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A 1
Political Prospects
An undesirable Bankruptcy may be attended with be a state more eligible than the state nation was put into by the glorious operation of Mr Pelham
It may be not altogether without its use
that men should be apprised — not only that
there are degrees of Bankruptcy from a flea-bite
to a death-wound — but even that a very
high degree of its Bankruptcy may be scarce if at indistinguishable
all dis- in its effects, from the highest degree
of prosperity ever yet experienced. This
is it must be confessed a Paradox. But Paradox
which means but contrary to general
opinion conception <add>understanding</add> - Paradox and falshood are not synonymous:
that which is extraordinary is not on that
account necessarily untrue.
The fam operation, the famous the glorious the
alas! init inimitable operation of Mr Pelham
was in substance and effect neither more nor less
than a tax — a tax of 25 per cent — upon the
Funds: an operation differing in no respect in
its effects on the property and the feelings the
parties interested from differing in no respect or
degree from that sort of Bankruptcy which would be
committed if for every £3 a year annuity
payable on a nominal capital of £100, 15s were
to be withheld kept back and remain unpaid. It was a tax
consented to by which had the consent of the parties it is true: but a consent
generated by what motive? brought about by what means? - by the apprehension
of a mans not being able to make even so much
as that of his money if (as government had a right to
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political prospects |
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jeremy bentham |
g&ep 1794 |
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1794 |
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