Brief Considerations on the Income Tax and Tariff Reform, in Connection with the Present State of the Currency (Classic Reprint)
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The exigencies of the state demand a revenue of fifty-two millions. The taxable capacity of the nation furnishes a revenue of forty-eight millions. The minister proposes the imposition of a direct tax to make good the difference. He accompanies the proposal by a reduction of the import duties on several articles of necessity and comfort. His calculation is, that in the commencement, the reduction of import duties will lead to a diminution of revenue; but that, in a few years, by the stimulus which it will give to commerce and manufactures, not only will there be no diminution, but so great an increase, as to admit of the repeal of the direct tax. The commerce and manufactiures of England, it is said, are possessed of a wonderful elasticity. They contain within them a principle of expansion, which renders it impossible permanently to injure their profitable exercise. They are suffering, at present, imder a casual depression, which the unaided influence of time would ultimately remove. The alterations of the customs tariff will accelerate its removal. There are assumptions in the ministerial views of the taxable powers of the nation, that require consideration. The amount of commercial sufiering, in so large a community as that of England, can, at best, be loosely calculated. There is no topic on which party representations are indulged in with so uncontrolled a license.
(Typographical errors above are due to OCR software and don't occur in the book.)
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Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book proposes a groundbreaking solution to the economic crisis plaguing England in the 1840s and offers a comprehensive analysis of the country's financial woes. The author argues that the current monetary system, heavily reliant on gold, is inherently flawed and must be replaced with a well-regulated paper currency. Delving into the history of money, the book traces the evolution of coinage and the adoption of gold and silver as primary mediums of exchange. The author highlights the limitations of metallic currencies, emphasizing their scarcity, high cost, and vulnerability to external factors such as wars and trade imbalances. The centerpiece of the book is the proposal for a national bank that would issue inconvertible paper money. The author believes that such a system would stabilize prices, prevent inflation and deflation, and stimulate the economy. He provides detailed plans for regulating the quantity of money in circulation, ensuring the solvency of the issuing bank, and preventing counterfeiting. The author also addresses concerns about over-issuance and loss of public confidence, arguing that a well-managed paper currency can maintain its value without the need for convertibility into gold. He cites examples from other countries, such as Norway, Sweden, and Prussia, where paper currencies have successfully operated without depreciation. This thought-provoking book offers a bold and visionary solution to England's economic crisis. Its insights on the nature of money, the role of the state in regulating the currency, and the relationship between monetary policy and economic prosperity remain highly relevant today. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781330759394_0
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Vendeur : Revaluation Books, Exeter, Royaume-Uni
Paperback. Etat : Brand New. 46 pages. 8.82x5.83x0.24 inches. This item is printed on demand. N° de réf. du vendeur zk1330759397
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Vendeur : Buchpark, Trebbin, Allemagne
Etat : Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. N° de réf. du vendeur 25848708/2
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Vendeur : Buchpark, Trebbin, Allemagne
Etat : Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. N° de réf. du vendeur 25848708/1
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