This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1868 edition. Excerpt: ... value of the soil should not be exhausted, nor in the language of law, waste committed, except compensation be made in some shape or the other, for the depreciation of the national resources. The question however, whether such a tax should be levied in order to cover permanent loss, lies more in the ...
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1868 edition. Excerpt: ... value of the soil should not be exhausted, nor in the language of law, waste committed, except compensation be made in some shape or the other, for the depreciation of the national resources. The question however, whether such a tax should be levied in order to cover permanent loss, lies more in the province of the jurist than in that of the economist. There yet remains a question. What is the security of national debts? What is the real pledge which a government gives when it borrows? Unless it placed an embargo on the exportation of capital, an expedient which no one would dream of, at least in these days, it has not pledged any portion of that wealth which can be carried out of the country. Unless it similarly prohibited emigration, it could not pledge the labour of the country to the liquidation of permanent obligations. It may put upon the profits of capital and the wages of labour the condition of contributing towards the satisfaction of the public faith, as long as capital and labour reside in the country, just as fairly as it may levy a tax for those working expenses of government, the benefit of which reverts, or is supposed to revert, immediately to the taxpayer. It remains then that the ultimate pledge given as a security for public debts is land, and capital fixed upon land, and that the repayment of the principal of the public debt would be the release of land from an obligation, to which it is none the less liable, because the annual incidence of the obligation has been shifted to other kinds of property. The Delegates of the Oxford Press understand from eminent Schoolmasters and others who are authorities upon education, that there is still great need of good School Books and Manuals. They are told that Editions with good...
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
