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B 4 Political Prospects
note
The utmost proportional benefit that the Revenue of each
succeeding year can draw from the savings of any preceding
year is — not the whole amount of those saving the principal
money laid up, but only a few centage upon the interest
of that principal. Let all Let £10,000,000, the sum
laid up by individuals in the course of the year 1798:
let 5 per cent be the rate of interest, and 20 per cent
the proportion of the taxes of 1799 to the income of the
same year. The benefit derivable f to the Revenue in
1799 from the £10,000,000 laid up in 1798 will be
— not £10,000 — nor yet £500,000, — but only £100,000.
Those who infer the improbability non-arrival <add>distance</add> of National Public Bankruptcy
from the continuance of national accumulation, and
those who from the apparent danger <add>probability</add> unavoidableness of National Public
Bankruptcy infer the ruin arrival of National ruin of the Nation including
if it means anything the cessation of that accumulation,
are equally mistaken under a mistake.
Identifier: | JB/107/171/001 "JB/" can not be assigned to a declared number type with value 107.
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political prospects |
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