The National Budget; The National Debt, Taxes And Rates. The National Debt, Taxes And Rates: the…

Paperback | January 7, 2012

byAlexander Johnstone Wilson

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This historic book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1882. Not illustrated. Excerpt: ... CHAPTER IV. THE REFORM ERA AND OUR FINANCIAL HISTORY DOWN TO THE PRESENT TIME. Naturally the first thing the nation expected when peace was at last secured was an immediate reduction in the national expenditure; but that was by no means the intention of its rulers, even had it been in their power. Castlereagh came home from hobnobbing with autocrats full of autocratic ideas, and spoke of an army of 150,000 men as the proper peace footing. But the minister had, in part at least, to give up ambitious dreams and attempt to reduce expenditure. It was not, however, the burdens of the poor that were first lightened. The first tax that went was Pitt's property and income tax, at the time of its abolition in 1815 bringing in over £14,000,000 per annum at its then rate of 10 per cent. In the following year the war malt-duty of 2s. Of d. also went by the board; and these two remissions, both of which were made primarily in the interest of the ruling classes, although the latter to some extent benefited the drinkers of beer, left such a yawning deficit that the ministers had perforce to stop further remissions; nay, they, so far as malt was concerned, retraced their steps partially three years later, adding 50 per cent to the then duty--making it 3s. 7 Jd. instead of 2s. 5d.,to which it had been reduced. Without following the history of these years in minute detail, it may be said that down, at the earliest, to 1825 the fiscal policy of this country in all that related to the true principles of taxation and the freedom of trade was, for the most part, reactionary. There were enlightened men in the Government now and then, but they were unheeded by their stupid or lazy colleagues, and unsupported by an enlightened public opinion. Of these men the most notable ...

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This historic book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1882. Not illustrated. Excerpt: ... CHAPTER IV. THE REFORM ERA AND OUR FINANCIAL HISTORY DOWN TO THE PRESENT TIME. Naturally the first thing the nation expected...

Format:PaperbackDimensions:48 pages, 9.69 × 7.44 × 0.1 inPublished:January 7, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217393624

ISBN - 13:9780217393621

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