Quote#Money & Wealth
I have endeavoured to show that the ability to pay taxes depends, not…
Quote byDavid Ricardo · 1772–1823
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: The Principles of Political Economy and Taxation (1821) (Third Edition), Advertisement To The Third Edition, p. 3.
English (original)
I have endeavoured to show that the ability to pay taxes depends, not on the gross money value of the mass of commodities, nor on the net money value of the revenue of capitalists and landlords, but on the money value of each man's revenue compared to the money value of the commodities which he usually consumes.
— David Ricardo
More from David Ricardo
The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of the land, the owner of the stock or …
Sufficiently rich to satisfy all my desires and the reasonable desires of all those about me.
Money is neither a material to work upon nor a tool to work with.
The depreciation of the circulating medium has been more injurious to monied men
more than any other class of the community, is benefited by the depreciation of money, and injured by the increase of its value.
Adam Smith, and other able writers to whom I have alluded, not having viewed correctly the principles of rent, have, it appears to me, overlooked many important truths, which can only be discovered after the subject of rent is thoroughly …