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16 Decr 1800
At this rate £10,000, in sums of £1 each, pays
in the aggregate altogether no less than 83.6:8.
And this though it be for an accommodation of no more than
2 months.
For the whole year of the two months accommodation
were to be repeated as often many times as it may be
and indeed frequently is in the compass of the year
the aggregate of the tax would amount to no less
than £500. £500-0-0
For this same accommodation if given in
respect of a sum to the same amount but
in an entire sum, the tax is no more than
2s8d: for this low is stands the more highest degree
of the scale, 1/75000th part only of what it is in
the other case.
When in the a man borrower borrows in this way or obtains respite obtains accommodation
for £10,000, it is because his circumstances
are such as enable him to raise his pecuniary
transactions to this great high magnitude.
When a man obtains ob accommodation for
so small a sum as £1, it is because his
circumstances are such as do not enable him
to raise his pecuniary transactions higher than
that small sum.
The man who is thus able to borrow
£10,000 is surely assuredly a poor rich man: – the man
who wants and yet is not able to borrow
more than £1, is as assuredly a poor man.
The tax rate of taxation on the poor is 75000 times as high
as on the rich!
Identifier: | JB/003/137/001 "JB/" can not be assigned to a declared number type with value 3.
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1800-12-16 |
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manual of political economy |
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137 |
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text sheet |
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jeremy bentham |
1798 a<…> |
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1798 |
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1547 |
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