JB/550/130/001

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1828. Jany. 29
Law Amendment.

IV. Axioms Propositions applying to Equality – 1. in respect of Wealth

I. Case 1. or State of things – the first. The quantities of wealth in question considered as being
in a quiescent state: actually in the hands of the those parties in question,
and 1. To neither entering into nor going out of the hands of either.

1. Ceteris paribus, to every portion particle of the matter of
wealth corresponds a portion particle of the matter of happiness. Accordingly Then

2. So far as depends upon wealth of two persons having
fortunes, he who has most wealth must by a legislator
be regarded as having the most happiness.

3. But the quantity of happiness will not go on
encreasing in any thing near the same proportion as the
quantity of wealth: he who has ten thousand times the
quantity of wealth will not bring with it ten thousand times
the quantity of happiness. It will even be matter of doubt
whether ten thousand times the wealth will in general bring with
it twice the happiness(a). Note (a) In England this a disproportion still greater disproportion
than this is actually exemplified. Thus it is that,

4. The effect of a wealth in the production of happiness
is diminished goes on diminishing as the quantity of wealth by which
the wealth of one man exceeds that of another goes on
encreasing: in other words the quantity of happiness produced by a particle
of wealth (each particle being of the same magnitude) will be
less and less at every particle: the second will produce
less than the first; the third than the second, and so on.

5. Minimum of wealth say £10 a year a maximum greatest
excess of happiness produced by difference excess in the quantity of
wealth, as 2 to 1: in the magnitude of a particle of wealth
£1 a year. On these data might be grounded a scale or table
exhibiting the quantities of wealth happiness produced by so as many additions made to
the quantity of wealth at the
bottom of the scale as there
are pounds between £10
and £10,000.

Identifier: | JB/550/130/001 "JB/" can not be assigned to a declared number type with value 550.
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