On the Principles of Political Economy and Taxation (Economics books Book 11) by Ricardo David

Author:Ricardo, David [Ricardo, David]
Language: eng
Format: epub
Published: 2020-06-03T16:00:00+00:00

It was from Dr. Smith's misconception of the effect of these taxes that he was led to the conclusion that "the middle and upper ranks of people, if they understood their own interests, should always oppose all taxes on necessities. " life, as well as all direct taxes on labor wages. " This conclusion follows from his reasoning," that the final payment for both is entirely up to themselves, and always at considerable extra cost. They weigh most heavily on the owners, who always pay double; in that of the owners, by the reduction of their rent, and in that of the rich consumers, by the increase in their expenses. The observation of Sir Matthew Decker, that certain taxes are in the price of certain goods, sometimes repeated and accumulated four or five times, it is perfectly just as regards the taxes on the necessities of life. In the price of leather, for example, you have to pay, not only the tax on the leather of your own shoes, but part of that on the shoemaker and the tanner. You must also pay the tax on the salt, soap and candles that these workers consume when they are employed in your service, as well as the tax on the leather, that the salt, soap and candlestick consumes, while he is employed in their service. "

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.