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
It is for this reason, that, by obliging a man to create more than he
himself consumes, taxation increases the wealth of a nation; so that
the flourishing state of England is a very natural effect of heavy
taxation. The misery and poverty of those people who have little or
nothing to pay, is equally natural, though it does not astonish one quite
so much.
As there is nothing in the world without a bound, and a limit, it is
clear, that, in laying it down as a principle, that rent and taxes
occasion wealth instead of poverty, it is only to be understood, to a
certain extent; that is to say, to the length to which the nature of things
will admit of the exertion of man augmenting his industry, but not a
step farther.
To ascertain this point would be to solve a most curious problem;
observing, that the solution would, in every case, depend on a great
variety of particular circumstances.
Something like a general investigation, however, is possible. It will
not be accurate, nor is that wanted, but it may lay the foundation for
understanding the matter better at a future period.
In London, rent and taxes are heavier than in any other part of the
kingdom, and in Scotland they are less than in any other; yet, the
working people, from all parts of the kingdom, come to London, and
from the poorest places, in the greatest numbers. Ireland, Scotland,
and Wales, are the poor countries, _lightly taxed_, and from them
---
{189} Accumulation is sometimes not a passion, but arises from
necessity; by accumulation, is meant the increasing the value of the
stock you possess, whether it consists of land, cattle, money, or
merchandize.
Thus, for example, the Americans are increasing in wealth, from
necessity, because their country is becoming better, by being
cultivated, in order to produce what is necessary. They cannot have
what they want, in the way they wish, without increasing or bettering
the property of which they have taken possession.
If they had no more rent and taxes than they have, and if this were not
the case, they would remain a poor people. Thus, the inhabitants of
Syria, of Egypt, of Arabia Felix, formerly the finest countries in the
world, having a property that does not better in their possession, and
having scarcely either rent or taxes to pay, remain, from generation to
generation, creating little, and consuming what they create.
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[end of page #237]
people come, perpetually, to pay _heavy taxes_ in London. Yes, but it
will be said, in answer, these are poor countries. They are, however,
richer than England was in the days of Queen Elizabeth; and, if the
nature of things could have admitted of people _changing centuries_,
as they _change countries_, the people of the seventeenth century,
with light taxes, would have emigrated to the nineteenth century, with
all its heavy taxes, just as those Irish and Scotch come to London.
Public-domain text, read in full here on John Shaqi.
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