Blackwood's Edinburgh Magazine, Volume 68, No. 421, November 1850Various
General
Blackwood's Edinburgh Magazine, Volume 68, No. 421, November 1850
Various
England -- Periodicals; Scotland -- Periodicals
Very little consideration will show that such a revision, _upon fixed
principles_, is absolutely necessary, if justice is to be regarded as
any element of taxation. The ordinary revenue of the United Kingdom,
on the average of the last ten years, is rather more than fifty-five
millions, whereof twenty-nine millions constitute the annual charge
of the public debt. Those fifty-five millions, it is evident, fall to
be paid _out of the annual produce of the country_, as well as the
local burdens, which amount to a great deal more, there being, in
fact, no other means of payment; for, without produce at home, foreign
commodities cannot be purchased, and the consumer of such commodities
is the party who pays not only the prime cost of the article, but all
the taxes which may be levied upon it; and this he must do, if not
directly, at least indirectly, out of produce. Hence, the burden of
taxation remaining the same in money, and not fluctuating according
to the value of produce, it is evident that it never can be for
the general interests of the country that produce should be unduly
depreciated; that is, that it should be sold at prime cost to the
consumer, perfectly free of that portion of taxation which it ought
on principle to bear. It is really amazing that so self-evident a
proposition should have escaped the notice of our legislators; nor can
we otherwise account for the fiscal blunders which have been committed,
than by supposing that men in power had become so used to shuffle and
deal with taxation, that they entirely lost sight of its clear and
fundamental principles. Let but the reader bear this in mind, _that
all taxation is ultimately levied from production_, from which also
all incomes are derived,[51] and he will be able clearly to follow
our reasoning to the points at which we wish to arrive--first, the
absurdity, anomaly, and injustice of the present system; and, secondly,
the necessity for a complete and speedy remodelment.
The direct burdens or taxes upon agricultural produce, by far the
most important, permanent, and extensive branch of production in this
country, are levied principally through the land. These are estimated
as follows:--
Land-tax, £1,906,878
Tithes, 2,460,330
----------
Carry forward, £4,367,208
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account