Investing · Western classics
David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 249
David Ricardo《On the Principles of Political Economy and Taxation》· On the Principles of Political Economy and Taxation · Investing
A tax on the profits of stock would also affect the stockholder, if all commodities were to rise in proportion to the tax; but if from the alteration in the value of money, all commodities were to sink to their former price, the stockholder would pay nothing towards the tax; he would purchase all his commodities at the same price, but would still receive the same money dividend.
Source：
https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 249 · Verified：2026-10-19 · Verification：Short excerpt
Today's question
Does this passage change one judgment about money or risk today?
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