Statics of Stat Quo Permanency Or the Maximum of Taxability Made a Measure O

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Statics of Stat Quo Permanency Or the Maximum of Taxability Made a Measure O
Ker, John Bellenden, 1765-1842
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'The labours ' form the resources of a country; but the only imperishable part of those le- sonrces is ownerage. When, therefore, toilcrage becomes dependent thereon, in consecpience of inflation excluding the produce of its industry fromy' the existing taxation, and the maintenance of . R, exceed, together, the means of OAVneragej and m iIkmi disapi)earing below e, the possi- ilrntcs are no longer Jibh- to susluis; the Meij;ht ol the piinciple of vested right.
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... suppose that, instead of liavin{j appoilioncd and canceled r/", or sucli a portion thereof as might have sufficiently re- duced the inflation of value, and given elbow- room in the foreign market to the industries of the country — instead, we repeat, of having fol- lowed this line of policy, we will now in con- clusion suppose that the communily in question had not only involved itself in another war, but attempted so monstrous a thing as carrying it on by an extra-niuros expenditure of the most ill- judged description — that of sending its wealth out of the country, for the incredible purpose of subsidising foreign armies!

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