▁The ▁Federal ist ▁Pap ers . ▁It ▁was ▁published ▁on ▁November ▁ 2 7 , ▁ 1 7 8 7 ▁under ▁the ▁pseud onym ▁Pub lius , ▁the ▁name ▁under ▁which ▁all ▁The ▁Federal ist ▁papers ▁were ▁published . ▁It ▁is ▁titled ▁" The ▁Util ity ▁of ▁the ▁Union ▁In ▁Res pect ▁to ▁Re venue ". ▁ ▁Sum mary ▁In ▁Federal ist ▁ 1 2 , ▁Hamilton ▁arg ues ▁that ▁the ▁formation ▁of ▁the ▁union ▁will ▁lead ▁to ▁greater ▁wealth ▁for ▁the ▁states . ▁The ▁government , ▁by ▁establish ing ▁currency , ▁would ▁encou rage ▁industry ▁and ▁all ▁Americans ▁would ▁enjoy ▁the ▁benefits . ▁Hamilton ▁continues ▁by ▁arg uing ▁that ▁there ▁is ▁no ▁rival ry ▁between ▁commerce ▁and ▁agricult ure ▁- ▁rather ▁each ▁benefits ▁when ▁the ▁other ▁pro sp ers . ▁Tax es ▁should ▁be ▁lev ied ▁on ▁commerce ▁and ▁the ▁union ▁will ▁be ▁much ▁more ▁efficient ▁than ▁the ▁states ▁at ▁collect ing ▁re venue . ▁In ▁fact , ▁the ▁article ▁predict s ▁that ▁re venue ▁will ▁triple ▁with ▁the ▁new ▁federal ▁government ▁admin ister ing ▁tax ▁collection . ▁The ▁states ▁have ▁been ▁unable ▁to ▁establish ▁an ▁ade qu ate ▁way ▁to ▁collect ▁tax es . ▁Hamilton ▁claims ▁that ▁direct ▁tax ation ▁is ▁not ▁a ▁reality ▁for ▁the ▁new ▁government . ▁Instead , ▁tax es ▁should ▁be ▁lev ied ▁on ▁imports ▁and ▁exports , ▁mainly ▁on ▁imports . ▁Hamilton ▁also ▁points ▁out ▁that ▁if ▁the ▁federal ▁government ▁admin ister s ▁tax ▁collection ▁instead ▁of ▁leaving ▁the ▁task ▁to ▁states , ▁it ▁will ▁reduce