JB/098/051/002

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34. C Of Compensation

punishment; for if a man is to incur a certain loss, he will suffer
more to think that his adversary is to reap the profit
than if the profit were to be reaped by any other indifferent
party; for instance the public treasury.

3. The public can better afford than any individual even to bear a loss.
3. The public can better afford even to bear a loss than any
individual. 1. In an individual the loss would produce a
greater sensation than in the public even though it were
expected. By breaking down a loss into impalpable portions,
the pressure of it is lessened upon the whole. Now what is
thrown upon the fisc or other large and public fund is broken
down into impalpable portions(a); to wit by being distributed
among all the contributors to the fund. 2. In an individual
a loss would produce a greater sensation than in the public,
were it only for being unsuspected. In an individual, losses
falling unexpectedly produce a sudden shock. On the public,
that is on the whole number of contributors to the public
Fund, they produce no such shock. In general nobody when

Note.

(a) Hence in one respect the benefit of Insurance Offices. The public
frequently grants indemnifications to individuals. In doing so, it would
never do any good if the above axiom were not true. It is for this reason
and no other that Taxes ought to be equal.

Identifier: | JB/098/051/002 "JB/" can not be assigned to a declared number type with value 98.
Date_1		Marginal Summary Numbering	1
Box	098	Main Headings	penal code
Folio number	051	Info in main headings field	of compensation
Image	002	Titles
Category	copy/fair copy sheet	Number of Pages	2
Recto/Verso	recto	Page Numbering	f33 / f34
Penner		Watermarks	[[watermarks::[britannia with shield emblem]]]
Marginals		Paper Producer
Corrections	jeremy bentham	Paper Produced in Year
Notes public		ID Number	31659
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