Blackwood's Edinburgh Magazine, Volume 69, No. 424, February 1851Various
History
Blackwood's Edinburgh Magazine, Volume 69, No. 424, February 1851
Various
England -- Periodicals; Scotland -- Periodicals
articles. In America it is 30 per cent, and constitutes nearly their
sole source of revenue: in Prussia it is practically 40 or 50 per
cent. By this means nearly _half the tax is paid by foreigners_--for
competition forces them to sell the articles taxed cheaper than their
ordinary price, with the addition of the tax. It is spread over so vast
a surface among consumers, that its weight is not felt; being mixed up
with the price of the article sold, its weight is not perceived. We pay
in this way half the taxes of America, Germany, and all the countries
to whom we chiefly export our manufactures. Let us return them the
compliment, and adopt a system which will make them pay the half of
ours. The whole, or nearly the whole, of the Income Tax, which now
produces L.5,400,000 a-year, would by this change be spent in increased
purchases in the home market, and sensibly relieve its sinking state.
This change would at once obviate our external dangers--for it would
enable Government, without sensibly burdening the country, to maintain
the national armaments on such a scale as to bid defiance to foreign
attack. We shall see in our succeeding paper whether it would not, at
the same time, be an effectual remedy, and the only one that would be
practicable, to the most serious part of our domestic evils.
FOOTNOTES:
[3] "We have now lying before us both the printed and manuscript
copy of the petition of a valued friend (the late Rev. W. Howells,
of Long Acre) against the bill for granting to Roman Catholics the
privilege of paralysing the hands and obstructing the labour of
Protestant statesmen. At page 92, in the Memoirs of that eminent man,
published by his friend and executor, Mr Bowdler, our readers will
find that petition speaking with little less than prophetic voice
of the confusion and misery certain to follow a measure which every
Protestant, in proportion to the clearness of his views of Divine
truth, must consider a downright infraction of his allegiance to his
God.
"We quote three of the clauses in the petition alluded to, and we ask
whether the fears therein expressed have not been fulfilled to the very
letter:--
"'That the concession of the elective franchise has not only multiplied
the crimes and aggravated the miseries of Ireland, but shaken likewise
the very foundation of the glorious British constitution, the majority
of Irish votes being virtually at the disposal of a demoralising,
disloyal, turbulent, and traitorous priesthood.
"'That the concession of the representative franchise would be
productive of further and progressive evils, and enable Romanists
either to prosecute a successful crusade for supremacy, or involve the
country in all the horrors of a civil war.
Public-domain text, read in full here on John Shaqi.
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