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e 6. A land tax, in some cases, not taxation, but a rent-charge in favour of the
public, . - - e - - - . 414 7. Taxes falling on capital, not necessarily objectionable, . .
415 411 CHAPTER III. Of Direct Taa'es. § 1. Direct taxes either 10 CONTENTS.
e e - e 6. A House Tax, o • • - - e - e CHAPTER IV. Of Tawes on Commodities. § 1.
A Tax on all Commodities would fall on profits, . 2. Taxes on particular
commodities fall on the consumer, . -3. Peculiar effects of taxes on necessaries, -
- - - ~4.
Such things have occurred even in the case of payments stipulated in gold and
silver; but the great fall of their value after the discovery of America, is, as yet, the
only authenticated instance; and in this case the change was extremely gradual,
The value of money is inversely S as general prices: falling as they rise, and
rising as roj fall. But unhappily the same phrase is also employed, in the current
language of commerce, in a very different sense. Money, which is so commonly ...
An increase of the circulating medium conformable in extent and duration to the
temporary stress of business, does not raise prices, but merely prevents this fall.
The sequel of our investigation will point out many other qualifications with which
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Pragmatic or muddled? Mill sets out to explore economic principles but, ultimately, finds that there is no principle which doesn't have any amount of conceivable exceptions. You have to wonder why its ... Читати огляд повністю