David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 257

Adam Smith, as we have seen, has fully allowed that the effect of a tax on wages would be to raise wages by a sum at least equal to the tax, and would be finally, if not immediately, paid by the employer of labour. Thus far we fully agree; but we essentially differ in our views of the subsequent operation of such a tax.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 257 · Verified：2026-10-19 · Verification：Short excerpt

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