The Industrial Revolution

Bibliographic data

Monograph

Identifikator:: 1027928145

URN:: urn:nbn:de:zbw-retromon-159926

Document type:: Monograph

Author:: Cunningham, William http://d-nb.info/gnd/128907487

Title:: The Industrial Revolution

Place of publication:: Cambridge

Publisher:: The University Press

Year of publication:: 1922

Scope:: xxii S., S. 404-886

Digitisation:: 2021

Collection:: Economics Books

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

POSSIBLE SOURCES OF REVENUE 425 onder the pressure of immediate necessity. The practical a common sense of the Parliamentary party, in meeting the ’ sudden emergency caused by the War?, received the highest sad been proof of approbation from the Restoration Parliament ; since fused ” financial expedients, which had been specially devised in 947d the order to meet temporary exigencies, were deliberately re- remum- tained as convenient for raising a permanent revenue. The scheme, which was adopted at the Restoration, did not prove sufficient for the ordinary expenses of government? and was totally inadequate as a means of raising money for the great continental struggle in which William was engaged; and much interesting discussion took place as to and pro- the best ways and means of supplying the war. Davenant, bude and other Tory writers, had argued that a readjustment of fF" the taxes levied on commodities would prove very fruitful; Suelo nd they believed that an ample revenue might be provided in this fashion, and that it would be unnecessary, except in the direct emergencies, to have recourse to the dangerous system of borrowing. They maintained the principle that the in- cidence of taxation should be distributed as equitably as possible, so that all the various sections of the community might be called upon to contribute according to their means to the necessities of State. It appeared to them that the burden of taxation pressed with undue severity on the landed men. Davenant points out that in ancient times personal as well as real property had been taxed, and insists that the same course should be taken in his own day. “The asurers, who are the true drones of a commonwealth, living upon the honey without any labour, should, of all people, be brought in to bear their proportion of the common burthen. As yet they could never be effectually reached, but they may be fetched in by the wisdom of a Parliament, if the House of Commons would please resolutely to set themselves about 13” Davenant himself would have liked to see the income 1 1 «The late king having the command of the Inlands and the Parliament of most of the seaports, they had no better way than to put an excise on goods, whereby their enemies, making use of the said goods, paid the excise, and so the Parliamentary Army.” Trades Destruction is England's Ruin. or Ezeise Decryed, oy W. C., 1659, p. 5 [Brit. Mus. 518. h. 1 (2)]. 2 Shaw, Beginnings of National Debt, in Owens College Historical Essays, 400. 3 Wawvs and Means. in Works. 1. 57.

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