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The normal tax of one per cent, is to be levied upon the income of corporations. In effect this provision of the law merely continues the corporation or "excise" tax which was already in existence. But that tax now becomes an integral part of the income tax, covering the income which accrues to the stockholder and is distributable in the form of dividends.
Supposing, say they, we obtain no corresponding advantage from other states, there is an immense benefit accrues to ourselves from admitting foreign goods at a nominal duty, from the low price at which they may be purchased by the British consumer.
Nation thus stimulates nation, each furnishing the other with important variations in ideas, customs, institutions, and mechanisms resulting from long-continued divergent evolution. The advantages slowly gained by advanced peoples speedily accrues through social heredity to any backward race really desiring to enter the social heritage.
It is by far the richest corporation in the country; its annual revenue payable in money far surpasses that of any other body or person. And if it begins to deposit this immense income as it accrues at any bank, at once it becomes interested in the welfare of that bank.
The only dignity that an inclination can assume accrues to it from its agreement with reason; yet we find that inclination, independent as well as blind, aspires, at the very moment she enters into contest with reason, to keep this dignity which she owes to reason alone. Nay, inclination even aspires to use this dignity she owes to reason against reason itself.
To every man, however, his own children are heirs and successors: wills they make none: for want of children his next akin inherits; his own brothers, those of his father, or those of his mother. To ancient men, the more they abound in descendants, in relations and affinities, so much the more favour and reverence accrues. From being childless, no advantage nor estimation is derived.
To secure this basis, it would purge the social system of all elements of monopoly, of which the private ownership of land is in its view the most important. This object, it maintains, can be secured only through the absorption by the State of all elements of monopoly value. Now, monopoly value accrues whenever anything of worth to men of which the supply is limited falls into private hands.
As, excepting the precious articles contained in the Hedjra, no money-treasure has ever been kept in the mosque, a double advantage accrues to the inhabitants of the town, numbers of whom gain a comfortable livelihood, while all are exempted from the danger and the internal broils which would, no doubt, occur, were it known that a large sum of money might be obtained by seizing the mosque.
Sentimentally, it may seem harsh to say that the greatest evil of the present regime is not found in poverty and in the suffering which it entails, but in the fact that so many persons have callings which make no appeal to them, which are pursued simply for the money reward that accrues. For such callings constantly provoke one to aversion, ill will, and a desire to slight and evade.
A special inferential value accrues to this position from the system of pre-established harmony it is manifest that the complete correspondence of the manifold substances in the world, which are not connected with one another by any direct interaction, can proceed only from a common cause endowed with infinite intelligence and power.
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