This is the first paragraph:
The fundamental reasons for taxation:
THE problem of the Government is to fix
rates which will bring in a maximum amount
of revenue to the Treasury and at the same
time bear not too heavily on the taxpayer or
...on business enterprises. A sound tax policy
must take into consideration three factors.
It must produce sufficient revenue for the
Government; it must lessen, so far as possible,
the burden of taxation on those least
able to bear it ; and it must also remove those
influences which might retard the continued
steady development of business and industry
on which, in the last analysis, so much of our
prosperity depends.
From "Taxation, The People's Business" by Andrew Mellon.:
http://ia331307.us.archive.org/2/items/ ... 026mbp.pdf
He managed to do what we consider impossible. he paid off the debt.
Then we go Hoover and Roosevelt, the Progressive nightmares.