Hamilton

However Hamilton also saw that when businesses grow and expand they will pay more taxes and this will increase government revenue even more. Hamilton was willing then to sacrifice the lower classes in order to build up the upper classes (by taxing the poor more and letting investors run financial schemes) who would then provide the kind of financial support necessary for the kind of government he had in mind. This is why government and business hung together so closely in Hamilton's view. Business requires the government to use its power to create conditions good for business, and government relies on business for financing--that is the center of the relationship. Again a strong government would be able to gain the loyalty of the people and transfer their affections and loyalties from the states to the national state. The ultimate goal is to produce a sense of national unity and purpose among the people.


Hamilton strongly believed that the economies success heavily depended on the wealthy class. He states that in order for business to grow in size, the government needs the rich to use their money to invest in goverement companies.  Since the rich would invest into the government they shouldn't be taxed largely. Taxing your investors could possibly make them reclutent to put their money into business. I choose this passage because it relates to the economic debates that we are experiencing now. With the loss of many jobs in America and many business laying off workers, our current president if looking for ways to help our lower and middle class citizens. President Obama proposed a bill which would give lower income citizen and small business a tax break and would tax the rich more. Many people are opposed to this bill because like Hamilton believe that the government shouldn't tax the rich because they are our investors and we wouldn't want to lose them or have them stop spending more in our economy.