Rates And Taxes As Affecting Agriculture
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At the end of it, the tenant will, no doubt, try to obtain a corre- sponding reduction of rent. With declining profit and competition for tenants, rather than hy tenants, the power in bargaining is on the side of the tenant, and he is likely to obtain the reduction. In precisely the same way, if the tenant has suffered by bad seasons or by low prices, he will probably obtain not only an ultimate reduction but some partial remissions.
134 RATES AND TAXES And in confirmation of the general argu- ...ment, it may be said that according to the report of the Commission the landowners have suffered most severely. The loss caused by rates and taxes is, of course, relatively small compared with the influence of prices.
The point is, that the effect, so far as it does operate, is the same. A large part of the loss is ultimately thrown on the rent.
And this is natural from the very idea of rent. Rent is a surplus, and economically is only entitled to the second preference in the distribution. This is true, not only of the true economic rent for the natural qualities (which has largely disappeared), but of the profit rent for the landlords' capital, which has become part and parcel of the land.
What to read after Rates And Taxes As Affecting Agriculture?
You can find similar books in the "Read Also" column, or choose other free books by Nicholson, J. Shield (Joseph Shield), 1850-1927 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
At the end of it, the tenant will, no doubt, try to obtain a corre- sponding reduction of rent. With declining profit and competition for tenants, rather than hy tenants, the power in bargaining is on the side of the tenant, and he is likely to obtain the reduction. In precisely the same way, if the tenant has suffered by bad seasons or by low prices, he will probably obtain not only an ultimate reduction but some partial remissions.
134 RATES AND TAXES And in confirmation of the general argu- ...ment, it may be said that according to the report of the Commission the landowners have suffered most severely. The loss caused by rates and taxes is, of course, relatively small compared with the influence of prices.
The point is, that the effect, so far as it does operate, is the same. A large part of the loss is ultimately thrown on the rent.
And this is natural from the very idea of rent. Rent is a surplus, and economically is only entitled to the second preference in the distribution. This is true, not only of the true economic rent for the natural qualities (which has largely disappeared), but of the profit rent for the landlords' capital, which has become part and parcel of the land.
What to read after Rates And Taxes As Affecting Agriculture?
You can find similar books in the "Read Also" column, or choose other free books by Nicholson, J. Shield (Joseph Shield), 1850-1927 to read onlineMoreLess
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