This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1816 Excerpt: ...do you drawfaom it? That the impost, in making the products dearer, does not augment even nominally the total value of productions; for the products diminish in quantity more than they augment in price. Does this effect take place with respect to any other merchandize than that on which the impost is levied? It takes ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1816 Excerpt: ...do you drawfaom it? That the impost, in making the products dearer, does not augment even nominally the total value of productions; for the products diminish in quantity more than they augment in price. Does this effect take place with respect to any other merchandize than that on which the impost is levied? It takes place on all the merchandise which the contributor sells. Brewers and bakers sell their products dearer when a tax is laid on the wood or coals which they burn. A tax on meat and other eatables at the gates of a city renders all its manufactured products dearer. Can all producers make the consumers beat a portion of the imposts which they are compelled to pay? There are producers who cannot. An impost laid on an article of luxury bears only on those who consume it. If a tax is laid on lace, the wine merchant whose wife wears lace, cannot sell his wine dearer on that account, for he could not maintain a competition with his neighbour whose wife does not wear lace. A landholder cannot in general make his consumers bear any portion of the tax he is compelled to pay. In order not to deceive ourselves as to the effect of taxes, how ought we to consider them? As a cause of the destruction of part of the products of society. This destruction takes place at the ex So long as the tax does not absorb the whole of the net profit, or rent of land, it is worth while t- cultivate it: consequently the impost does not diminish the quantity of the territorial products which come to market, and this is never a cause of dearness. When the impost is excessive, it surpasses the net produce of the worst lands, and hinders the improvement of others. Thus territorial products become more rare: still this circumstance does not raise the price in a durable manner, ...
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All Editions of Catechism of Political Economy; Or, Familiar Conversations on the Manner in Which Wealth Is Produced, Distributed, and Consumed in Society
