Handbuch der vergleichenden Statistik- der Völkerzustands- und Staatenkunde

Thomson's manual of Pacific Northwest finance

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Identifikator:: 826042163

URN:: urn:nbn:de:zbw-retromon-35589

Document type:: Monograph

Author:: Kolb, Georg Friedrich http://d-nb.info/gnd/118564765

Title:: Handbuch der vergleichenden Statistik- der Völkerzustands- und Staatenkunde

Edition:: 4. umgearb. Aufl.

Place of publication:: Leipzig

Publisher:: Felix

Year of publication:: 1865

Scope:: 1 Online-Ressource (XX, 548 S.)

Collection:: Economics Books

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i 3 8 THE A B C OF TAXATION to-day towers above all the rest, it is the problem of railway regulation. The avowed aim of what is known as the New York Ford Amendment is to facilitate the raising of revenue. It contains no suggestion of possible extension to include the far higher and more difficult function of regulation. There are those who believe that the vexatious perplexities of this, as of all other public franchise problems, will prove more amenable to the correcting tendencies of taxation than to any other agency. Legislative regulation is, at best, clumsy and intermittent, often amounting to a weak confession that hostility of interests cannot be con verted into harmony. Taxation is neither of these, but is elastic, self-adjustable, and self-operative. The best hope of any graft extermination must reside in taxation — the taxation of special privilege. Would any one maintain that change for the worse is possible in American graft of to-day? Is the public graft of a corporate city worse than the private graft of all its constituent citizens? Are not the people the victims in either case, and cannot graft be resisted more con cretely and thus more effectively by the arm of a strong individual executive than by the slower instrumentali ties of public administration? It will be profitable, in approaching the problem, to analyse in our own minds what is meant by the phrases public utilities, quasi-public corporations, semi-public functions. We mean, do we not, that a part is public business and a part is private business; that one part of their capital is public, another part private: that one part of their function is public and one part individual; that one part of their value rests on fran chise, the other part on equipment and operation?

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