease along with government’s ability to properly function. The spiral is downward.
In addition, the more demands are on society, the greater the need for government function (e.g. courts, infrastructure, public services, etc.). Our circumstances today clearly require politicians to adopt policies that proffer, not stifle, wealth creation. The strength and future of Montana and our Union demand it.
Here is one major way Montana can increase its treasury: use a more moderate and fair tax system. Despite the claim by some that taxing people more increases the State’s treasury, experience proves that a moderate tax system generates more tax revenue.
Alexander Hamilton explained this concept in Federalist Paper 21: “the product to the treasury is not so great as when [taxes] are confined within proper and moderate bounds.”
In short, families need incentives to buy property, services, and products and to raise and educate their families in Montana; and businesses need incentives to invest capital, take financial risks, and employ people here. Incentives come by way of a moderate and fair tax system. The result is a stronger Montana.
If I am elected as House District 4 representative, I will incorporate this proven and needed principle.