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<head>Indirect Legislation</head> | |||
<note>Mischief</note> | |||
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<p><add>-tribution</add> levied <add>afforded</add> voluntarily or involuntarily by a numerous<lb/>body of persons at once: the loss being taken<lb/>out of the sum of the <del>fortunes</del> <add>estates</add> of all these persons<lb/>bears a less ratio to the fund out of which it is taken<lb/>than if it were taken out of the estate of the<lb/>individual on whom it first alighted. In this way<lb/><del>a loss by being reduced</del> by breaking down a contribution<lb/>into parcels <del>that are</del> <add>so small as to be</add> impalpable, the<lb/><sic>burthen</sic> of it may be reduced <add>in a manner</add> to nothing. The introduction <lb/>of <del>public insurance</del> <add>incorporated</add> offices of insurance<lb/>unites both these advantages. <del>Now</del> <add>But</add> the greater the<lb/>number of the contributors, the less <hi rend="underline"><foreign>cæteris paribus</foreign></hi><lb/>is the share to be borne by each. On this account<lb/>the advantage in question is never attained in so <lb/>high a degree as when the business of insurance<lb/>is carried on by the state itself.<hi rend="superscript">(a)</hi></p> | |||
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<p>NOTE</p> | |||
<p><hi rend="superscript">(a)</hi> It will be observed that on the other hand <del>that</del> a public<lb/>fund <del>in the preservation of which no one is interested<lb/>in particular</del> is more exposed than a private one, in<lb/>which the loss comes home immediately to individuals.<lb/>But to enter into a <add>comparative</add> detail of the advantages and<lb/>disadvantages of the several institutions that may come<lb/>to be suggested is not <del>the</del> <add>our</add> business here.</p> | |||
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{{Metadata:{{PAGENAME}}}}{{ | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
Indirect Legislation
Mischief
-tribution levied afforded voluntarily or involuntarily by a numerous
body of persons at once: the loss being taken
out of the sum of the fortunes estates of all these persons
bears a less ratio to the fund out of which it is taken
than if it were taken out of the estate of the
individual on whom it first alighted. In this way
a loss by being reduced by breaking down a contribution
into parcels that are so small as to be impalpable, the
burthen of it may be reduced in a manner to nothing. The introduction
of public insurance incorporated offices of insurance
unites both these advantages. Now But the greater the
number of the contributors, the less cæteris paribus
is the share to be borne by each. On this account
the advantage in question is never attained in so
high a degree as when the business of insurance
is carried on by the state itself.(a)
NOTE
(a) It will be observed that on the other hand that a public
fund in the preservation of which no one is interested
in particular is more exposed than a private one, in
which the loss comes home immediately to individuals.
But to enter into a comparative detail of the advantages and
disadvantages of the several institutions that may come
to be suggested is not the our business here.
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Identifier: | JB/087/133/002"JB/" can not be assigned to a declared number type with value 87. |
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087 |
indirect legislation |
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133 |
indirect legislation |
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002 |
note |
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text sheet |
4 |
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recto |
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jeremy bentham |
[[watermarks::r williams [britannia with shield emblem]]] |
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c. hamilton |
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27658 |
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