Three Essays on Taxation of Income (Paperback)

Three Essays on Taxation of Income Book Description

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. 1799. Excerpt: ... OF THE IMPROVEMENT OF AGRICULTURE. In the preceding essay I had occasion to remark, that landholders, instead of being desired to purchase their land-tax, ought at once to be relieved from it, and be put on the same footing with those whose wealth arises from money or other property producing income. In equity this ought certainly to be done; and there is reason to hope that at no very distant period it will happen. As long, however, as it is judged proper to continue this singular and severe assessment on land, which will probably be the cafe as long as landed proprietors think proper not even to make a request to parliament to get free of it, and shall submit to it without saying that it is a grievance, as hitherto they have very unaccountably done, there is just one method of applying the fund that is obtained from it, which might give satisfaction to those on whom it is levied, and to which there is reason to hope they will appear to be entitled. H 2 The The purpose to which I allude, is the Improvement of Agriculture; an object: of more real importance to Great Britain, than any that we can ever perhaps have in view. Our commerce and manufactures are very productive; but, if in search of this kind of wealth, we neglect the necessaries and comforts of life, we shall retain the shadow, and lose the substance; while in the act of doing so we incur the rifle of losing both our spirit and independence, together with that importance among nations which we have gained; the necessary effect of our becoming dependent on others for our subsistence. Agriculture, as the first and most important object with all nations of territory, should be carried to the greatest possible perfection, before any considerable encouragement is given to manufactures. It ought, ind...

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