money answers all things-第20章
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heir Operation must cease of Course。 For as the Value of Commodities has risen; by the Increase of Gold and Silver within these 150 Years; so would they of Necessity fall in their Price; if our Golda nd Silver were considerably diminished; the Consequence must be the same; if there is a Diminution of that which hath the Operation of Money。 'Tis true; as he further says; That as the Taxes will be abated; as the national Debts are paid off; so the Prices of Goods will fall in Proportion to the Abatement of the Impost on them; yet this will by no means suffer the Prices of things to fall in Proportion to the sinking such a prodigious Value of Paper Effects; as at present operate with the full Force of Money amongst us; for these being several Times as great as our real Specie; must; by the aforesaid Rule; when sunk; make all Things fall in such Proportion; unless our real Specie can be augmented in the Interim to prevent it; and this; I doubt not; but it certainly will; if the Way I have pointed out; be heartily and sufficiently persued。 11thly; The full and sufficient Execution of this Proposal; will enable the Government to reduce the national Debts; and ease the Taxes。 For as the Produce of the Earth; and Consumption thereof; will certainly be greatly encreased; which Things always go together; the Revenue must; I think; increase too; since the Malt Tax; Excise on Beer; Duty on Leather and Tallow; and whatever other Parts of the Produce are taxed; would evidently be as much augmented as the Produce and Consumption of these would be augmented; and if at the same time the Circumstances of the People will be generally amended; as I hope I have sufficiently made out; as they will thereby be better able to pay these and all other Taxes; so every thing being by the full and sufficient Execution of this Proposal made considerably cheaper; which will as certainly attend the Execution thereof; it's plain; the Government will be able to effect every thing with as much less Money as the Price of Labour and Goods of all Kinds will hence be reduced; and therefore will certainly have a Surplus of Revenue arising not only by the Augmentation thereof; but by being enabled to effect every thing; that they may have Occasion to do; with much less Sums than they can now effect those Things; and sure this Difference; which will certainly be very considerable; if sufficiently pursued; may be applied to reduce the national Debts; and ease the Taxes。 But perhaps it will be objected; that to effect this Proposal; the Land…tax will lessen with the Rents of Lands; whence the Revenue must in this Branch of it diminish。 I answer; that most of the Counties are able; with 2/3 of the Tax on Land; to raise the Quota's assess'd on them。 And Eras。 Phillips; Esq: p。 44; supposes all the Lands in the Kingdom not to be assess'd at above half their Value; and if so; their Quotas; notwithstanding the Fall of Rents; may be still kept up; but if we add the Land…tax; that may be further raised on so great an Addition of Land; as much every Year be further put into Use and cultivated; to hold the needful Proportion to the natural Increase of Mankind; and effect the Things I am contending for; this Addition of the Land…tax will; undoubtedly; contribute so much to the preventing any Diminution of this Branch of the Revenue; that; I think; we need have no Apprehensions about this Matter。 And if the People will encrease as Trade is relieved and enlarged; which is a Truth known even to a Maxim; there can be no doubt that the Revenue will certainly; in the whole; soon be augmented; and also in this Branch of it。 But because the Land; that shall be further put to Use; will be more in Proportion in some Counties than others; perhaps this may make a new Assessment of the Land…tax needful; which therefore in such Case should be done。 I can't dismiss this Head without shewing that if all the Taxes were taken off Goods; and levied on Lands and Houses only; the Gentlemen would have more nett Rent left out of their Estates; than they have now the Taxes are almost wholly levied on Goods。 The national Debt is supposed to be near 50 Millions; the Interest of which; at 4 per cent is two Millions: And I further suppose; two Millions more may be near as much as is raised for the current Service of the Year; in these times of Peace; this together makes four Million per annum; which must be raised nett for the Government。 The Rental of the Kingdom; though it's at present assess'd but at 10; is well known to be 20 millions per annum;(24*) so that if the Land were fully assess'd (as it certainly ought if it can be proved that the Land must pay all the Taxes; however the Manner of collecting them be varied) four Shillings in the Pound would raise the whole Supply of four Millions; except the Charge of collecting it; which by way of Land…tax being found to be but about 6 Pence in the Pound; or 2 1/2 per cent will make but 100;000 l。 more。 But let us see what it will cost the nation to raise four Millions per annum on Goods。 I suppose we have hardly less than 15;000 Persons employed; in the Kingdom; and upon the Coasts thereof; to collect; mange; and look after the revenue in every Respect; besides a considerable Number of Vessels; the Charge of which; and Salaries of all these Officers of every Class; together with the Perquisites they receive from the People; which affect the Price of Goods just as if it were all nett Duty paid into the Treasury; all these Charges taken together; I suppose; may very moderately be rekoned equal to 100 l。 per Annum; at a Medium; for each of those Persons。 so that the Nation is thus necessarily put to a Million and an half Charge by these Officers; and if we suppose the Duties on Goods; and the Charge of collecting them; to be equal to 1/6 of the gross Value of them; then the gross Value will at this Rate be 33 Millions。 Now since those that disburse the Duties; and Charge of collecting them; must have a suitable Profit to every Hand through which the Goods pass to the Consumers; I will suppose these Profits to inhance the Value of the Goods to the Consumers 8 per cent(25*) this will occasion a further Charge to the Nation of 2;640;000 l。 per annum。 So that collecting four Millions for the Government on Goods; puts the Nation to above four Millions more Charge; than would be sufficient to raise the same Supply by way of Land…tax only。 And I verily believe; I have not exceeded in any of my Suppositions; or if I have; I doubt not that I am still in the whole Charge enough within Compass; and that this Way of Reasoning is just。 But before I proceed to shew that this whole Charge of 8 Millions; which is equal to 8 Shillings in the Pound on the Rental of the Kingdom; will all fall ultimately on the Land; it is needful to shew that the Land gives all we have。 That the Land gives all we have; would be self…evident; if we did not import many Goods which are the Produce of other Nations: But this makes no Alteration in the Case; since the Quantity of foreign Goods we import; can't continually be of greater Value than the Goods we export; because this; in the End; must exhaust all our Cash; and so put an End to that Excess。 Therefore the Goods we import stand only in Place; and in Stead of those we export; consequently the Land gives not only all we have of our own Produce; etc。 but virtually all we receive from other Nations; since it produces and delivers; at least; a Quantity equal in Value to the Quantity of Goods we import。 And as I have now proved that the Land gives all we have; notwithstanding the Importation of any Quantity of foreign Goods; I will next shew that it must pay all the Taxes; levy them how we will。 I might without going any further; insist on it; as a self…evident Principle; that that which gives all must pay all; but I will shew how this comes to pass in this Case。 It hath been laid down as a certain Principle; That the Price of Goods to the Consumers in general; depends on; and is governed by; and will always be more or less; according as the Quantity of Cash circulating amongst the People is more or less; in Proportion to their Numbers。 And as the Rents of Lands depend also on this Principle; I will shew