JB/107/154/001

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A 2 Political Prospects Bankruptcy what

What is more, were the Government to find itself
reduced to the necessity of having recourse
to this operation, neither would this necessity be
any proof of a comparative state of national poverty, nor could it accordingly
be averted by any degree of national affluence the nation be preserved from this necessity by a great
superiority in comparison of that which existed at the time
of the operation of Mr Pelham. The faculty of
finding money in sufficient quantity to pay the
dividends on the existing stock of Government annuities
depends — not simply on the quantity of wealth
in the hands of its individuals, the nation at large but on that circumstance
together combined with the quantity of annuities
existing on the one hand and the quantity
of taxable matter remaining on i:e: permanent property
the other. [The quantity of great bulk of the taxable matter of a
country is composed of taxes on consumption: property
being in great part out of the reach of taxation,
and the remainder not taxable without inequality
and injustice, since the Landowners pay and
every other species of Proprietor however slender their income and expenditure paying as much to
the taxes on consumption as the a non-proprietor
of equal income and expenditure, the former are
thus taxed twice over.] [ ] Absolute or even proportional The nation may have
twice or thrice as much wealth in it as at the
time of Mr Pelham, and yet Government be in
an irremediable and even unblameable state of
Bankruptcy. If it has three times as much to
pay in annuities, then although it should have
thrice as much wealth, yet if it has no more than thrice

Identifier: | JB/107/154/001 "JB/" can not be assigned to a declared number type with value 107.
Date_1		Marginal Summary Numbering
Box	107	Main Headings
Folio number	154	Info in main headings field	political prospects
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	d2
Penner	jeremy bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	35145
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