I am conscious that an equal division of property is impracticable. But the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property..[a] means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise.


Letter to James Madison (October 28, 1785). - Earlier drafts


I am conscious that an equal division of property is impracticable. But the consequences of this enormous inequality producing so much misery to the...

I am conscious that an equal division of property is impracticable. But the consequences of this enormous inequality producing so much misery to the...

I am conscious that an equal division of property is impracticable. But the consequences of this enormous inequality producing so much misery to the...

I am conscious that an equal division of property is impracticable. But the consequences of this enormous inequality producing so much misery to the...