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.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part III. Other essays and addresses

Collection:: Economics Books

I 52 THE A B C OF TAXATION cannot remain a burden upon the owner beyond a generation at most. Land value, otherwise perishable, is made imperishable by public conservation; hence the plea that the whole tax, whether inheritance or income, be gradually transferred to this one basis. Whether it shall be imposed lightly, as a life rate, or heavily, as a death rate, is merely a question of method. In either case it will soon cease to be a burden upon any one. Unjust fortunes are made out of ground rent accumu lated and compounded. They can be perpetuated only by the private appropriation of ground rent; cut off from ground rent the public nutriment and they will quickly crumble and perish from the face of the earth. Mr. Carnegie says: “Who made the ‘wealth’ of the Manhattan Island farm? The community, the popu lation, the people. Then you tell me that wealth is sacred. I say that the community was the leading partner that made that wealth. It was hundreds of people settling up there, thousands of people settling around there, and here are these millionaires. They have toiled not, neither have they spun.” Is it not sensible to make such cumulative fortunes as these the basis of live taxation? President Roosevelt cannot eliminate “intricacy, delicacy, and troublesomeness” from his income tax until he learns to distinguish sharply between capital and privilege, between incomes that are earned and those that are unearned

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