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<head>B</head> | |||
<head>4 Political Prospects</head><!-- headings in pencil --> | |||
<p><add>note</add><!-- added in pencil --> The <add>utmost</add> proportional benefit that the Revenue of each<lb/> | |||
succeeding year can <unclear>draw</unclear> from the savings of any preceding<lb/> | |||
year is — not the whole amount of <del>those saving</del> the principal<lb/> | |||
money laid up, but only a few centage upon the interest<lb/> | |||
of that principal. <del>Let all</del> <add>Let</add> £10,000,000, the sum<lb/> | |||
laid up by individuals in the course of the year 1798: <del><gap/></del> <lb/> | |||
let 5 per cent be the rate of interest, and 20 per cent<lb/> | |||
the proportion of the taxes of 1799 to the income of the<lb/> | |||
same year. The benefit derivable <del>f</del> to the Revenue in<lb/> | |||
1799 from the £10,000,000 laid up in 1798 will be<lb/> | |||
— not £10,000 — nor yet £500,000, — but only £100,000.</p> | |||
<p>Those who infer the improbability <add>non-arrival <add>distance</add></add> of National <add>Public</add> Bankruptcy<lb/> | |||
from the continuance of national accumulation, and<lb/> | |||
those who from the apparent <add>danger <add>probability</add></add> unavoidableness of National <add>Public</add><lb/> | |||
Bankruptcy infer the ruin <add>arrival of National ruin</add> of the Nation including<lb/> | |||
if it means anything the cessation of that accumulation,<lb/> | |||
are equally <del>mistaken</del> under a mistake.</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} |
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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107 |
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171 |
political prospects |
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001 |
note |
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recto |
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jeremy bentham |
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35162 |
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