The ABC of taxation

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Monograph

Identifikator:: 1010741608

URN:: urn:nbn:de:zbw-retromon-21094

Document type:: Monograph

Author:: Fillebrown, Charles Bowdoin

Title:: The ABC of taxation

Edition:: Fourth edition specially revised

Place of publication:: Garden City, New York

Publisher:: Doubleday, Page & Company

Year of publication:: 1916

Scope:: 1 Online-Ressource (236 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Part III. Other essays and addresses

Collection:: Economics Books

REGULATION OF PUBLIC UTILITIES 133 ring to endure the ills of monopoly rather than hazard what seems a gigantic experiment. Yet, considering the great advance already made by the city and state of New York* in the regulation of public utilities, it is difficult to believe that the people will not hold fast to what they have now obtained. For one 1 do not incline to ownership, though I do not pretend to be wise enough to reach a sure decision. Fortunately, it does not appear to me immediately necessary to make such choice. There is one good way easily open for its determination, viz., the com parative test of time. That the employment of taxa tion, as one instrument ready-made and close at hand, is wise, 1 have not a doubt. The astonishing thing is that economists, legislators, and newspapers, in their opposition to ownership of certain monopolies, do not more prominently suggest and discuss, even if they are not ready to advocate, the compromise alternative to ownership. How else can the opposition to public ownership head off its coming better than by advocating taxation in its stead, and why not be as persistent in experiments of taxation as of ownership, thus contributing to the only possible solution — experimental test and demonstration — the survival of the fittest? The true system when found will be the one that bears the supreme test of furnish ing a maximum service at a minimum cost. Legislature or Commission If, in the course of events, it should appear that public regulation is preferred to public ownership, and there- ^See Reports of Public Service Commission, First and Second Districts, for the six months ending December 31, 1907.

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