David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 213

From taxes on expenditure a miser may escape; he may have an income of 10,000 per annum, and expend only 300_l._; but from taxes on profits, whether direct or indirect, he cannot escape; he will contribute to them either by giving up a part or the value of a part of his produce; or by the advanced prices of the necessaries essential to production, he will be unable to continue to accumulate at the same rate. He may indeed have an income of the same value, but he will not have the same command of labour, nor of an equal quantity of materials on which such labour can be exercised.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 213 · Verified：2026-10-19 · Verification：Short excerpt

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