Brauerei F. A. Ulrich, Leipzig

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Monograph

Identifikator:: 893136298

URN:: urn:nbn:de:zbw-retromon-77125

Document type:: Monograph

Author:: Preisigke, Friedrich http://d-nb.info/gnd/116281871

Title:: Girowesen im griechischen Ägypten, enthaltend Korngiro, Geldgiro, Girobanknotariat mit Einschluss des Archivwesens

Place of publication:: Strassburg im Elsass

Publisher:: Verlag von Schlesier & Schweikhardt

Year of publication:: 1910

Scope:: 1 Online-Ressource (XVI, 575 Seiten)

Collection:: Economics Books

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REGULATION OF PUBLIC UTILITIES 143 benefit either in lower fares or in franchise taxes. It may be assumed that the gross amount of the benefit is the same whichever way it is distributed. If the franchise is taxed, the benefit is distributed immediately among all the people. If rates are re duced, would not the benefit, while going immediately to the patrons of the road, likewise be ultimately dif fused among all the people? If the above analysis be correct, it follows that the question of method is one, not of justice, but of expediency, and it is submitted that, on the ground of expediency, the taxation method is preferable by reason of its greater simplicity. A too frequent change in schedule rates is at least inconvenient. This disadvantage finds illustration in the contrasted conditions of 1907 and 1908. By hard times and greatly reduced business, the railroads now seek to justify either a reduction of wages or a paradoxical advance of rates, in place of the reduction usually resulting from dull business. It is at this point that taxation offers itself, like the “ratchet” or the “follower” in the machine, to “take up the slack” be it more or less from year to year. Under the system here considered, in which regula tion is supplemented by taxation, instead of a legisla tive reduction of rates once in every five, ten, or twenty- five years, in the face of a formidable lobby, there would be a periodical but not too frequent general readjust ment of rates, which presumably must be high enough to include dividends on capital actually employed; there would be an annual flexible regulation of the tax based upon the net earnings of the previous year, in the light of an honest, expert, and inquisitorial public

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Contents: The ABC of taxation

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