The Science of Wealth a Manual of Political Economy Embracing the Laws of Trad
The Science of Wealth a Manual of Political Economy Embracing the Laws of Trad
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In our eReader you can find the full English version of the book. Read The Science of Wealth a Manual of Political Economy Embracing the Laws of Trad Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Science of Wealth a Manual of Political Economy Embracing the Laws of Trad
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Deduct this last from $25, 000, 000, we have $4, 838, 709 as the difference, which is the sum the people had to pay on the home product. Then it stands thus : — Duties paid, as above $5, 520, 000 Enhanced cost of home sugar 4, 838, 709 Total $10, 358, 709 To this we must add twenty-five per cent, as the profits of the wholesale and retail dealers . . . 2, 589, 077 Whole amount paid $12, 9 48, 3s*', Of this government gets 5, 520, 000 Loss to consumers $7, 428, 380 Hence it appears, that the gov...ernment gets in the present case but about forty-three per cent of what the people have paid. We have estimated that the merchant charges a profit upon what he pays as duties, just as much as upon any other part of the cost of his commodities. We have put the profits of the merchants at twenty-five per cent. This, we are aware, is a low estimate ; but we are governed by the con- sideration, that there would be no importer's profit on the amount produced at home, and also that sugar is a " lead- ing article, " in the language of trade, upon which less aggre- gate profits are made.
What to read after The Science of Wealth a Manual of Political Economy Embracing the Laws of Trad?
You can find similar books in the "Read Also" column, or choose other free books by Amasa Walker to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Deduct this last from $25, 000, 000, we have $4, 838, 709 as the difference, which is the sum the people had to pay on the home product. Then it stands thus : — Duties paid, as above $5, 520, 000 Enhanced cost of home sugar 4, 838, 709 Total $10, 358, 709 To this we must add twenty-five per cent, as the profits of the wholesale and retail dealers . . . 2, 589, 077 Whole amount paid $12, 9 48, 3s*', Of this government gets 5, 520, 000 Loss to consumers $7, 428, 380 Hence it appears, that the gov...ernment gets in the present case but about forty-three per cent of what the people have paid. We have estimated that the merchant charges a profit upon what he pays as duties, just as much as upon any other part of the cost of his commodities. We have put the profits of the merchants at twenty-five per cent. This, we are aware, is a low estimate ; but we are governed by the con- sideration, that there would be no importer's profit on the amount produced at home, and also that sugar is a " lead- ing article, " in the language of trade, upon which less aggre- gate profits are made.
What to read after The Science of Wealth a Manual of Political Economy Embracing the Laws of Trad?
You can find similar books in the "Read Also" column, or choose other free books by Amasa Walker to read onlineMoreLess
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