United States or Tajikistan ? Vote for the TOP Country of the Week !
But the colonies, instead of making any proposal for raising a revenue by a stamp-duty or any other way, sent home petitions to be presented to King, Lords, and Commons, questioning, in the most direct and positive terms, the jurisdiction of Parliament over their properties.
The ardor of Washington's offer matched the increasing anger of the Colonists. Lord North, abetted by the British Parliament, had continued to exasperate them by passing new bills which could have produced under the best circumstances only a comparatively small revenue. One of these imposed a tax on tea. The Colonists not only refused to buy it, but to have it landed.
The Articles of Confederation, as to purposes of revenue and finance, were nearly a dead letter.
The clergy were thrown even still more violently into opposition. The Assembly, sorely pressed for resources, declared the property held by ecclesiastics, amounting to a revenue of not less than eight million pounds sterling a year, or double that amount in modern values, to be the property of the nation. Talleyrand carried a measure decreeing the sale of the ecclesiastical domain.
Ye shall also understand, that the strangers' house is at this time rich, and much aforehand; for it hath laid up revenue these thirty-seven years: for so long it is since any stranger arrived in this part; and therefore take ye no care; the state will defray you all the time you stay. Neither shall you stay one day the less for that.
But so long as rent was lumped with other sources of revenue it was impossible to see, what Malthus and West had now made clear, that in agriculture, as in manufactures, the profits of the producer must conform to the principle.
The members do not appear, however, to have been satisfied with the king's recommendations, and it was probably owing to their feared opposition to a wholesale sacrifice of the monasteries that, though the commissioners had made no distinction between the larger and the smaller establishments the measure introduced by the government dealt only with the houses possessing a yearly revenue of less than £200.
To avoid these evils it appears to me that the most safe, just, and federal disposition which could be made of the surplus revenue would be its apportionment among the several States according to their ratio of representation, and should this measure not be found warranted by the Constitution that it would be expedient to propose to the States an amendment authorizing it.
Though the whole annual produce of the land and labour of every country is no doubt ultimately destined for supplying the consumption of its inhabitants, and for procuring a revenue to them; yet when it first comes either from the ground, or from the hands of the productive labourers, it naturally divides itself into two parts.
The effect of taxation upon revenue can seldom be foreseen with certainty. It must abide the test of experience. As yet no symptoms of diminution are perceptible in the receipts of the Treasury. As yet little addition of cost has even been experienced upon the articles burdened with heavier duties by the last tariff.
Word Of The Day