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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Science of Exchange

The Science of Exchange

Nicholson, Nathaniel Alexander

Paperback

General World History

Currently unavailable to order

ISBN10: 1235741192
ISBN13: 9781235741197
Publisher: General Books
Weight: 0.18
Height: 0.07 Width: 7.44 Depth: 9.69
Language: English
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1864. Excerpt: ... CHAPTER VIII. TAXATION. 235. What is taxation in Great Britain? It is the cost of the British constitution, that is, the per-centage which we must pay to secure our lives and properties. 236. What ought a tax to be? It ought to be but the price which we have to pay for some advantage given to us in return. 237. How can we best consult the interests of the whole mass of the nation? By encouraging free competition amongst all exchangers, irrespective of race or country, and thereby lessening the cost of producing commodities. 238. Does taxation in any country necessarily restrict competition in that country? No, it does not, provided that the same kind of commodities are taxed exactly alike, whether they be produced at home or abroad. Taxation only restricts competition when the same kind of commodities are unequally taxed, that is to say, when the price of certain kinds of commodities which some competitors supply is raised by taxation above the price of the same kind of commodities which other competitors supply. 239. What should be the aim of the financialist? To endeavour to make competition absolutely free. 240. What are direct taxes? They are taxes which are directly and distinctly demanded as taxes. 241. What are indirect taxes? They are taxes upon the consumption of various commodities, the payment of which can be avoided by not consuming the commodities. 242. What are the objections to direct taxation? That it interferes with the private concerns of the people too mnch, that it gives great opportunities for fraud, and that it cannot be put equally on all classes, but that those who are rich pay more than their fair share of taxation. 243. What are the objections to indirect taxation? That it is not just that taxation should be optional, and that an...

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