David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 243

In the same manner a tax on the profits of the farmer would raise the price of corn; a tax on the profits of the clothier, the price of cloth; and if a tax in proportion to profits were laid on all trades, every commodity would be raised in price. But if the mine, which supplied us with the standard of our money, were in this country, and the profits of the miner were also taxed, the price of no commodity would rise, each man would give an equal proportion of his income, and every thing would be as before.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 243 · Verified：2026-10-19 · Verification：Short excerpt

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