An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolongedPlayfair, William
Philosophy
An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolonged
Playfair, William
Economics; Great Britain -- Economic conditions; History -- Philosophy
The increasing wealth and prosperity of the nation, under the heavy
load of taxes, of which the debt is the principal occasion, is as much a
matter of surprize as the ultimate result is an object of anxiety.
So long, however, as the nation is not actually born =sic= down by the
[end of page #235] weight of taxes, its wealth must increase; and,
what is considered as a very strange phenomenon, is only the natural
and necessary consequence of increased taxation.
When men inhabit and cultivate land of their own, they are under no
necessity of creating any greater value than they consume; but, when
they pay RENT and TAXES, they are laid under a necessity of
producing enough to supply their own wants, and to pay the rent and
taxes to which they are subject. The same is the case with regard to
manufacturers in every line of business, for though they do not,
perhaps, consume any part of what they produce, (what comes to the
same thing is that,) they are obliged to produce as much as will
exchange, or sell, for all they want to consume, over and above paying
their rent and taxes.
Without rent and taxes there are only three things that excite the
exertion of man:--Necessity, arising from natural wants; a love of
pleasure; or, a love of accumulation.
When a man labours no more than for his mere natural necessities, he
is a poor man, in the usual acceptation =sic= of the word, that is, he
has no wealth; {188} and a nation, peopled with such men, would
justly be called a poor nation. When a man labours for nothing more
than what he expends on pleasure, or to gratify his taste and passions,
it is still the same, he consumes what he creates, and there is an end of
the matter; and, whether he creates much or little, as his consumption
is regulated by it, no difference is made to society; but, when rent and
taxes constitute a part of the price of every commodity, the
consumption of every man, whether he pays any taxes directly or not,
himself, is attended with an increase to the revenues of those who
receive the rent and taxes, and obliges him to create more than he
consumes.
---
{188} Some philosophers call a man rich, who wants little, and has
that little; they are quite right, in their way, but that does not apply
here. Perhaps, according to their definition, the Lazzaroni of Naples
are richer than the merchants of London; and, a man who is contented
in a parish work-house, is, beyond dispute, rich; to say that such a man
is wealthy would be absurd, because wealth, with writers on political
economy, implies being possessed of real tangible property.
-=-
[end of page #236]
It arises from this, that the aggregate wealth of a people increases with
rent and taxes; for, where there are neither, the desire of accumulation
is the only thing that increases wealth. {189}
Public-domain text, read in full here on John Shaqi.
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