I did not celebrate the Fourth of July today. This goes back to a term paper I wrote in graduate school. It was on Colonial taxation in the British North American Colonies in 1775. Not counting local taxation, I discovered that the total burden of British imperial taxation was about 1% of national income. It may have been as high as 2.5% in the southern Colonies. In 2008, Alvin Rabushka’s book of almost 1,000 pages appeared: Taxation in Colonial America (Princeton University Press). A review published in the Business History Review summarizes the book’s findings. Rabushka’s most original and impressive contribution is his measurement … Continue reading Was the American Revolution a Mistake?
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