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Updated: June 14, 2025
He then very clearly demonstrates the justice of every one having a vote, and adds, "But, it appeared to me, when I wrote Nos. 16 and 18, to be too difficult to put this right in motion all at once; and therefore I recommended the confining of the right of voting to the payers of direct taxes, until there should be time for a reformed Parliament to change the mode of taxing.
"But I ask thee whether he is lively or phlegmatic, cautious or imprudent?" "He is, of all bad payers," said Setoc, "the most lively fellow I ever knew." "Well," resumed Zadig, "allow me to plead thy cause."
With immense quantities of ore just beneath the surface, when our new smelter is completed Sawhide will undoubtedly prove one of the best dividend payers in the country! As the Buggenheims and other well-known financiers are largely interested in the stock, it is only a question of time before it will be marked up out of sight.
Everyone desires a reduction of taxes, and there is a great preponderance of sentiment in favor of taxation reform. When I approved the present tax law, I stated publicly that I did so in spite of certain provisions which I believed unwise and harmful. One of the most glaring of these was the making public of the amounts assessed against different income-tax payers.
When you have counted one section, you will find twenty exactly like it. Verify my statement and then make a note of those packages of stocks and bonds, all gilt-edged dividend payers. On that side table there in the corner," he waved in that direction, "I have thrown a heap of rubbish, the common stock of various corporations, not yet paying a dividend. Some of it will be very valuable in time.
But there, thinking of some business, I did 'light at the foot of the bridge, and by helpe of a candle at a stall, where some payers were at work, I wrote a letter to Mr.
The tax payers were robbed in the most reckless way, and the rights of citizens were entirely disregarded. Even when the Republican Congress, responsive to the voice of conservative Northern opinion, turned its back on the carpet-bag government of Georgia, these men made a tremendous effort to extend their rule unlawfully.
Evans replied, "The best reason, to my mind is, that the heaviest tax payers, members of our party, are all in favour of the bill." "Are they numerous enough to elect a governor who will do their bidding?" "Perhaps not, but their money is powerful enough to do it" he paused "if it becomes necessary." The Governor arose, and Mr. Evans, influenced by the action, did the same.
For a good reputation as an issuing house takes years to build up, and is very easily shaken by any mistake, or even by any accident, which could not have been foreseen but yet brings a loan that it has handled into the list of doubtful payers. Mr. Brailsford, indeed, asserts that it may be to the advantage of bondholders to be faced by default on the part of their debtors.
We are all sensible of it, and we think that that great difference should be recognised when the necessary burdens of the State have to be divided and shared between all classes. The application of this principle of differentiation of income-tax has enabled the present Government sensibly to lighten the burden of the great majority of income-tax payers.
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