wealbk05-及34嫗
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!!!!隆堋響頼��紗秘慕禰厮宴和肝写偬堋響��
upon that account exempted from this destructive tax�察�enjoyed a
sort of monopoly of that useful dyeing drug against the rest of
Europe。 The late attempts to introduce the culture of this plant
into England have been made only in consequence of the statute
which enacted that five shillings an acre should be received in
lieu of all manner of tithe upon madder。
As through the greater part of Europe the church�察�so in many
different countries of Asia the state�察�is principally supported
by a land´tax�察�proportioned�察�not to the rent�察�but to the produce
of the land。 In China�察�the principal revenue of the sovereign
consists in a tenth part of the produce of all lands of the
empire。 This tenth part�察�however�察�is estimated so very moderately
that�察�in many provinces�察�it is said not to exceed a thirtieth
part of the ordinary produce。 The land´tax or land´rent which
used to be paid to the Mahometan government of Bengal�察�before
that country fell into the hands of the English East India
Company�察�is said to have amounted to about a fifth part of the
produce。 The land´tax of ancient Egypt is said likewise to have
amounted to a fifth part。
In Asia�察�this sort of land´tax is said to interest the
sovereign in the improvement and cultivation of land。 The
sovereigns of China�察�those of Bengal while under the Mahometan
government�察�and those of ancient Egypt�察�are said accordingly to
have been extremely attentive to the making and maintaining of
good roads and navigable canals�察�in order to increase�察�as much as
possible�察�both the quantity and value of every part of the
produce of the land�察�by procuring to every part of it the most
extensive market which their own dominions could afford。 The
tithe of the church is divided into such small portions that no
one of its proprietors can have any interest of this kind。 The
parson of a parish could never find his account in making a road
or canal to a distant part of the country�察�in order to extend the
market for the produce of his own particular parish。 Such taxes��
when destined for the maintenance of the state�察�have some
advantages which may serve in some measure to balance their
inconveniency。 When destined for the maintenance of the church��
they are attended with nothing but inconveniency。
Taxes upon the produce of land may be levied either in kind��
or�察�according to a certain valuation�察�in money。
The parson of a parish�察�or a gentleman of small fortune who
lives upon his estate�察�may sometimes�察�perhaps�察�find some
advantage in receiving�察�the one his tithe�察�and the other his
rent�察�in kind。 The quantity to be collected�察�and the district
within which it is to be collected�察�are so small that they both
can oversee�察�with their own eyes�察�the collection and disposal of
every part of what is due to them。 A gentleman of great fortune��
who lived in the capital�察�would be in danger of suffering much by
the neglect�察�and more by the fraud of his factors and agents�察�if
the rents of an estate in a distant province were to be paid to
him in this manner。 The loss of the sovereign from the abuse and
depredation of his tax´gatherers would necessarily be much
greater。 The servants of the most careless private person are��
perhaps�察�more under the eye of their master than those of the
most careful prince�察�and a public revenue which was paid in kind
would suffer so much from the mismanagement of the collectors
that a very small part of what was levied upon the people would
ever arrive at the treasury of the prince。 Some part of the
public revenue of China�察�however�察�is said to be paid in this
manner。 The mandarins and other tax´gatherers will�察�no doubt��
find their advantage in continuing the practice of a payment
which is so much more liable to abuse than any payment in money。
A tax upon the produce of land which is levied in money may
be levied either according to a valuation which varies with all
the variations of the market price�察�or according to a fixed
valuation�察�a bushel of wheat�察�for example�察�being always valued at
one and the same money price�察�whatever may be the state of the
market。 The produce of a tax levied in the former way will vary
only according to the variations in the real produce of the land��
according to the improvement or neglect of cultivation。 The
produce of a tax levied in the latter way will vary�察�not only
according to the variations in the produce of the land�察�but
according to both those in the value of the precious metals and
those in the quantity of those metals which is at different times
contained in coin of the same denomination。 The produce of the
former will always bear the same proportion to the value of the
real produce of the land。 The produce of the latter may�察�at
different times�察�bear very different proportions to that value。
When�察�instead either of a certain portion of the produce of
land�察�or of the price of a certain portion�察�a certain sum of
money is to be paid in full compensation for all tax or tithe��
the tax becomes�察�in this case�察�exactly of the same nature with
the land´tax of England。 It neither rises nor falls with the rent
of the land。 It neither encourages nor discourages improvement。
The tithe in the greater part of those parishes which pay what is
called a Modus in lieu of all other tithe is a tax of this kind。
During the Mahometan government of Bengal�察�instead of the payment
in kind of a fifth part of the produce�察�a modus�察�and�察�it is said��
a very moderate one�察�was established in the greater part of the
districts or zemindaries of the country。 Some of the servants of
the East India Company�察�under pretence of restoring the public
revenue to its proper value�察�have�察�in some provinces�察�exchanged
this modus for a payment in kind。 Under their management this
change is likely both to discourage cultivation�察�and to give new
opportunities for abuse in the collection of the public revenue
which has fallen very much below what it was said to have been
when it first fell under the management of the company。 The
servants of the company may�察�perhaps�察�have profited by this
change�察�but at the expense�察�it is probable�察�both of their masters
and of the country。
Taxes upon the Rent of House。
The rent of a house may be distinguished into two parts�察�of
which the one may very properly be called the Building´rent�察�the
other is commonly called the Ground´rent。
The building´rent is the interest or profit of the capital
expended in building the house。 In order to put the trade of a
builder upon a level with other trades�察�it is necessary that this
rent should be sufficient�察�first�察�to pay him the same interest
which he would have got for his capital if he had lent it upon
good security�察�and�察�secondly�察�to keep the house in constant
repair�察�or�察�what comes to the same thing�察�to replace�察�within a
certain term of years�察�the capital which had been employed in
building it。 The building´rent�察�or the ordinary profit of
building�察�is�察�therefore�察�everywhere regulated by the ordinary
interest of money。 Where the market rate of interest is four per
cent the rent of a house which�察�over and above paying the
ground´rent�察�affords six or six and a half per cent upon the
whole expense of building�察�may perhaps afford a sufficient profit
to the builder。 Where the market rate of interest is five per
cent�察�it may perhaps require seven or seven and a half per cent。
If�察�in proportion to the interest of money�察�the trade of the
builder affords at any time a much greater profit than this�察�it
will soon draw so much capital from other trades as will reduce
the profit to its proper level。 If it affords at any time much
less than this�察�other trades will soon draw so much capital from
it as will again raise that profit。
Whatever part of the whole rent of a house is over and above
what is sufficient for affording this reasonable profit naturally
goes to the ground´rent�察�and where the owner of the ground and
the owner of the building are two different persons�察�is�察�in most
cases�察�completely paid to the former。 This surplus rent is the
price which the inhabitant of the house pays for some real or
supposed advantage of the situation。 In country houses at a
distance from any great town�察�where there is plenty of ground to
choose upon�察�the ground´rent is scarce anything�察�or no more than
what the ground which the house stands upon would pay if employed
in agriculture。 In country villas in the neighborhood of some
great town�察�it is sometimes a good deal higher�察�and the peculiar
conveniency or beauty of situation is there frequently very well
paid for。 Ground´rents are generally highest in the capital�察�and
in those particular parts of it where there happens to be the
greatest demand for houses�察�whatever be the reason of that
demand�察�whether for trade and business�察�for pleasure and society��
or for mere vanity and fashion。
A tax upon house´rent�察�payable by the tenant and
proportioned to the whole rent of each house�察�could not�察�for any
considerable time at least�察�affect the building´rent。 If the
builder did not get his reasonable profit�察�he would be obliged to
quit the trade�察�which�察�by raising the demand for building�察�would
in a short time bring back his profit to its proper level with
that of other trades。 Neither would such a tax fall altogether
upon the ground´rent�察�but it would divide itself in such a manner
as to fall partly upon the inhabitant of the house�察�and partly
upon the owner of the ground。
Let us suppose�察�for example�察�that a particular person judges
that he can afford for house´rent an expense of sixty pounds a
year�察�and let us suppose�察�too�察�that a tax of four shillings in
the pound�察�or of one´fifth�察�payable by the inhabitant�察�is laid
upon house´rent。 A house of sixty pounds rent will in this case
cost him seventy´two pounds a year�察�which is twelve pounds more
than he thinks he can afford。 He will�察�therefore�察�content himself
with a worse house�察�or a house of fifty pounds rent�察�which�察�with
the additional ten pounds that he must pay for the tax�察�will make
up the sum of sixty pounds a year�察�the expense which he judges he
can afford�察�and in order to pay the tax he will give up a part of
the additional conveniency which he might have had from a house
of ten pounds a year more rent。 He will give up�察�I say�察�a part of
this additional conveniency�察�for he will seldom be obliged to
give up the whole�察�but will�察�in consequence of the tax�察�get a
better house for fifty pounds a year than he could have got if
there had been no tax。 For as a tax of this kind by taking away
this particular competitor�察�must diminish the competition for
houses of sixty pounds rent�察�so it must likewise diminish it for
those of fifty pounds rent�察�and in the same manner for those of
all other rents�察�except the lowest rent�察�for which it would for
some time increase the competition。 But the rents of every class
of houses for