The Doctrine of Equivalents, Or, An Explanation of the Nature, the Value And the Power of Money : Together With Their Application in Organising Public Finance 7

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If considered as interest on money borrowed by the public, it is then a part of the money- value of an annual produce, demanded by the public iti d 9 DO C T 11 IN'B- order to-pay that interest; and requires of course the annual reproduction of a new money-capital, added to that which was previously .necessary towards producing the object taxed.
This being the case, it is impossi- ble for that object -to be produced at the same price as before ; neither could the person who gave his money, be se
...cured in his annual income, if this additional value (equal to the tax) was not absolutely linked to the object^ solely and independently for his use, as die interest of the capital he had fur- nished, It would be ridiculous to urge, that?
the producer of the object taxed could relinquish a part of the pre-existing va* lue for the benefit of the money-lender, as that idea would militate against the principle of a just value being due to all things, so fully established in the OF EQUIVALENTS.


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