Liberalism · Chapter
II: Fiscal Liberty explained
This chapter explores the concept of fiscal liberty, linking it to historical struggles against arbitrary taxation by the Stuarts in England, George III in America, and the French Revolution.
What happens
This chapter explores the concept of fiscal liberty, linking it to historical struggles against arbitrary taxation by the Stuarts in England, George III in America, and the French Revolution. It argues that fiscal liberty demands more than fixed laws; it requires responsible government and direct supervision of the executive, encapsulated in the cry 'No taxation without representation.'
Themes in this chapter
Liberty and Restraint
Fiscal liberty is presented as a restraint on executive power through representation and supervision.
Democracy and Popular Sovereignty
The demand for 'no taxation without representation' ties fiscal liberty directly to democratic governance.
Characters to notice
- The Englishman
Referenced as the subject of arbitrary taxation by the Stuarts, representing the broader English experience.
Key passages
“No taxation without representation”
The principle that taxes should only be imposed with the consent of the governed through their representatives.
This phrase encapsulates the core argument for fiscal liberty and responsible government.