An excellent article . . .worth the short read. Warfare plus welfare equals massive revenue needs. Taxes went up but with an interesting twist: The Roman government turned to the private sector to perform much of its tax collecting, legalizing almost any tactic to get the money and giving a large cut to those who got it. The ruthlessness of government was combined with the efficiency of the private sector to produce a crushing and inescapable burden. Even so, by the middle of the first century A.D., deficits and debt led the government to commence a systematic, long-term depreciation of its currency. The silver and gold content of Roman coins eventually evaporated. Long after the republic expired and the empire was entering its twilight, public welfare was enshrined as a right, not a mere privilege or temporary assist. People were even frozen by law in their professions so that no one could escape the government’s taxes or wage and price controls by changing occupations.
Posted on: Thu, 27 Nov 2014 05:28:22 +0000
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