The Edinburgh Review Volume . 210

The Edinburgh Review Volume . 210

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ...that his first duty is to sell out shares in railway companies and other concerns, where the money has been employed in production, in order to pay a large lump sum into the Treasury. Sir Felix has since expanded his views in an able article in the 'Nineteenth Century, ' in which he grounds himself (as becomes a distinguished Free Trader) on certain principles of taxation laid down by Adam Smith, and discusses the effect of very heavy taxation of this sort on the wealth of the nation. This is a point of view too little regarded by those who are thinking only of the individual. Where a man has succeeded to property or benefited by ' a windfall, ' the public account him a lucky fellow well able to pay heavily; but the effect upon the State is lost sight of. The surrender of the ' Old Sinking Fund, ' and the setting aside money hitherto devoted to the reduction of debt in order that it may be employed on any project which a Ministry may choose to describe as 'Social Reform, ' is another provision of this remarkable Budget. So far it has hardly been supported by serious argument. It is open to the most evident and weighty objection. Probably it will not be persisted in, but its mere proposal has done something to discredit that claim to the character of economical reformers upon which Liberal Ministers used to pride themselves. Bad as the Budget is in our opinion--both uneconomical and unjust--much of the criticism to which it is exposed comes with a very ill grace from those Conservatives who are continually complaining of the insufficiency of our naval and military establishments, who on the platform themselves promised Old Age Pensions, and who in the House of Commons did not even try to confine the Government proposals within narrower limits. Ishow more

Product details

  • Paperback | 230 pages
  • 189 x 246 x 12mm | 417g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236600673
  • 9781236600677