An Essay on the Cause of the Decline of the Foreign Trade; Consequiently of the Value of the Lands of Britain, and on the Means to Restore Both (Paperback)

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.1750 Excerpt: ... on Commodities as that Subsidy hath provided for; so that until all our other Taxes are supplied by this, in every Year following the People will have remitted to them in the Taxes on Land and Necessaries, with their Consequences, more than an Equivalent for what they paid the foregoing Year, whereby, they will be enabled yearly to pay more to this Tax; so that every Year's Subsidy must increase. Whatever appears most burdensom should be the first taken off, such as the Duties on Sope, Candles, Salt, Coals, or foreign Materials of Manusacture. 9. This Propofal being different from the Method of raising Taxes now used, and designed to take off our present Oppressions, every body will be Gainers, the poor Manusacturer will not pay any thing, nor should he; but here then will appear a fort of Paradox, the Rich proportionably are to pay all the Taxes, yet each of them to have besides a particular Gain by it: To solve this, we may fairly divide the Rich into three Classes, vi%. Landholders, Traders, and Stockholders. 10. To begin with the Landholders: Suppose a Gentleman to have an Estate of 1000 /. per Annum; that the Land-Tax is 4 s. in the round, but he being in an easy-rated County pays but 2 s. in the Pound, which amounts to 100/. in lieu of which Land-Tax, Excises, Customs, tsV. are allowed eight Subsidies, presuming they would raise a Sum equal to the Amount of our present Duties: Suppose then this Gentleman to pay by this Propofal, For 25 00 00 For Himself, 8 Subsidies 1 r ' for the Article 4, is j S- oo e- For his Wise the JLof?, I 12 10 00 what he pays, J For four Children i ach of what he pays J "87 10 oa He remains a clear Gainer iz 10 00 By this it appears, that where the Land-Tax is but half-paid, such a Landho...